Page 62 - SABN AR 2021

20. Cash generated from operations
2021
R’000
83 889
109 825
(689)
(40 522)
7
20 831
14 167
(7 671)
(2 513)
(66 243)
(3 353)
14 520
41 937
–
164 185
Profit/loss before taxation
Adjustments for:
Depreciation and amortisation (Profit)/loss on sale of assets Interest income
Finance cost
Movements in retirement benefits
Movements in provisions and staff accruals
Movements in post-employment remeasurement reserve
Unrealised (gains)/losses on foreign exchange
Changes in working capital:
Inventories
Trade and other receivables
Prepayments
Trade and other payables
Spare parts reallocated from property, plant and equipment to inventory
21. Capital commitments
Authorised capital expenditure
Authorised and contracted for Authorised and not contracted for
The expenditure will be financed from the SABN’s own resources.
2020
R’000
147 213
113 674 (397) (72 026) 2 (19 883) 8 957 34 247 6 504
(54 633) 1 078 (14 229) 6 038 4 389
160 934
64 492 311 201 375 693
114 890
273 905
388 795
22. Related parties
Relationships
Holding company
Fellow subsidiary
Fellow subsidiary
Retirement fund
Associate of holding company
Terms and conditions
South African Reserve Bank
Corporation for Public Deposits
South African Mint Company (RF) Proprietary Limited South African Reserve Bank Retirement Fund
African Bank Holdings Limited
The SABN is a wholly owned subsidiary of the SARB. All transactions with the SARB are based on contractual agreements. All other related party transactions are at arm’s length.
(61 000)
(742 000)
–
705 804
South African Reserve Bank
Share capital Shareholder’s loan Accounts receivable
Corporation for Public Deposits
Short-term deposits
(61 000) (742 000) 5 199
596 968
South African Bank Note Company (RF) Proprietary Limited
62
Annual Report 2021