Summarised consolidated statement of financial position
as at 29 February 2020
| US$'000 | Audited Year ended February 2020 |
Audited Year ended February 2019 |
||
|---|---|---|---|---|
| ASSETS | ||||
| Non-current assets | 512 598 | 437 786 | ||
| Goodwill | 241 369 | 234 551 | ||
| Property, plant and equipment | 43 300 | 60 306 | ||
| Right-of-use assets | 83 953 | – | ||
| Capitalised development expenditure | 19 908 | 12 711 | ||
| Acquired intangible assets and software | 30 002 | 37 615 | ||
| Investments | 10 908 | 22 382 | ||
| Deferred tax assets | 46 544 | 52 134 | ||
| Finance lease receivables | 27 111 | 13 363 | ||
| Sundry receivables and contract costs | 9 503 | 4 724 | ||
| Current assets | 2 083 928 | 2 284 521 | ||
| Investments | 5 842 | – | ||
| Inventories | 253 271 | 332 256 | ||
| Trade receivables | 1 110 510 | 1 258 853 | ||
| Prepaid expenses and other receivables | 237 311 | 232 965 | ||
| Contract assets and contract costs | 105 133 | 98 798 | ||
| Current tax assets | 16 091 | 11 442 | ||
| Finance lease receivables | 8 581 | 5 807 | ||
| Cash and cash equivalents | 347 189 | 344 400 | ||
| Total assets | 2 596 526 | 2 722 307 | ||
| EQUITY AND LIABILITIES | ||||
| Equity attributable to equity holders of the parent | 572 315 | 648 927 | ||
| Stated capital | 113 123 | 172 998 | ||
| Non-distributable reserves | 101 861 | 85 614 | ||
| Foreign currency translation reserve | (134 802) | (102 527) | ||
| Share-based payment reserve | 9 041 | 7 828 | ||
| Distributable reserves | 483 092 | 485 014 | ||
| Non-controlling interests | 70 778 | 63 303 | ||
| Total equity | 643 093 | 712 230 | ||
| Non-current liabilities | 187 610 | 100 805 | ||
| Long-term interest-bearing liabilities | 18 638 | 9 450 | ||
| Lease liabilities | 95 148 | 21 933 | ||
| Liability for share-based payments | 5 595 | 1 888 | ||
| Amounts owing to vendors | 2 052 | 1 393 | ||
| Deferred tax liabilities | 26 127 | 28 616 | ||
| Deferred revenue | 28 980 | 26 506 | ||
| Provisions | 11 070 | 11 019 | ||
| Current liabilities | 1 765 823 | 1 909 272 | ||
| Trade and other payables | 1 259 013 | 1 358 928 | ||
| Short-term interest-bearing liabilities | 75 145 | 100 702 | ||
| Lease liabilities | 34 325 | 9 049 | ||
| Contract liabilities | 4 197 | 3 476 | ||
| Deferred revenue | 100 893 | 98 788 | ||
| Provisions | 8 335 | 17 548 | ||
| Amounts owing to vendors | 3 438 | 936 | ||
| Current tax liabilities | 16 677 | 15 826 | ||
| Bank overdrafts | 263 800 | 304 019 | ||
| Total equity and liabilities | 2 596 526 | 2 722 307 |