Summary consolidated statement of financial position
as at 28 February 2023
| US$’000 | Audited Year ended 28 February 2023 |
Audited Year ended 28 February 2022 |
||
| Assets | ||||
| Non-current assets | 610 565 | 613 155 | ||
| Goodwill | 245 375 | 262 606 | ||
| Property, plant and equipment | 33 054 | 32 517 | ||
| Right-of-use assets | 56 248 | 80 639 | ||
| Capitalised development expenditure | 31 723 | 29 351 | ||
| Acquired intangible assets and software | 16 086 | 28 132 | ||
| Investments | 6 457 | 13 454 | ||
| Deferred tax assets | 80 331 | 69 951 | ||
| Finance lease receivables | 12 681 | 20 573 | ||
| Other non-current assets, contract assets and contract costs | 128 610 | 75 932 | ||
| Current assets | 3 015 700 | 2 399 078 | ||
| Investments | 4 677 | – | ||
| Inventories | 411 059 | 309 227 | ||
| Trade receivables | 1 508 470 | 1 223 824 | ||
| Prepaid expenses and other receivables | 276 555 | 223 135 | ||
| Contract assets and contract costs | 202 566 | 156 058 | ||
| Current tax assets | 19 390 | 23 030 | ||
| Finance lease receivables | 8 300 | 9 878 | ||
| Cash resources | 584 683 | 453 926 | ||
| Total assets | 3 626 265 | 3 012 233 | ||
| Equity and liabilities | ||||
| Equity attributable to equity holders of the parent | 472 009 | 563 430 | ||
| Stated capital | 138 091 | 148 859 | ||
| Non-distributable reserves | 124 970 | 105 628 | ||
| Foreign currency translation reserve | (147 110) | (138 306) | ||
| Share-based payments reserve | 10 458 | 9 465 | ||
| Distributable reserves | 345 600 | 437 784 | ||
| Non-controlling interests | 60 331 | 67 516 | ||
| Total equity | 532 340 | 630 946 | ||
| Non-current liabilities | 224 284 | 229 112 | ||
| Long-term interest-bearing liabilities | 41 624 | 56 440 | ||
| Lease liabilities | 45 412 | 61 523 | ||
| Liability for share-based payments | 1 602 | 7 676 | ||
| Acquisition-related liabilities | 1 061 | 4 056 | ||
| Deferred tax liabilities | 29 366 | 28 096 | ||
| Deferred revenue | 27 415 | 21 464 | ||
| Provisions | 8 860 | 8 913 | ||
| Other liabilities | 68 944 | 40 944 | ||
| Current liabilities | 2 869 641 | 2 152 175 | ||
| Trade and other payables~ | 2 071 975 | 1 526 163 | ||
| Short-term interest-bearing liabilities | 380 862 | 266 617 | ||
| Lease liabilities | 27 005 | 32 870 | ||
| Deferred revenue | 160 806 | 134 638 | ||
| Provisions | 12 904 | 7 254 | ||
| Acquisition-related liabilities | 2 803 | 39 | ||
| Current tax liabilities | 16 924 | 18 035 | ||
| Bank overdrafts | 196 362 | 166 559 | ||
| Total equity and liabilities | 3 626 265 | 3 012 233 |
| ~ | Includes short-term liability for share-based payments of US$63.5 million (FY22: US$18.9 million). |
