98 / 166
2017
R’000
2016
R’000
6.
EARNINGS PER SHARE
(continued)
Headline earnings
Profit attributable to shareholders of the company
4 008 287
3 279 576
Net impairments
400 534
166 825
Goodwill
176 174
–
Property, plant and equipment
115 093
41 463
Intangible assets
94 384
3 817
Available-for-sale investment
43 379
119 076
Associate
–
10 699
Taxation relief
(28 496)
(8 230)
Net profit on disposal of interests in subsidiaries and interest in associate
(465 882)
(34 804)
Profit on disposal of subsidiaries
(510 232)
(35 818)
Profit on disposal of interest in associate
(11 804)
–
Taxation charge
56 154
1 014
Net (profit) loss on disposal of property, plant and equipment and intangible assets
(21 175)
11 499
Property, plant and equipment
(7 122)
4 256
Intangible assets
(14 203)
5 280
Taxation charge
150
1 963
Headline earnings
3 921 764
3 423 096
Headline earnings per share (cents)
1 181,0
4 154,0
Diluted headline earnings per share (cents)
1 178,4
4 154,0
Dilution (%)
0,2
0,9
7.
CASH GENERATED BY OPERATIONS
Operating profit
5 476 953
4 626 518
Costs incurred in respect of acquisitions
46 084
8 947
Dividends received
14 854
23 467
Adjustment for depreciation and amortisation
1 191 135
1 237 482
Adjustment for non-cash items
(530 675)
207 872
Movement in post-retirement obligations
1 429
(224 391)
Working capital changes
(753 669)
762 572
Increase in inventories
(466 575)
(497 329)
Increase in trade and other receivables
(189 067)
(393 055)
(Decrease) increase in trade and other payables and provisions
(98 027)
1 652 956
Cash generated by operations
5 446 111
6 642 467
FINANCIAL OVERVIEW
Notes to the consolidated financial statements
for the year ended June 30
FINANCIAL STAT MENTS
Annual integrated report 2017
Bid Corporation Limited
94