Key financial information

  • Statement of financial position
  • Income statement
  • Statement of cash flows

Statement of Financial Position

  2019
Rm
2018
Rm
ASSETS    
Non-current assets 14 540 19 231
Property, plant and equipment 7 879 12 657
Goodwill 1 408 1 873
Intangible assets 1 527 1 528
Investment in associates and joint ventures 2 253 1 343
Finance lease receivables 2 211
Long-term financial assets 710 909
Deferred taxation assets 761 710
Current assets 26 871 29 531
Vehicle rental fleet 3 137 3 058
Inventories 8 072 9 592
Trade and other receivables 7 384 8 883
Contract assets 981  
Taxation 71 105
Cash and cash equivalents 7 226 7 893
Assets classified as held for sale 5 780 497
Total asset 47 191 49 259
EQUITY AND LIABILITIES    
Capital and reserves    
Share capital and premium 441 441
Other reserves 4 523 4 194
Retained income 18 659 17 598
Interest of shareholders of Barloworld Limited 23 623 22 233
Non-controlling interest 272 517
Interest of all shareholders 23 895 22 750
Non-current liabilities 7 336 8 917
Interest-bearing 4 621 5 995
Deferred taxation liabilities 356 632
Provisions 102 47
Other non-current liabilities 2 257 2 243
Current liabilities 13 738 17 466
Trade and other payables 9 363 11 122
Contract liabilities 601  
Provisions 507 1 100
Taxation 80 70
Amounts due to bankers and short-term loans 3 187 5 174
Liabilities directly associated with assets classified as held for sale 2 222 126
Total equity and liabilities 47 191 49 259

Income Statement

  2019
Rm
Restated*
2018
Rm
CONTINUING OPERATIONS    
Revenue 56 834 60 094
Operating profit before items listed below 5 145 5 536
Impairment losses on financial assets and contract assets (124)  
Depreciation (1 561) (1 634)
Amortisation of intangible assets (115) (140)
Operating profit before B-BBEE transaction charge 3 345 3 762
B-BBEE transaction charge (73)  
Operating profit 3 272 3 762
Fair value adjustments on financial instruments 32 (122)
Finance costs (1 085) (1 145)
Income from investments 192 140
Profit before non-operating and capital items 2 411 2 635
Non-operating and capital items 87 (248)
Profit before taxation 2 498 2 387
Taxation (771) (870)
Profit after taxation 1 727 1 517
Income from associates and joint ventures 231 235
Profit for the year from continuing operations 1 958 1 752
DISCONTINUED OPERATIONS    
Profit from discontinued operations 519 2 168
Profit for the year 2 477 3 920
Attributable to:    
Owners of Barloworld Limited 2 428 3 846
Non-controlling interests in subsidiaries 49 74
  2 477 3 920
Earnings per share f rom group (cents)    
– basic 1 150.2 1 823.8
– diluted 1 146.9 1 812.9
Earnings per share f rom continuing operations (cents)    
– basic 907.2 801.9
– diluted 904.6 797.1
Earnings per share f rom discontinued operation (cents)    
– basic 243.0 1 021.9
– diluted 242.3 1 015.8

Statement of Cash Flows

  2019
Rm
2018
Rm
CASH FLOWS FROM OPERATING ACTIVITIES    
Cash receipts from customers 60 450 65 334
Cash paid to employees and suppliers (53 211) (59 288)
Cash generated from operations before investment in leasing and rental f leet 7 239 6 046
Fleet leasing and equipment rental fleet (1 118) (1 593)
Additions (2 940) (3 305)
Proceeds on disposal 1 822 1 713
Vehicles rental fleet (809) (631)
Additions (3 546) (3 921)
Proceeds on disposal 2 737 3 290
Cash generated from operations 5 312 3 822
Finance costs (1 134) (1 184)
Realised fair value adjustments on financial instruments (130) (140)
Dividends received from investments, associates and joint ventures 72 113
Interest received 204 148
Taxation paid (774) (1 058)
Cash inflow from operations 3 550 1 700
Dividends paid (including non-controlling interest) (1 057) (953)
Cash retained from operating activities 2 493 747
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of subsidiaries, investments and intangibles (54) (86)
Proceeds on disposal of subsidiaries (84) 2 342
Proceeds on disposal of investments and intangible assets 5  
Inflow/(outflow) of investment in leasing receivables 161 (53)
Acquisition of other property, plant and equipment (633) (618)
Replacement capital expenditure (154) (244)
Expansion capital expenditure (479) (374)
Proceeds on disposal of property, plant and equipment 119 306
Net cash (used in)/generated from investing activities (486) 1 891
Net cash inflow before financing activities 2 007 2 638