Notes to the financial statements | Note 41

41. RESTATEMENT
 

Correction of understatement of trade and other receivables and trade and other payables

During the preparation of the Group's 2025 annual financial statements, and in the process of providing enhanced disclosure through further disaggregation of the credit risk note for trade receivables, the Group identified a matter relating to intercompany consolidation entries dating back to preceding financial years. This resulted in an understatement of both trade and other receivables and trade and other payables amounting to R190,5 million in each of the preceding years. The matter has been rectified in the current year's financial statements. Importantly, this adjustment does not impact headline earnings per share ("HEPS"), earnings per share ("EPS"), net asset value ("NAV") per share, or the statement of cash flows.

The following line items have been impacted as follows:

Restatement of financial position

Statement of financial position Notes 2024 – as
previously
reported
Rm		 Adjustment
Rm		 Restated
Rm
Current assets
Trade and other receivables 23.1/36 712 190 902
Total assets 10 444 190 10 634
Current liabilities
Trade and other payables 27/36 528 190 718
Total equity and liabilities 10 444 190 10 634

 

Statement of financial position Notes 2023 – as
previously
reported
Rm		 Adjustment
Rm		 Restated
Rm
Current assets
Trade and other receivables 23.1/36 911 190 1 101
Total assets 9 769 190 9 959
Current liabilities
Trade and other payables 27/36 647 190 837
Total equity and liabilities 9 769 190 9 959