1.6 Cash generated by operations

Operating (loss)/profit  

(5 225 999)

1 411 316 

Adjustments for:  

Depreciation of property, plant and equipment  

4.3 

72 564 

70 086 

Depreciation on leased assets  

4.4 

56 039 

24 303 

Amortisation of intangible assets  

4.2 

286 217 

399 183 

Fair value gain on financial instruments  

3.5 

(242 637)

(376 324)

Fair value loss on financial instruments  

3.5 

21 896 

204 891 

Fair value gain on surety receivable  

3.5 

(2 200)

(2 883)

Gain on effective settlement of pre-existing relationships upon obtaining control of Cell C

2.2.1

(480 707)

– 

Impairment of intangible assets  

4.2 

144 381 

– 

Impairment of property, plant and equipment  

4.3 

14 248 

22 150 

Impairment reversal of loans  

(10 103)

(293 251)

Impairment of inventory  

17 424 

8 034 

Impairment of goodwill

4.1 

200 592 

– 

Loan forgiveness

(719)

– 

Loss on disposal of property, plant and equipment  

3 163 

1 998 

Loss on disposal of intangible assets 

37 092 

16 

Loss on disposal of subsidiaries

1.3 

6 132 514 

– 

Net (profit)/loss on disposal of investment in joint ventures

(1 094)

7 902 

Termination of lease  

(144)

(284)

Lease modification income

3.6 

(326 303)

– 

Lease incentive received

(10 401)

– 

(Gain)/loss on modification/derecognition of financial instruments  

1.3 

(192 662)

52 872 

Loss on initial recognition of financial liability

3.5 

281 117 

– 

Equity compensation benefit expense  

5.2 

32 913 

69 391 

Changes in working capital: 

Increase in inventories 

(698 529)

(264 243)

Increase in trade and other receivables  

(215 834)

(1 063 727)

Increase in trade and other payables 

771 189 

694 757