Currently viewing: Operating profit | Next: Earnings per share
2024 R’000 |
2023 R’000 |
|||
---|---|---|---|---|
The following has been charged/(credited) in arriving at operating profit: | ||||
Advertising and promotional expenses | 57 553 | 52 159 | ||
Audit fees – services as auditors relating to the year-end audit | 28 127 | 27 498 | ||
Audit fees – other | 132 | 7 524 | ||
Bad debts recovered | (29 578) | (645) | ||
Consulting fees | 93 142 | 79 424 | ||
Foreign exchange (gain) / loss | (1 051) | 1 676 | ||
Impairment of inventory | 9 684 | 8 495 | ||
Insurance | 15 663 | 15 095 | ||
IT infrastructure costs and computer-related costs | 64 306 | 57 582 | ||
Legal fees | 13 923 | 3 594 | ||
Licence fees | 74 678 | 66 419 | ||
Motor vehicle expenses | 17 056 | 23 541 | ||
Loss/ (profit) on disposal of property, plant and equipment | 966 | (1 919) | ||
Staff training | 52 203 | 68 310 | ||
Travel – local and overseas | 13 595 | 9 770 | ||
Fair value movements comprise the following: | ||||
Fair value gain on surety receivable | (2 555) | (32 743) | ||
Fair value gain on put option | — | (22 000) | ||
Fair value gain on financial instruments | (4 658) | (14 533) | ||
(7 213) | (69 276) | |||
Bad debts and expected credit loss, arising from the application of IFRS 9, comprise the following: | ||||
Bad debts and expected credit loss on loans | 124 466 | 69 480 | ||
Expected credit loss on 2DFine and OSI loans | — | 98 | ||
Bad debts and expected credit losses on trade receivables, other receivables and advances to customers | 383 316 | 667 347 | ||
507 782 | 736 925 | |||
Loss on modification/derecognition of financial instruments | ||||
Loss on modification of financial asset – Deferral Loan | — | 64 500 | ||
Gain on modification of financial liability – Class A Preference Shares1 | (20 682) | (7 047) | ||
Loss on derecognition of financial assets measured at amortised cost2 | 53 258 | — | ||
32 576 | 57 453 |
1 | For details regarding the modification of the Class A Preference Shares, refer to note 3.4.2. |
2 | For details regarding the derecognition of financial assets measured at amortised cost, refer to note 3.3.3. |