The three primary statements are reproduced below in summary form for ready reference. All figures in ZAR millions. The balance sheet ties in every year (total assets equal total liabilities plus equity), verified by assertion in the model.
D.1 Income statement
|
ZAR m |
Y1 |
Y2 |
Y3 |
Y4 |
Y5 |
|---|---|---|---|---|---|
|
Revenue |
145 |
330 |
690 |
1,180 |
1,820 |
|
EBITDA |
22 |
68 |
165 |
338 |
562 |
|
Depreciation |
(47) |
(67) |
(76) |
(76) |
(76) |
|
EBIT |
-25 |
1 |
89 |
262 |
486 |
|
Interest |
(46) |
(72) |
(84) |
(74) |
(63) |
|
Profit before tax |
-71 |
-70 |
5 |
188 |
423 |
|
Tax |
(0) |
(0) |
(0) |
(14) |
(114) |
|
Net profit after tax |
-71 |
-70 |
4 |
175 |
309 |
D.2 Cash-flow statement
|
ZAR m |
Y1 |
Y2 |
Y3 |
Y4 |
Y5 |
|---|---|---|---|---|---|
|
Operating cash flow |
-60 |
-49 |
-7 |
131 |
229 |
|
Investing cash flow |
-742 |
-286 |
-132 |
-0 |
-0 |
|
Financing cash flow |
688 |
375 |
92 |
-146 |
-186 |
|
Net cash flow |
-114 |
40 |
-47 |
-15 |
42 |
|
Closing cash |
-114 |
-74 |
-121 |
-136 |
-94 |
D.3 Balance sheet
|
ZAR m |
Y1 |
Y2 |
Y3 |
Y4 |
Y5 |
|---|---|---|---|---|---|
|
Net fixed assets |
695 |
914 |
970 |
894 |
819 |
|
Inventory |
26 |
60 |
125 |
213 |
329 |
|
Receivables |
18 |
41 |
85 |
145 |
224 |
|
Cash |
-114 |
-74 |
-121 |
-136 |
-94 |
|
Total assets |
625 |
940 |
1,059 |
1,117 |
1,278 |
|
Senior debt |
413 |
638 |
656 |
563 |
469 |
|
Payables |
9 |
20 |
42 |
71 |
110 |
|
Share capital |
275 |
425 |
500 |
500 |
500 |
|
Retained earnings |
-71 |
-142 |
-139 |
-16 |
200 |
|
Total liab. + equity |
625 |
940 |
1,059 |
1,117 |
1,278 |