|
|
| 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 |
