BRAIT PLC AUDITED RESULTS ANNOUNCEMENT for the year ended 31 March 2023
1 AUDITED RESULTS ANNOUNCEMENT for the year ended 31 March 2023
Summary statement of financial position as at 31 March
Notes | |
ASSETS | |
Non-current assets | |
Investments | 3 |
Current assets | |
Cash and cash equivalents | 4 |
Audited | Audited |
31 March | 31 March |
2023 | 2022 |
R'm | R'm |
12 535 | 13 795 |
12 535 | 13 795 |
1 | 2 |
1 | 2 |
Total assets | 12 536 | 13 797 | |
EQUITY AND LIABILITIES | |||
Ordinary shareholders equity and reserves | 2 | 9 325 | 11 053 |
Non-current liabilities | 3 125 | 2 667 | |
2024 Convertible Bonds | 6 | 3 125 | 2 667 |
Current liabilities | 86 | 77 | |
Accounts payable and other liabilities | 7 | 86 | 77 |
Total equity and liabilities | 12 536 | 13 797 | |
2AUDITED RESULTS ANNOUNCEMENT for the year ended 31 March 2023
Summary statement of comprehensive income for the year ended 31 March
Restated(1) | |||
Audited | Audited | ||
31 March | 31 March | ||
2023 | 2022 | ||
Notes | R'm | R'm | |
Investment valuation (loss)/gain | 8 | (603) | 937 |
Operating expenses | 10 | (45) | (43) |
Finance costs | 11 | (280) | (270) |
(Loss)/profit for the year | (928) | 624 | |
Other comprehensive profit/(loss) | |||
Item that may be subsequently reclassified to profit or loss | |||
Translation adjustments | (800) | (659) | |
Total comprehensive loss for the year | (1 728) | (35) | |
(Loss)/earnings per share (cents) - basic and diluted | 12 | (70) | 47 |
(1) As set out in note 1, the FY22 Company financial statements presented the breakdown of the R43 | million operating expenses on the face of the income statement. This is now | ||
presented as a single amount, with the breakdown presented in note 10. |
3AUDITED RESULTS ANNOUNCEMENT for the year ended 31 March 2023
Summary statement of changes in equity for the year ended 31 March
Audited | Audited | |
31 March | 31 March | |
2023 | 2022 | |
R'm | R'm | |
Ordinary shareholders balance at 31 March 2022 | 11 053 | 10 413 |
(Loss)/profit for the year | (928) | 624 |
Translation adjustment | (800) | (659) |
IFRS equity component allocated to BIH Exchangeable Bonds reserve | - | 675 |
Ordinary shareholders balance at 31 March 2023 | 9 325 | 11 053 |
4AUDITED RESULTS ANNOUNCEMENT for the year ended 31 March 2023
Summary statement of cash flows for the year ended 31 March
Audited | Audited | ||
31 March | 31 March | ||
2023 | 2022 | ||
Notes | R'm | R'm | |
Cash flows from operating activities: | |||
Operating expenses paid | (30) | (31) | |
Administration fee paid | (11) | - | |
Net cash used in operating activities | (41) | (31) | |
Drawdown on loan from subsidiary | 13 | 245 | 230 |
2024 Convertible Bonds: coupon payments | (205) | (200) | |
Net cash generated from financing activities | 40 | 30 | |
Net decrease in cash and cash equivalents | (1) | (1) | |
Effects of exchange rate changes on cash and cash equivalents | - | (14) | |
Cash and cash equivalents at beginning of year | 2 | 17 | |
Cash and cash equivalents at end of year | 4 | 1 | 2 |
5AUDITED RESULTS ANNOUNCEMENT for the year ended 31 March 2023
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Brait plc published this content on 13 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2023 06:07:09 UTC.
