Investor Presentaiton
Adjusted headline loss
Adjusting for civil
unrest and liquor bans
Continuing operations
Rm
Headline loss - Reported*
Add: inventory write-offs, net of tax**
.
PP&E impairments:
SAICA Circular adjustment
Inventory write-off:
Not a SAICA Circular adjustment
Dec 2021
(980.2)
699.0
(452.2)
Dec 2020
(831.0)
% Variance
(18.0)
100.0
Less: proceeds on inventory write-offs, net of tax**
(100.0)
Add: estimated lost sales margin from Liquor ban, net of tax*
***
115.2
100.0
Add: estimated lost sales margin from civil unrest, net of tax*
Adjusted headline loss
**
225.5
100.0
Adjusted HEPS
(392.7)
(181.7)
(831.0)
52.7
(383.7)
52.6
* PP&E impairments (civil unrest) net of insurance added back in terms of SAICA Circular
** Not a headline earnings adjustment as per SAICA Circular
*** Refer to additional information for Management assumptions used
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