| Print |
Notes to the consolidated financial statements
for the year ended June 30
| 2012 R’000 |
2011 R’000 |
||||
2. |
Operating profit |
||||
| Determined after charging (crediting) | |||||
| Auditors’ remuneration | 70 009 | 68 528 | |||
| Audit fees | 56 752 | 52 065 | |||
| Audit related expenses | 804 | 1 227 | |||
| Consulting fees | 1 585 | 6 421 | |||
| Taxation services | 4 605 | 4 834 | |||
| Other services | 6 263 | 3 981 | |||
| Depreciation of property, plant and equipment | 1 710 363 | 1 556 293 | |||
| Buildings | 45 037 | 55 180 | |||
| Leasehold premises | 67 261 | 58 011 | |||
| Plant and equipment | 530 592 | 455 279 | |||
| Office equipment, furniture and fittings | 289 495 | 280 148 | |||
| Vehicles, vessels and craft | 384 366 | 365 315 | |||
| Rental assets | 123 411 | 116 325 | |||
| Capitalised leased assets | 3 354 | 4 976 | |||
| Full maintenance lease assets | 266 847 | 221 059 | |||
| Depreciation of vehicle rental fleet | 166 281 | 134 611 | |||
| Amortisation of intangible assets | 125 220 | 120 794 | |||
| Patents, trademarks, tradenames and other intangibles | 35 252 | 39 177 | |||
| Computer software | 89 968 | 81 617 | |||
| Impairment of assets | 256 971 | 439 350 | |||
| Property, plant and equipment | 13 223 | 27 027 | |||
| Intangible assets | 8 263 | 151 521 | |||
| Goodwill | 8 141 | 3 571 | |||
| Banking and other advances | 6 089 | – | |||
| Trade receivables | 221 255 | 257 231 | |||
| Impairment of associates | 96 700 | – | |||
| Directors' emoluments | |||||
| Executive directors | 95 175 | 80 913 | |||
| Basic remuneration | 46 058 | 36 816 | |||
| Retirement and medical benefits | 3 033 | 3 249 | |||
| Other benefits | 3 053 | 3 152 | |||
| Cash incentives and special bonuses | 43 031 | 37 696 | |||
| Non-executive directors | 8 663 | 9 497 | |||
| Fees | 4 032 | 3 818 | |||
| Emoluments for other services | 4 631 | 5 679 | |||
| Employer contributions to | 823 687 | 796 277 | |||
| Defined contribution pension funds | 103 557 | 137 429 | |||
| Provident funds | 411 689 | 375 919 | |||
| Retirement funds | 59 736 | 50 348 | |||
| Medical aid funds | 248 705 | 232 581 | |||
| Expense (income) related to post-retirement obligations | 13 973 | (33 882) | |||
| Defined benefit pension plans | 29 526 | (11 064) | |||
| Post-retirement medical aid obligations | 27 433 | (997) | |||
| Defined benefit early retirement plan | (42 986) | (21 821) | |||
| Share-based payment expense | 121 524 | 62 652 | |||
| Staff | 84 845 | 36 414 | |||
| Executive directors | 36 679 | 25 951 | |||
| Former executive directors | – | 287 | |||
| Staff costs excluding directors' emoluments and employer contributions | 13 936 772 | 12 393 135 | |||
| Fees for administrative, managerial and technical services | 5 728 | 6 468 | |||
| Research and development expenditure | 485 | 723 | |||
| Foreign exchange losses (gains) on hedging activities | (8 145) | 1 467 | |||
| Forward exchange contracts | (7 542) | 1 869 | |||
| Foreign bank accounts | (603) | (402) | |||
| Other foreign exchange losses (gains) | (91 710) | (22 799) | |||
| Realised | (89 476) | (30 531) | |||
| Unrealised | (2 234) | 7 732 | |||
| Income from investments | (681 209) | (242 300) | |||
| Dividends received from listed investments | (27 700) | (17 029) | |||
| Dividends received from unlisted investments | (49) | – | |||
| Profit on disposal | (447 877) | (24 404) | |||
| Fair value adjustments on investments held-for-trading | (205 583) | (200 867) | |||
| Net capital loss | 7 416 | 7 334 | |||
| Loss on disposal of property, plant and equipment | 43 | 5 642 | |||
| Loss on disposal of intangible assets | 9 012 | 1 399 | |||
| Loss (profit) on disposal of interests in subsidiaries and associates, and disposal and closure of businesses | (1 639) | 293 | |||
| JSE fees | 219 | 185 | |||
| Operating lease charges | 1 578 821 | 1 532 959 | |||
| Land and buildings | 1 239 179 | 1 237 040 | |||
| Equipment and vehicles | 339 642 | 295 919 | |||
