Currently viewing: Operating profit | Next: Finance costs and finance income
| 2025 R'000 |
2024 R'000 |
|||
|---|---|---|---|---|
| The following has been charged/(credited) in arriving at operating profit: | ||||
| Advertising and promotional expenses | 54 275 | 57 553 | ||
| Audit fees – services as auditors relating to the year-end audit | 19 379 | 28 127 | ||
| Audit fees – other | — | 132 | ||
| Bad debts recovered | (2 631) | (29 578) | ||
| Consulting fees1 | 50 201 | 58 167 | ||
| Foreign exchange loss/(gain) | 1 578 | (1 051) | ||
| Impairment of inventory | 8 034 | 9 684 | ||
| Insurance | 27 600 | 15 663 | ||
| IT infrastructure costs and computer-related costs | 76 831 | 64 306 | ||
| Legal fees | 11 569 | 13 923 | ||
| Licence fees | 87 076 | 74 678 | ||
| Loss on disposal of investment in joint venture | 7 902 | — | ||
| Loss on disposal of property, plant and equipment | 1 998 | 966 | ||
| Motor vehicle expenses | 11 450 | 17 056 | ||
| Software development and IT project costs1 | 70 390 | 34 975 | ||
| Staff training | 52 492 | 52 203 | ||
| Travel – local and overseas | 17 544 | 13 595 |
| 1 | In order to achieve enhanced disclosure software development and IT project costs has been disaggregated from consulting fees. Comparative results have been updated accordingly. |
| Notes | 2025 R'000 |
2024 R'000 |
|||
|---|---|---|---|---|---|
| Fair value movements comprise the following: | |||||
| Fair value gain on surety receivable | 3.5 | (2 883) | (2 555) | ||
| Net fair value gain on financial instruments | 3.5 | (171 433) | (4 658) | ||
| (174 316) | (7 213) | ||||
| Bad debts and expected credit loss, arising from the application of IFRS 9, comprise the following: | |||||
| Bad debts and expected credit loss on loans | (285 372) | 123 085 | |||
| Expected credit loss on 2DFine and OSI loans | 391 | 1 381 | |||
| Bad debts and expected credit losses on trade receivables, other receivables and advances to customers | 520 505 | 383 316 | |||
| 235 524 | 507 782 | ||||
| Modification/derecognition of financial instruments comprise the following: | |||||
| Loss/(gain) on modification of financial liability – Class A | |||||
| Preference Shares | 3.4.2 | 18 769 | (20 682) | ||
| Loss on derecognition of financial assets measured at amortised cost | 34 103 | 53 258 | |||
| 52 872 | 32 576 |
