Notes to the consolidated and separate annual financial statements | Note 42

42. Restatement due to change in presentation in the statement of cash flows
 

The comparative of the Company has been restated to correct the presentation of the loan to subsidiary. The loan to subsidiary was incorrectly presented as a net cash flow movement from investing activities and has now been reclassified to present the gross cash flows for the repayment and advancement of the loan to subsidiary. The restatement has no impact on the loan to subsidiary. In addition, the restatement has no impact on the statement of financial position, statement of profit and loss and other comprehensive income and statement of changes in equity. The previous presentation was restated as follows:

Statement of cash flows (extract) Company
R'000 Previously
reported
31 Dec 2023		 Restatement  Currently 
reported 
31 Dec 2023 
Cash flows from investing activities
Settlement of loan to subsidiary 22 572 (22 572) – 
Loan to subsidiary – repaid by subsidiary – 48 670  48 670 
Loan to subsidiary – advanced by company – (26 098) (26 098)
Total 22 572 –  22 572