Annual financial statistics (AFS)
Transcript of Annual financial statistics (AFS)
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STATISTICAL RELEASE P0021
Annual financial statistics (AFS)
2019
Embargoed until: 17 December 2020
12:00 ENQUIRIES: FORTHCOMING ISSUE: EXPECTED RELEASE DATE: User Information Services AFS 2020 November 2021 +27 12 310 8600
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Annual financial statistics (AFS), 2019
Contents
Key findings .................................................................................................................................. 3
Figure 1 – Comparison of turnover per industry between 2018 and 2019 ........................................................ 4
Figure 2 – Percentage contribution per industry to total turnover for 2018 . ………………………………………5
Figure 3 – Percentage contribution per industry to total turnover for 2019 …………………………………...….5
Figure 4 – Time series of turnover per industry from 2001 to 2019 .................................................................. 6
Figure 5 – Time series of turnover per industry from 2001 to 2019 .................................................................. 7
Tables ............................................................................................................................................ 8
All industries
Table 1.1 - Selected income and expenditure items ......................................................................................... 8
Table 1.2 - Selected financial position items ................................................................................................... 10
Table 1.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 11
Forestry and fishing
Table 2.1 - Selected income and expenditure items ....................................................................................... 13
Table 2.2 - Selected financial position items ................................................................................................... 15
Table 2.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 16
Mining and quarrying
Table 3.1 - Selected income and expenditure items ....................................................................................... 18
Table 3.2 - Selected financial position items ................................................................................................... 20
Table 3.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 21
Manufacturing
Table 4.1 - Selected income and expenditure items ....................................................................................... 23
Table 4.2 - Selected financial position items ................................................................................................... 25
Table 4.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 26
Electricity, gas and water supply
Table 5.1 - Selected income and expenditure items ....................................................................................... 28
Table 5.2 - Selected financial position items ................................................................................................... 30
Table 5.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 31
Construction
Table 6.1 - Selected income and expenditure items ....................................................................................... 33
Table 6.2 - Selected financial position items ................................................................................................... 35
Table 6.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 36
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Trade
Table 7.1 - Selected income and expenditure items ....................................................................................... 38
Table 7.2 - Selected financial position items ................................................................................................... 40
Table 7.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 41
Transport, storage and communication
Table 8.1 - Selected income and expenditure items ....................................................................................... 43
Table 8.2 - Selected financial position items ................................................................................................... 45
Table 8.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 46
Activities auxiliary to financial intermediation, real estate and other business services
Table 9.1 - Selected income and expenditure items ....................................................................................... 48
Table 9.2 - Selected financial position items ................................................................................................... 50
Table 9.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 51
Community, social and personal services
Table 10.1 - Selected income and expenditure items...................................................................................... 53
Table 10.2 - Selected financial position items ................................................................................................. 55
Table 10.3 - Carrying value of property, plant and equipment and intangible assets ..................................... 56
Table 11 - Comparison of selected operating ratios between 2018 and 2019 ................................................ 58
Technical notes ...........................................................................................................................60
Table A – Estimates of turnover by industry within 95% confidence limits: 2018 and 2019 ............................ 61
Table B – Turnover by industry for 2018 and 2019 percentage contribution ................................................... 62
Table C – Turnover by industry and percentage change ................................................................................. 62
Table D – Purchases by industry and percentage change .............................................................................. 63
Table E – Employment cost by industry and percentage change .................................................................... 63
Table F – Capital expenditure by industry and percentage change ................................................................ 64
Table G – Carrying value of property, plant and equipment and intangible assets by industry and
percentage change ......................................................................................................................... 64
Table H – Number of enterprises per industry ................................................................................................. 65
Table I – Department of Trade, Industry and Competition (DTIC) cut-off points ............................................. 66
Explanatory notes .......................................................................................................................67
Glossary .......................................................................................................................................71
Technical enquiries .....................................................................................................................74
General information ....................................................................................................................75
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Key findings
The total turnover of annual financial statistics (AFS) industries1 was estimated at R10 496 685 million (R10,5 trillion) for 2019, an increase of 5,6% compared with the revised estimate of R9 942 461 million (R9,9 trillion) for 2018. Between 2018 and 2019 turnover increased in all of the nine industries covered by the survey. The largest percentage increase was reported in mining and quarrying (+12,4%), followed by activities auxiliary to financial intermediation, real estate and other business services2 (+7,8%), forestry and fishing (+7,6%), manufacturing (+7,2%), community, social and personal services3 (+4,8%), electricity, gas and water supply (+4,0%), transport, storage and communication (+3,9%), trade (+3,7%) and construction (+1,1%).
Purchases amounted to R6 254 177 million in 2019, representing an increase of 6,6% compared with the revised estimate for 2018. Electricity, gas and water supply reported the largest increase (+20,1%), followed by mining and quarrying (+16,9%), forestry and fishing (+9,9%), activities auxiliary to financial intermediation, real estate and other business services2 (+9,3%), manufacturing (+8,1%), community, social and personal services3 (+6,0%), trade (+4,8%), transport, storage and communication (+3,6%) and construction (+1,3%). Employment cost amounted to R1 438 621 million in 2019, representing an increase of 3,6% compared with the revised estimate for 2018. Electricity, gas and water supply reported the largest increase (+12,1%), followed by community, social and personal services3 (+8,1%), mining and quarrying (+5,7%), trade (+4,7%), manufacturing (+3,6%), forestry and fishing (+3,1%), activities auxiliary to financial intermediation, real estate and other business services2 (+2,0%) and transport, storage and communication (+1,7%). A decrease was reported for construction (-2,0%). Capital expenditure on assets amounted to R475 732 million in 2019, representing a decrease of 3,3% compared with the revised estimate for 2018. The largest decrease was reported for electricity, gas and water supply (-27,7%), followed by construction (-23,7%), transport, storage and communication (-4,9%), trade (-1,1%) and forestry and fishing (-0,6%). Increases were reported for mining and quarrying (+12,9%), community, social and personal services3 (+9,5%), manufacturing (+4,1%) and activities auxiliary to financial intermediation, real estate and other business services2 (+0,3%). The carrying value of property, plant and equipment and intangible assets amounted to R3 407 427 million in 2019, a decrease of 0,7% compared with the revised estimate for 2018. The largest decrease was reported for electricity, gas and water supply (-13,2%), followed by community, social and personal services3 (-2,3%) and transport, storage and communication (-0,4%). Increases were reported for forestry and fishing (+11,7%), construction (+10,8%), mining and quarrying (+6,9%), manufacturing (+6,9%), activities auxiliary to financial intermediation, real estate and other business services2 (+6,8%) and trade (+0,2%). 1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services
not elsewhere classified, government and educational institutions. 2Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified. 3Excluding government and educational institutions.
Risenga Maluleke Statistician-General
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Annual financial statistics (AFS), 2019
Figure 1 – Comparison of turnover per industry between 2018 and 2019
SIC 1 - Forestry and fishing
SIC 2 - Mining and quarrying
SIC 3 - Manufacturing
SIC 4 - Electricity, gas and water supply
SIC 5 - Construction
SIC 6 - Trade
SIC 7 - Transport, storage and communication
SIC 8 - Activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance, pension funding and business services not elsewhere classified)
SIC 9 - Community, social and personal services (excluding government and educational institutions)
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Annual financial statistics (AFS), 2019
Figure 2 – Percentage contribution per industry to total turnover for 20181 Figure 3 – Percentage contribution per industry to total turnover for 20191
1The aggregates of the SIC contributions may not add up to totals due to rounding-off.
SIC 1 - Forestry and fishing
SIC 2 - Mining and quarrying
SIC 3 - Manufacturing
SIC 4 - Electricity, gas and water supply
SIC 5 - Construction
SIC 6 - Trade
SIC 7 - Transport, storage and communication
SIC 8 - Activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance, pension funding and business services not elsewhere classified)
SIC 9 - Community, social and personal services (excluding government and educational institutions)
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Figure 4 – Time series of turnover per industry from 2001 to 2019
SIC 1 - Forestry and fishing
SIC 4 - Electricity, gas and water supply
SIC 5 - Construction
SIC 9 - Community, social and personal services (excluding government and educational institutions)
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Annual financial statistics (AFS), 2019
Figure 5 – Time series of turnover per industry from 2001 to 2019
SIC 2 - Mining and quarrying
SIC 3 - Manufacturing
SIC 6 - Trade
SIC 7 - Transport, storage and communication
SIC 8 - Activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance, pension funding and business services not elsewhere classified)
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Detailed results Tables
Table 1.1 - Selected income and expenditure items: All industries1
Item
R million
20182 20193
Difference between 2018 and
2019
Income
Turnover 9 942 461 10 496 685 554 224
Dividends 104 729 93 763 -10 966
Government subsidies and incentives 34 263 35 434 1 171
Capital transfers received from government 6 067 5 746 -321
Interest 124 682 127 759 3 077
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
83 528 78 249 -5 279
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
10 961 6 783 -4 178
Profit on foreign transactions resulting from changes in foreign exchange rates
48 518 61 586 13 068
Provisions 4 141 6 957 2 816
Research and development 2 990 2 979 -11
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
10 278 10 065 -213
Other 120 228 131 836 11 608
Total income (A) 10 492 846 11 057 842 564 996
Inventories
Opening value of raw materials 221 763 235 896 14 133
Opening value of work in progress 120 144 178 222 58 078
Opening value of finished goods 568 957 618 458 49 501
Total opening value (B) 910 864 1 032 576 121 712
Closing value of raw materials 230 332 255 063 24 731
Closing value of work in progress 135 525 187 935 52 410
Closing value of finished goods 611 950 667 206 55 256
Total closing value (C) 977 807 1 110 204 132 397
1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services
not elsewhere classified, government and educational institutions. 2Revised. 3Preliminary.
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Annual financial statistics (AFS), 2019
Table 1.1 - Selected income and expenditure items: All industries1 (concluded)
Item
R million
20182 20193
Difference between 2018 and
2019
Expenditure
Purchases 5 868 099 6 254 177 386 078
Advertising 67 655 76 465 8 810
Amortisation 24 802 26 604 1 802
Bank charges 16 255 17 076 821
Bursaries 1 162 1 197 35
Computer expenses 28 495 30 031 1 536
Containers and packaging materials 15 760 16 567 807
Depreciation 251 763 270 896 19 133
Donations, sponsorships and social investment 8 449 8 994 545
Employment cost4 1 388 556 1 438 621 50 065
Excise and customs duty 167 458 173 683 6 225
Information technology (IT) security services 5 817 7 256 1 439
Insurance premiums 41 005 40 746 -259
Interest 252 983 262 012 9 029
Leasing and hiring of plant, machinery, equipment and vehicles 53 589 54 844 1 255
Losses on foreign transactions resulting from changes in foreign exchange rates
40 919 68 953 28 034
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
4 037 2 534 -1 503
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
184 839 128 549 -56 290
Mineral rights leased 5 2 -3
Motor vehicle running expenses 57 270 61 833 4 563
Paper, printing and stationery 10 092 10 035 -57
Postal and courier services 4 173 5 154 981
Property tax 7 262 10 092 2 830
Provisions 10 392 12 140 1 748
Railage and transport-out 103 283 113 821 10 538
Rental of land, buildings and other structures including water and electricity
266 831 288 134 21 303
Repair and maintenance 115 045 126 399 11 354
Research and development 7 195 7 935 740
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
50 063 53 120 3 057
Security services 21 574 22 879 1 305
Staff training 8 141 8 988 847
Subcontractors 176 961 176 602 -359
Telecommunication services 22 713 21 353 -1 360
Travelling, accommodation and entertainment 41 429 43 950 2 521
Other 618 966 671 595 52 629
Total expenditure (D) 9 943 038 10 513 237 570 199
Net profit before providing for company tax and dividends (E)5 616 751 622 233 5 482
Company tax paid or provided for during the financial year 156 028 154 686 -1 342
Dividends paid or provided for during the financial year 214 514 244 021 29 507
Net profit after providing for company tax and dividends 246 209 223 526 -22 683
1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services
not elsewhere classified, government and educational institutions. 2Revised. 3Preliminary. 4Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 5E=A-B+C-D.
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Annual financial statistics (AFS), 2019
Table 1.2 - Selected financial position items: All industries1
Item
R million
20182 20193
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 3 431 836 3 407 427 -24 409
Long-term investments 2 743 288 3 100 385 357 097
Other non-current assets 450 342 520 296 69 954
Total non-current assets 6 625 466 7 028 108 402 642
Current assets
Trade and other receivables 1 367 027 1 483 599 116 572
Cash and cash equivalents 726 141 721 302 -4 839
Inventory 977 807 1 110 204 132 397
Other current assets 828 124 841 905 13 781
Total current assets 3 899 099 4 157 010 257 911
Total assets 10 524 565 11 185 118 660 553
Equity and liabilities
Total equity 3 479 825 3 813 201 333 376
Non-current liabilities
Long-term loans 2 294 431 2 329 637 35 206
Other non-current liabilities 1 333 022 1 515 585 182 563
Total non-current liabilities 3 627 453 3 845 222 217 769
Current liabilities
Trade and other payables 1 588 873 1 663 840 74 967
Bank overdraft 113 695 121 136 7 441
Other current liabilities 1 714 719 1 741 719 27 000
Total current liabilities 3 417 287 3 526 695 109 408
Total liabilities 7 044 740 7 371 917 327 177
Total equity and liabilities 10 524 565 11 185 118 660 553
1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services
not elsewhere classified, government and educational institutions. 2Revised. 3Preliminary.
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Annual financial statistics (AFS), 2019
Table 1.3 - Carrying value of property, plant and equipment and intangible assets: All industries1
20182
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the financial
year
(A) (B) (C) (D) (E) (F) (G)3
Tangible assets
Land 83 723 8 219 1 625 446 -201 861 89 701
Residential buildings 21 838 1 923 787 -45 277 616 22 590
Non-residential buildings 345 054 23 369 4 066 3 064 4 954 9 651 362 724
Construction works, roads and parking areas 173 167 14 365 941 3 425 7 557 10 236 187 337
Land improvements 2 379 403 92 269 -78 323 2 558
Network equipment 87 469 23 739 920 300 3 204 16 729 97 063
Computers and other IT equipment 91 718 10 224 972 55 8 672 13 578 96 119
Motor vehicles and other transport equipment 244 184 56 167 10 188 2 592 16 799 44 570 264 984
Plant, machinery and other office equipment 1 336 061 145 386 16 539 -19 228 149 408 146 089 1 448 999
Capital work in progress 462 695 156 774 3 150 -28 834 -201 710 867 384 908
Other property, plant and equipment 122 323 18 370 3 050 -4 869 -1 937 11 648 119 189
Intangible assets
Computer software 37 215 9 586 449 1 335 1 413 10 164 38 936
Databases 1 577 77 16 0 0 297 1 341
Mineral exploration 30 333 4 029 91 -1 203 -80 1 219 31 769
Patents and trademarks 25 992 1 861 97 -925 1 216 2 926 25 121
Goodwill and marketing assets 177 073 7 192 3 707 -8 872 -745 2 795 168 146
Research and development 9 443 1 993 117 3 -208 975 10 139
Entertainment, literary and artistic originals 813 234 0 0 0 191 856
Contracts, leases and licences 45 737 2 519 111 -63 -604 3 477 44 001
Capital work in progress 4 006 2 285 31 -230 -2 579 228 3 223
Other intellectual property and products 32 401 3 033 914 222 -79 2 531 32 132
Total 3 335 201 491 748 47 863 -52 558 -14 721 279 971 3 431 836
1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services not elsewhere classified, government and educational institutions. 2Revised. 3G=A+B-C+D+E-F.
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Annual financial statistics (AFS), 2019
Table 1.3 - Carrying value of property, plant and equipment and intangible assets: All industries (concluded)1
20192
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the financial
year
(A) (B) (C) (D) (E) (F) (G)3
Tangible assets
Land 82 568 7 145 4 065 713 798 889 86 270
Residential buildings 25 309 4 491 167 98 128 653 29 206
Non-residential buildings 384 686 17 591 9 001 -224 7 396 10 942 389 506
Construction works, roads and parking areas 190 450 12 964 679 -23 744 2 332 10 290 171 033
Land improvements 2 608 646 43 -35 165 393 2 948
Network equipment 97 298 23 036 297 -1 469 1 514 17 389 102 693
Computers and other IT equipment 97 067 9 931 912 198 718 14 288 92 714
Motor vehicles and other transport equipment 262 923 53 700 10 719 1 508 9 981 46 237 271 156
Plant, machinery and other office equipment 1 334 358 166 291 21 502 -1 355 27 593 162 606 1 342 779
Capital work in progress 387 007 125 836 4 129 -18 588 -63 828 1 375 424 923
Other property, plant and equipment 125 390 19 480 4 511 -3 718 3 684 12 443 127 882
Intangible assets
Computer software 41 350 12 918 854 184 1 217 11 451 43 364
Databases 1 479 201 0 8 0 307 1 381
Mineral exploration 36 010 442 330 -680 3 1 068 34 377
Patents and trademarks 27 649 5 035 1 781 -1 240 1 001 3 138 27 526
Goodwill and marketing assets 171 723 5 355 3 133 -9 365 309 2 371 162 518
Research and development 10 113 2 467 95 -35 -8 1 220 11 222
Entertainment, literary and artistic originals 68 79 0 0 0 5 142
Contracts, leases and licences 56 394 2 724 1 136 -2 014 457 4 415 52 010
Capital work in progress 5 631 2 283 145 -356 -2 420 158 4 835
Other intellectual property and products 31 495 3 117 257 -2 333 -608 2 472 28 942
Total 3 371 576 475 732 63 756 -62 447 -9 568 304 110 3 407 427
1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services not elsewhere classified, government and educational institutions. 2Preliminary. 3G=A+B-C+D+E-F.
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Annual financial statistics (AFS), 2019
Table 2.1 - Selected income and expenditure items: Forestry and fishing
Item
R million
20181 20192
Difference between 2018 and
2019
Income
Turnover 33 909 36 501 2 592
Dividends 101 311 210
Government subsidies and incentives 699 709 10
Capital transfers received from government 0 0 0
Interest 206 335 129
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
1 915 2 811 896
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
1 0 -1
Profit on foreign transactions resulting from changes in foreign exchange rates
93 100 7
Provisions 6 2 -4
Research and development 0 0 0
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
3 4 1
Other 707 643 -64
Total income (A) 37 640 41 416 3 776
Inventories
Opening value of raw materials 987 1 277 290
Opening value of work in progress 331 295 -36
Opening value of finished goods 1 707 1 565 -142
Total opening value (B) 3 025 3 137 112
Closing value of raw materials 1 180 1 699 519
Closing value of work in progress 339 318 -21
Closing value of finished goods 1 594 1 702 108
Total closing value (C) 3 113 3 719 606
1Revised. 2Preliminary.
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Annual financial statistics (AFS), 2019
Table 2.1 - Selected income and expenditure items: Forestry and fishing (concluded)
Item
R million
20181 20192
Difference between 2018 and
2019
Expenditure
Purchases 16 581 18 225 1 644
Advertising 101 105 4
Amortisation 39 35 -4
Bank charges 42 44 2
Bursaries 0 0 0
Computer expenses 21 22 1
Containers and packaging materials 88 104 16
Depreciation 1 543 1 638 95
Donations, sponsorships and social investment 29 20 -9
Employment cost3 6 615 6 819 204
Excise and customs duty 34 39 5
Information technology (IT) security services 13 18 5
Insurance premiums 231 248 17
Interest 1 071 1 124 53
Leasing and hiring of plant, machinery, equipment and vehicles 226 266 40
Losses on foreign transactions resulting from changes in foreign exchange rates
113 55 -58
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
1 0 -1
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
822 850 28
Mineral rights leased 0 0 0
Motor vehicle running expenses 348 371 23
Paper, printing and stationery 24 24 0
Postal and courier services 9 9 0
Property tax 8 8 0
Provisions 30 58 28
Railage and transport-out 799 774 -25
Rental of land, buildings and other structures including water and electricity
560 588 28
Repair and maintenance 1 456 1 707 251
Research and development 11 17 6
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
58 67 9
Security services 71 61 -10
Staff training 84 95 11
Subcontractors 276 249 -27
Telecommunication services 57 59 2
Travelling, accommodation and entertainment 108 100 -8
Other 3 133 3 354 221
Total expenditure (D) 34 602 37 153 2 551
Net profit before providing for company tax and dividends (E)4 3 126 4 845 1 719
Company tax paid or provided for during the financial year 720 1 164 444
Dividends paid or provided for during the financial year 1 404 4 777 3 373
Net profit after providing for company tax and dividends 1 002 -1 096 -2 098
1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.
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Annual financial statistics (AFS), 2019
Table 2.2 - Selected financial position items: Forestry and fishing
Item
R million
20181 20192
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 14 276 15 944 1 668
Long-term investments 3 691 4 515 824
Other non-current assets 15 091 15 988 897
Total non-current assets 33 058 36 447 3 389
Current assets
Trade and other receivables 5 663 6 386 723
Cash and cash equivalents 2 267 2 753 486
Inventory 3 113 3 719 606
Other current assets 6 018 5 205 -813
Total current assets 17 061 18 063 1 002
Total assets 50 119 54 510 4 391
Equity and liabilities
Total equity 22 345 26 698 4 353
Non-current liabilities
Long-term loans 8 231 10 374 2 143
Other non-current liabilities 7 227 7 723 496
Total non-current liabilities 15 458 18 097 2 639
Current liabilities
Trade and other payables 4 460 5 460 1 000
Bank overdraft 377 512 135
Other current liabilities 7 479 3 743 -3 736
Total current liabilities 12 316 9 715 -2 601
Total liabilities 27 774 27 812 38
Total equity and liabilities 50 119 54 510 4 391
1Revised. 2Preliminary.
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Annual financial statistics (AFS), 2019
Table 2.3 - Carrying value of property, plant and equipment and intangible assets: Forestry and fishing
20181
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 1 351 80 77 45 0 4 1 395
Residential buildings 83 2 0 0 0 0 85
Non-residential buildings 1 871 121 3 27 118 111 2 023
Construction works, roads and parking areas 178 1 1 0 0 5 173
Land improvements 2 0 0 0 0 0 2
Network equipment 0 0 0 0 0 0 0
Computers and other IT equipment 27 12 0 0 3 14 28
Motor vehicles and other transport equipment 1 768 710 48 23 0 325 2 128
Plant, machinery and other office equipment 7 277 587 188 -343 661 1 025 6 969
Capital work in progress 670 908 6 143 -860 0 855
Other property, plant and equipment 229 32 3 0 73 72 259
Intangible assets
Computer software 9 1 0 0 0 4 6
Databases 0 0 0 0 0 0 0
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 22 0 0 0 0 1 21
Goodwill and marketing assets 90 0 0 0 0 6 84
Research and development 0 0 0 0 0 0 0
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 194 0 0 0 0 28 166
Capital work in progress 0 0 0 0 0 0 0
Other intellectual property and products 85 0 0 -3 0 0 82
Total 13 856 2 454 326 -108 -5 1 595 14 276
1Revised. 2G=A+B-C+D+E-F.
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Annual financial statistics (AFS), 2019
Table 2.3 - Carrying value of property, plant and equipment and intangible assets: Forestry and fishing (concluded)
20191
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 1 770 129 16 62 0 5 1 940
Residential buildings 104 2 0 0 0 0 106
Non-residential buildings 2 196 99 44 12 88 114 2 237
Construction works, roads and parking areas 57 15 2 0 10 6 74
Land improvements 2 0 0 0 0 0 2
Network equipment 0 0 0 0 0 0 0
Computers and other IT equipment 26 26 2 0 0 15 35
Motor vehicles and other transport equipment 2 420 422 217 -18 15 389 2 233
Plant, machinery and other office equipment 7 061 760 128 -78 731 1 044 7 302
Capital work in progress 820 939 0 -7 -884 0 868
Other property, plant and equipment 264 31 7 0 40 82 246
Intangible assets
Computer software 6 1 0 0 0 2 5
Databases 0 0 0 0 0 0 0
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 21 0 0 0 0 1 20
Goodwill and marketing assets 562 2 0 0 0 1 563
Research and development 0 0 0 0 0 0 0
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 235 8 0 0 0 31 212
Capital work in progress 0 6 0 0 0 0 6
Other intellectual property and products 95 0 0 0 0 0 95
Total 15 639 2 440 416 -29 0 1 690 15 944
1Preliminary. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 18 P0021
Annual financial statistics (AFS), 2019
Table 3.1 - Selected income and expenditure items: Mining and quarrying
Item
R million
20181 20192
Difference between 2018 and
2019
Income
Turnover 667 413 750 489 83 076
Dividends 11 359 13 174 1 815
Government subsidies and incentives 1 7 6
Capital transfers received from government 0 0 0
Interest 9 699 10 133 434
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
14 877 15 985 1 108
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
5 426 4 406 -1 020
Profit on foreign transactions resulting from changes in foreign exchange rates
7 466 6 398 -1 068
Provisions 1 013 501 -512
Research and development 0 0 0
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
472 1 566 1 094
Other 12 277 14 844 2 567
Total income (A) 730 003 817 503 87 500
Inventories
Opening value of raw materials 17 208 17 338 130
Opening value of work in progress 24 299 27 791 3 492
Opening value of finished goods 27 401 32 971 5 570
Total opening value (B) 68 908 78 100 9 192
Closing value of raw materials 17 165 20 206 3 041
Closing value of work in progress 27 738 39 315 11 577
Closing value of finished goods 32 978 39 043 6 065
Total closing value (C) 77 881 98 564 20 683
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 19 P0021
Annual financial statistics (AFS), 2019
Table 3.1 - Selected income and expenditure items: Mining and quarrying (concluded)
Item
R million
20181 20192
Difference between 2018 and
2019
Expenditure
Purchases 258 893 302 611 43 718
Advertising 705 749 44
Amortisation 2 427 3 471 1 044
Bank charges 198 202 4
Bursaries 51 46 -5
Computer expenses 858 923 65
Containers and packaging materials 312 332 20
Depreciation 45 045 45 333 288
Donations, sponsorships and social investment 745 732 -13
Employment cost3 131 363 138 906 7 543
Excise and customs duty 23 43 20
Information technology (IT) security services 316 417 101
Insurance premiums 1 476 1 763 287
Interest 23 513 23 414 -99
Leasing and hiring of plant, machinery, equipment and vehicles 4 774 6 027 1 253
Losses on foreign transactions resulting from changes in foreign exchange rates
5 137 5 680 543
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
1 168 1 134 -34
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
66 812 35 191 -31 621
Mineral rights leased 5 2 -3
Motor vehicle running expenses 1 183 1 164 -19
Paper, printing and stationery 204 223 19
Postal and courier services 30 28 -2
Property tax 91 113 22
Provisions 1 958 2 425 467
Railage and transport-out 28 355 32 579 4 224
Rental of land, buildings and other structures including water and electricity
29 324 32 652 3 328
Repair and maintenance 13 804 15 230 1 426
Research and development 679 739 60
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
7 155 8 504 1 349
Security services 1 067 1 191 124
Staff training 635 632 -3
Subcontractors 24 210 26 783 2 573
Telecommunication services 270 271 1
Travelling, accommodation and entertainment 762 758 -4
Other 60 184 65 496 5 312
Total expenditure (D) 713 732 755 764 42 032
Net profit before providing for company tax and dividends (E)4 25 244 82 203 56 959
Company tax paid or provided for during the financial year 15 937 25 069 9 132
Dividends paid or provided for during the financial year 16 886 30 317 13 431
Net profit after providing for company tax and dividends -7 579 26 817 34 396
1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.
STATISTICS SOUTH AFRICA 20 P0021
Annual financial statistics (AFS), 2019
Table 3.2 - Selected financial position items: Mining and quarrying
Item
R million
20181 20192
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 513 398 548 984 35 586
Long-term investments 298 802 315 652 16 850
Other non-current assets 21 036 22 729 1 693
Total non-current assets 833 236 887 365 54 129
Current assets
Trade and other receivables 103 011 115 055 12 044
Cash and cash equivalents 45 349 49 865 4 516
Inventory 77 881 98 564 20 683
Other current assets 79 344 72 828 -6 516
Total current assets 305 585 336 312 30 727
Total assets 1 138 821 1 223 677 84 856
Equity and liabilities
Total equity 434 613 461 290 26 677
Non-current liabilities
Long-term loans 224 936 230 508 5 572
Other non-current liabilities 182 799 205 426 22 627
Total non-current liabilities 407 735 435 934 28 199
Current liabilities
Trade and other payables 113 952 127 575 13 623
Bank overdraft 1 889 4 118 2 229
Other current liabilities 180 632 194 760 14 128
Total current liabilities 296 473 326 453 29 980
Total liabilities 704 208 762 387 58 179
Total equity and liabilities 1 138 821 1 223 677 84 856
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 21 P0021
Annual financial statistics (AFS), 2019
Table 3.3 - Carrying value of property, plant and equipment and intangible assets: Mining and quarrying
20181
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 8 496 1 284 45 67 125 503 9 424
Residential buildings 4 947 115 45 -86 19 331 4 619
Non-residential buildings 18 964 1 258 74 -375 420 869 19 324
Construction works, roads and parking areas 76 492 5 398 28 -3 728 3 528 4 463 77 199
Land improvements 673 37 1 213 -21 55 846
Network equipment 2 0 0 0 13 9 6
Computers and other IT equipment 639 261 5 66 67 279 749
Motor vehicles and other transport equipment 12 710 2 370 286 246 975 3 145 12 870
Plant, machinery and other office equipment 238 898 23 720 1 666 -19 747 8 607 29 491 220 321
Capital work in progress 51 389 23 353 63 -10 441 -14 070 435 49 733
Other property, plant and equipment 64 872 10 046 134 -4 356 -2 444 6 116 61 868
Intangible assets
Computer software 364 145 4 -35 -3 196 271
Databases 0 0 0 0 0 0 0
Mineral exploration 30 123 4 001 91 -1 168 -80 1 216 31 569
Patents and trademarks 214 3 0 -31 0 18 168
Goodwill and marketing assets 6 525 297 11 -1 326 0 39 5 446
Research and development 5 229 1 191 1 12 -116 364 5 951
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 11 289 64 21 0 -27 339 10 966
Capital work in progress 13 0 0 -11 0 2 0
Other intellectual property and products 1 874 665 183 -20 -14 254 2 068
Total 533 713 74 208 2 658 -40 720 -3 021 48 124 513 398
1Revised. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 22 P0021
Annual financial statistics (AFS), 2019
Table 3.3 - Carrying value of property, plant and equipment and intangible assets: Mining and quarrying (concluded)
20191
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 8 566 239 225 54 201 399 8 436
Residential buildings 4 795 255 47 36 1 367 4 673
Non-residential buildings 19 518 1 117 112 -537 1 110 941 20 155
Construction works, roads and parking areas 77 413 7 391 32 -1 369 -703 4 044 78 656
Land improvements 854 149 6 -104 15 61 847
Network equipment 3 7 0 0 19 15 14
Computers and other IT equipment 811 273 20 20 35 373 746
Motor vehicles and other transport equipment 12 567 3 050 299 85 216 3 600 12 019
Plant, machinery and other office equipment 228 291 32 179 4 633 -5 644 15 565 30 545 235 213
Capital work in progress 50 479 28 027 524 -5 788 -17 893 646 53 655
Other property, plant and equipment 64 656 7 765 2 112 -4 304 2 395 5 720 62 680
Intangible assets
Computer software 286 172 5 16 10 145 334
Databases 1 1 0 0 0 0 2
Mineral exploration 35 838 434 330 -709 3 1 063 34 173
Patents and trademarks 315 0 0 -33 0 15 267
Goodwill and marketing assets 6 351 0 203 -152 0 34 5 962
Research and development 5 997 1 623 0 -4 21 556 7 081
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 22 185 304 1 -44 39 1 334 21 149
Capital work in progress 12 17 0 -2 0 0 27
Other intellectual property and products 2 481 797 112 48 5 324 2 895
Total 541 419 83 800 8 661 -18 431 1 039 50 182 548 984
1Preliminary. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 23 P0021
Annual financial statistics (AFS), 2019
Table 4.1 - Selected income and expenditure items: Manufacturing
Item
R million
20181 20192
Difference between 2018 and
2019
Income
Turnover 2 676 526 2 868 930 192 404
Dividends 22 570 15 314 -7 256
Government subsidies and incentives 9 955 8 514 -1 441
Capital transfers received from government 0 7 7
Interest 17 378 19 322 1 944
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
11 311 11 565 254
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
424 463 39
Profit on foreign transactions resulting from changes in foreign exchange rates
9 255 10 719 1 464
Provisions 2 300 1 607 -693
Research and development 283 63 -220
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
919 857 -62
Other 23 029 23 635 606
Total income (A) 2 773 950 2 960 996 187 046
Inventories
Opening value of raw materials 127 476 137 052 9 576
Opening value of work in progress 44 584 45 844 1 260
Opening value of finished goods 155 050 179 960 24 910
Total opening value (B) 327 110 362 856 35 746
Closing value of raw materials 140 344 146 771 6 427
Closing value of work in progress 46 157 46 606 449
Closing value of finished goods 176 196 189 143 12 947
Total closing value (C) 362 697 382 520 19 823
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 24 P0021
Annual financial statistics (AFS), 2019
Table 4.1 - Selected income and expenditure items: Manufacturing (concluded)
Item
R million
20181 20192
Difference between 2018 and
2019
Expenditure
Purchases 1 787 671 1 931 857 144 186
Advertising 21 721 24 594 2 873
Amortisation 3 231 4 022 791
Bank charges 2 515 2 707 192
Bursaries 148 129 -19
Computer expenses 6 844 7 642 798
Containers and packaging materials 11 895 12 815 920
Depreciation 55 680 59 663 3 983
Donations, sponsorships and social investment 861 1 106 245
Employment cost3 300 264 311 138 10 874
Excise and customs duty 58 894 67 745 8 851
Information technology (IT) security services 588 756 168
Insurance premiums 6 818 7 585 767
Interest 42 438 40 545 -1 893
Leasing and hiring of plant, machinery, equipment and vehicles 8 458 10 335 1 877
Losses on foreign transactions resulting from changes in foreign exchange rates
9 305 15 514 6 209
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
414 572 158
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
43 533 21 455 -22 078
Mineral rights leased 0 0 0
Motor vehicle running expenses 11 989 11 968 -21
Paper, printing and stationery 1 527 1 528 1
Postal and courier services 690 649 -41
Property tax 1 377 1 398 21
Provisions 1 957 2 115 158
Railage and transport-out 38 701 40 442 1 741
Rental of land, buildings and other structures including water and electricity
60 997 62 032 1 035
Repair and maintenance 33 649 34 111 462
Research and development 2 621 2 466 -155
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
11 057 11 878 821
Security services 3 372 3 644 272
Staff training 1 860 2 114 254
Subcontractors 10 364 11 517 1 153
Telecommunication services 3 340 3 374 34
Travelling, accommodation and entertainment 6 579 7 030 451
Other 122 530 136 428 13 898
Total expenditure (D) 2 673 888 2 852 874 178 986
Net profit before providing for company tax and dividends (E)4 135 649 127 786 -7 863
Company tax paid or provided for during the financial year 39 061 33 076 -5 985
Dividends paid or provided for during the financial year 65 183 71 145 5 962
Net profit after providing for company tax and dividends 31 405 23 565 -7 840
1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.
STATISTICS SOUTH AFRICA 25 P0021
Annual financial statistics (AFS), 2019
Table 4.2 - Selected financial position items: Manufacturing
Item
R million
20181 20192
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 593 187 634 361 41 174
Long-term investments 259 879 285 447 25 568
Other non-current assets 31 337 37 444 6 107
Total non-current assets 884 403 957 252 72 849
Current assets
Trade and other receivables 357 726 377 730 20 004
Cash and cash equivalents 148 835 147 459 -1 376
Inventory 362 697 382 520 19 823
Other current assets 108 428 103 875 -4 553
Total current assets 977 686 1 011 584 33 898
Total assets 1 862 089 1 968 836 106 747
Equity and liabilities
Total equity 665 634 697 077 31 443
Non-current liabilities
Long-term loans 356 052 372 567 16 515
Other non-current liabilities 127 872 126 267 -1 605
Total non-current liabilities 483 924 498 834 14 910
Current liabilities
Trade and other payables 407 788 431 713 23 925
Bank overdraft 34 211 39 824 5 613
Other current liabilities 270 532 301 388 30 856
Total current liabilities 712 531 772 925 60 394
Total liabilities 1 196 455 1 271 759 75 304
Total equity and liabilities 1 862 089 1 968 836 106 747
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 26 P0021
Annual financial statistics (AFS), 2019
Table 4.3 - Carrying value of property, plant and equipment and intangible assets: Manufacturing
20181
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 15 804 1 424 416 69 7 190 16 698
Residential buildings 2 188 162 5 21 118 100 2 384
Non-residential buildings 66 190 6 691 1 268 150 3 031 2 965 71 829
Construction works, roads and parking areas 3 957 584 157 36 -277 411 3 732
Land improvements 592 68 14 36 -13 60 609
Network equipment 18 16 6 0 5 11 22
Computers and other IT equipment 2 994 1 085 89 9 217 1 265 2 951
Motor vehicles and other transport equipment 19 114 6 219 968 43 256 5 036 19 628
Plant, machinery and other office equipment 323 615 46 669 5 189 -3 631 9 613 44 581 326 496
Capital work in progress 41 212 34 382 1 646 -15 519 -15 397 242 42 790
Other property, plant and equipment 8 574 2 610 1 288 -339 105 1 337 8 325
Intangible assets
Computer software 4 371 1 470 38 521 129 1 355 5 098
Databases 85 0 0 0 0 20 65
Mineral exploration 203 26 0 -35 0 2 192
Patents and trademarks 7 788 765 7 -487 55 374 7 740
Goodwill and marketing assets 66 128 2 213 398 -995 -760 357 65 831
Research and development 1 706 234 68 35 -75 186 1 646
Entertainment, literary and artistic originals 13 2 0 0 0 0 15
Contracts, leases and licences 5 465 311 11 -58 -510 494 4 703
Capital work in progress 615 801 4 -148 -506 5 753
Other intellectual property and products 11 833 553 88 390 -568 440 11 680
Total 582 465 106 285 11 660 -19 902 -4 570 59 431 593 187
1Revised. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 27 P0021
Annual financial statistics (AFS), 2019
Table 4.3 - Carrying value of property, plant and equipment and intangible assets: Manufacturing (concluded)
20191
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 18 666 2 162 1 299 234 631 242 20 152
Residential buildings 1 867 367 15 -25 27 80 2 141
Non-residential buildings 71 908 4 904 1 491 982 522 3 196 73 629
Construction works, roads and parking areas 3 756 715 100 -50 193 468 4 046
Land improvements 396 99 2 0 147 62 578
Network equipment 22 9 0 0 1 9 23
Computers and other IT equipment 3 088 1 241 80 18 150 1 286 3 131
Motor vehicles and other transport equipment 19 693 6 032 1 125 96 157 5 193 19 660
Plant, machinery and other office equipment 344 580 48 368 9 123 6 271 9 765 48 780 351 081
Capital work in progress 43 561 36 322 1 856 -13 040 -15 876 277 48 834
Other property, plant and equipment 9 369 3 398 1 427 165 496 1 736 10 265
Intangible assets
Computer software 5 277 1 337 51 152 176 1 508 5 383
Databases 142 18 0 0 0 48 112
Mineral exploration 166 0 0 29 0 2 193
Patents and trademarks 8 087 1 867 1 656 -27 13 435 7 849
Goodwill and marketing assets 70 945 2 346 937 -3 040 -320 776 68 218
Research and development 1 680 257 63 -31 -25 165 1 653
Entertainment, literary and artistic originals 16 30 0 0 0 0 46
Contracts, leases and licences 8 480 194 991 -57 1 548 7 079
Capital work in progress 713 484 68 -198 -431 30 470
Other intellectual property and products 12 011 475 41 -2 111 -7 509 9 818
Total 624 423 110 625 20 325 -10 632 -4 380 65 350 634 361
1Preliminary. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 28 P0021
Annual financial statistics (AFS), 2019
Table 5.1 - Selected income and expenditure items: Electricity, gas and water supply
Item
R million
20181 20192
Difference between 2018 and
2019
Income
Turnover 244 658 254 343 9 685
Dividends 38 37 -1
Government subsidies and incentives 329 373 44
Capital transfers received from government 1 050 1 532 482
Interest 3 811 3 790 -21
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
991 866 -125
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
93 35 -58
Profit on foreign transactions resulting from changes in foreign exchange rates
10 080 22 337 12 257
Provisions 0 0 0
Research and development 0 0 0
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
0 0 0
Other 2 259 3 457 1 198
Total income (A) 263 309 286 770 23 461
Inventories
Opening value of raw materials 22 475 24 360 1 885
Opening value of work in progress 753 1 084 331
Opening value of finished goods 249 310 61
Total opening value (B) 23 477 25 754 2 277
Closing value of raw materials 24 366 26 673 2 307
Closing value of work in progress 821 1 017 196
Closing value of finished goods 304 349 45
Total closing value (C) 25 491 28 039 2 548
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 29 P0021
Annual financial statistics (AFS), 2019
Table 5.1 - Selected income and expenditure items: Electricity, gas and water supply (concluded)
Item
R million
20181 20192
Difference between 2018 and
2019
Expenditure
Purchases 104 681 125 746 21 065
Advertising 143 61 -82
Amortisation 1 103 1 097 -6
Bank charges 79 70 -9
Bursaries 134 77 -57
Computer expenses 86 95 9
Containers and packaging materials 7 5 -2
Depreciation 29 901 36 515 6 614
Donations, sponsorships and social investment 387 264 -123
Employment cost3 30 648 34 345 3 697
Excise and customs duty 0 0 0
Information technology (IT) security services 763 733 -30
Insurance premiums 5 311 3 580 -1 731
Interest 32 482 36 520 4 038
Leasing and hiring of plant, machinery, equipment and vehicles 450 772 322
Losses on foreign transactions resulting from changes in foreign exchange rates
12 366 25 949 13 583
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
53 39 -14
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
1 888 2 431 543
Mineral rights leased 0 0 0
Motor vehicle running expenses 1 473 1 173 -300
Paper, printing and stationery 102 90 -12
Postal and courier services 23 22 -1
Property tax 126 139 13
Provisions 4 237 4 086 -151
Railage and transport-out 126 91 -35
Rental of land, buildings and other structures including water and electricity
2 926 3 215 289
Repair and maintenance 10 381 9 830 -551
Research and development 67 56 -11
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
13 26 13
Security services 925 943 18
Staff training 166 132 -34
Subcontractors 2 999 2 722 -277
Telecommunication services 277 197 -80
Travelling, accommodation and entertainment 1 626 1 138 -488
Other 9 538 14 124 4 586
Total expenditure (D) 255 487 306 283 50 796
Net profit before providing for company tax and dividends (E)4 9 836 -17 228 -27 064
Company tax paid or provided for during the financial year 2 000 -6 199 -8 199
Dividends paid or provided for during the financial year 4 421 4 888 467
Net profit after providing for company tax and dividends 3 415 -15 917 -19 332
1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.
STATISTICS SOUTH AFRICA 30 P0021
Annual financial statistics (AFS), 2019
Table 5.2 - Selected financial position items: Electricity, gas and water supply
Item
R million
20181 20192
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 911 767 791 108 -120 659
Long-term investments 4 818 6 642 1 824
Other non-current assets 24 818 31 893 7 075
Total non-current assets 941 403 829 643 -111 760
Current assets
Trade and other receivables 36 384 36 898 514
Cash and cash equivalents 32 694 20 752 -11 942
Inventory 25 491 28 039 2 548
Other current assets 13 698 15 500 1 802
Total current assets 108 267 101 189 -7 078
Total assets 1 049 670 930 832 -118 838
Equity and liabilities
Total equity 216 946 196 151 -20 795
Non-current liabilities
Long-term loans 485 933 470 823 -15 110
Other non-current liabilities 152 887 123 827 -29 060
Total non-current liabilities 638 820 594 650 -44 170
Current liabilities
Trade and other payables 113 692 47 754 -65 938
Bank overdraft 52 3 -49
Other current liabilities 80 160 92 274 12 114
Total current liabilities 193 904 140 031 -53 873
Total liabilities 832 724 734 681 -98 043
Total equity and liabilities 1 049 670 930 832 -118 838
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 31 P0021
Annual financial statistics (AFS), 2019
Table 5.3 - Carrying value of property, plant and equipment and intangible assets: Electricity, gas and water supply
20181
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 2 070 0 0 0 1 0 2 071
Residential buildings 16 0 0 0 0 2 14
Non-residential buildings 17 771 185 31 2 073 395 461 19 932
Construction works, roads and parking areas 2 224 56 0 0 -17 233 2 030
Land improvements 0 0 0 0 0 0 0
Network equipment 0 0 0 0 0 0 0
Computers and other IT equipment 67 669 998 25 1 7 570 4 428 71 785
Motor vehicles and other transport equipment 5 452 1 131 151 1 234 1 067 5 600
Plant, machinery and other office equipment 442 907 10 470 893 -397 115 584 23 201 544 470
Capital work in progress 287 463 65 722 412 -1 256 -123 979 1 227 537
Other property, plant and equipment 22 738 800 39 5 57 622 22 939
Intangible assets
Computer software 1 499 240 3 27 13 509 1 267
Databases 0 0 0 0 0 0 0
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 121 0 0 0 0 8 113
Goodwill and marketing assets 59 0 0 -8 0 4 47
Research and development 535 0 0 0 0 31 504
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 9 519 1 0 -13 0 453 9 054
Capital work in progress 370 17 0 -27 0 20 340
Other intellectual property and products 3 903 239 1 0 0 77 4 064
Total 864 316 79 859 1 555 406 -142 31 117 911 767
1Revised. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 32 P0021
Annual financial statistics (AFS), 2019
Table 5.3 - Carrying value of property, plant and equipment and intangible assets: Electricity, gas and water supply (concluded)
20191
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 2 275 108 0 0 0 0 2 383
Residential buildings 15 1 0 0 0 1 15
Non-residential buildings 19 141 387 14 -20 814 752 19 556
Construction works, roads and parking areas 2 037 255 9 0 2 347 1 938
Land improvements 0 0 0 0 0 0 0
Network equipment 0 0 0 0 0 0 0
Computers and other IT equipment 71 970 211 4 0 3 4 724 67 456
Motor vehicles and other transport equipment 5 599 337 60 -6 -1 1 111 4 758
Plant, machinery and other office equipment 407 065 22 932 953 4 1 275 29 329 400 994
Capital work in progress 228 279 32 893 821 460 -2 661 1 258 149
Other property, plant and equipment 21 407 11 0 0 295 476 21 237
Intangible assets
Computer software 1 279 334 12 7 7 525 1 090
Databases 0 0 0 0 0 0 0
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 74 0 0 0 0 5 69
Goodwill and marketing assets 103 0 0 0 0 8 95
Research and development 172 0 0 0 0 37 135
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 7 144 5 0 -196 6 431 6 528
Capital work in progress 2 910 92 3 -143 -49 24 2 783
Other intellectual property and products 3 843 147 1 0 0 67 3 922
Total 773 313 57 713 1 877 106 -309 37 838 791 108
1Preliminary. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 33 P0021
Annual financial statistics (AFS), 2019
Table 6.1 - Selected income and expenditure items: Construction
Item
R million
20181 20192
Difference between 2018 and
2019
Income
Turnover 475 336 480 662 5 326
Dividends 2 375 1 862 -513
Government subsidies and incentives 384 339 -45
Capital transfers received from government 6 169 163
Interest 7 611 8 106 495
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
5 799 2 430 -3 369
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
0 0 0
Profit on foreign transactions resulting from changes in foreign exchange rates
5 018 4 184 -834
Provisions 4 24 20
Research and development 0 0 0
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
0 0 0
Other 5 402 7 094 1 692
Total income (A) 501 935 504 870 2 935
Inventories
Opening value of raw materials 11 699 2 394 -9 305
Opening value of work in progress 35 971 87 992 52 021
Opening value of finished goods 7 441 10 389 2 948
Total opening value (B) 55 111 100 775 45 664
Closing value of raw materials 3 586 2 604 -982
Closing value of work in progress 44 089 84 871 40 782
Closing value of finished goods 9 805 9 865 60
Total closing value (C) 57 480 97 340 39 860
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 34 P0021
Annual financial statistics (AFS), 2019
Table 6.1 - Selected income and expenditure items: Construction (concluded)
Item
R million
20181 20192
Difference between 2018 and
2019
Expenditure
Purchases 248 363 251 488 3 125
Advertising 750 845 95
Amortisation 215 183 -32
Bank charges 720 701 -19
Bursaries 18 11 -7
Computer expenses 821 806 -15
Containers and packaging materials 31 29 -2
Depreciation 10 876 10 815 -61
Donations, sponsorships and social investment 426 289 -137
Employment cost3 93 035 91 166 -1 869
Excise and customs duty 47 38 -9
Information technology (IT) security services 9 6 -3
Insurance premiums 3 433 3 159 -274
Interest 10 773 10 937 164
Leasing and hiring of plant, machinery, equipment and vehicles 5 734 4 874 -860
Losses on foreign transactions resulting from changes in foreign exchange rates
793 1 123 330
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
0 0 0
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
6 776 4 047 -2 729
Mineral rights leased 0 0 0
Motor vehicle running expenses 6 935 7 067 132
Paper, printing and stationery 511 604 93
Postal and courier services 109 125 16
Property tax 93 97 4
Provisions 168 416 248
Railage and transport-out 1 574 1 530 -44
Rental of land, buildings and other structures including water and electricity
7 376 7 363 -13
Repair and maintenance 4 622 4 937 315
Research and development 4 2 -2
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
1 333 1 578 245
Security services 1 059 887 -172
Staff training 767 783 16
Subcontractors 57 043 48 195 -8 848
Telecommunication services 1 534 1 389 -145
Travelling, accommodation and entertainment 2 374 2 001 -373
Other 21 952 22 777 825
Total expenditure (D) 490 274 480 268 -10 006
Net profit before providing for company tax and dividends (E)4 14 030 21 167 7 137
Company tax paid or provided for during the financial year 6 495 6 358 -137
Dividends paid or provided for during the financial year 2 725 2 650 -75
Net profit after providing for company tax and dividends 4 810 12 159 7 349
1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.
STATISTICS SOUTH AFRICA 35 P0021
Annual financial statistics (AFS), 2019
Table 6.2 - Selected financial position items: Construction
Item
R million
20181 20192
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 72 639 80 458 7 819
Long-term investments 61 725 54 812 -6 913
Other non-current assets 84 115 73 424 -10 691
Total non-current assets 218 479 208 694 -9 785
Current assets
Trade and other receivables 96 668 125 850 29 182
Cash and cash equivalents 49 142 47 505 -1 637
Inventory 57 480 97 340 39 860
Other current assets 49 897 51 031 1 134
Total current assets 253 187 321 726 68 539
Total assets 471 666 530 420 58 754
Equity and liabilities
Total equity 102 135 111 719 9 584
Non-current liabilities
Long-term loans 134 464 198 822 64 358
Other non-current liabilities 16 980 18 364 1 384
Total non-current liabilities 151 444 217 186 65 742
Current liabilities
Trade and other payables 83 257 86 099 2 842
Bank overdraft 6 020 6 837 817
Other current liabilities 128 810 108 579 -20 231
Total current liabilities 218 087 201 515 -16 572
Total liabilities 369 531 418 701 49 170
Total equity and liabilities 471 666 530 420 58 754
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 36 P0021
Annual financial statistics (AFS), 2019
Table 6.3 - Carrying value of property, plant and equipment and intangible assets: Construction
20181
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 3 764 360 44 -6 0 1 4 073
Residential buildings 280 51 0 0 0 2 329
Non-residential buildings 5 070 173 306 -66 -123 93 4 655
Construction works, roads and parking areas 261 236 2 0 11 54 452
Land improvements 46 0 19 0 0 5 22
Network equipment 11 1 2 0 0 2 8
Computers and other IT equipment 456 257 12 5 -11 207 488
Motor vehicles and other transport equipment 15 370 5 416 811 -537 1 313 3 943 16 808
Plant, machinery and other office equipment 39 397 10 906 2 044 108 -28 6 678 41 661
Capital work in progress 101 65 6 -4 -114 1 41
Other property, plant and equipment 2 902 143 969 -532 0 19 1 525
Intangible assets
Computer software 340 62 0 -88 22 91 245
Databases 1 0 0 0 0 0 1
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 163 9 0 -10 0 24 138
Goodwill and marketing assets 2 455 80 8 -284 0 89 2 154
Research and development 0 0 0 0 0 0 0
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 1 0 0 0 0 0 1
Capital work in progress 0 7 0 0 0 0 7
Other intellectual property and products 80 53 0 -92 0 10 31
Total 70 698 17 819 4 223 -1 506 1 070 11 219 72 639
1Revised. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 37 P0021
Annual financial statistics (AFS), 2019
Table 6.3 - Carrying value of property, plant and equipment and intangible assets: Construction (concluded)
20191
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets Land 4 950 154 184 13 0 0 4 933
Residential buildings 88 3 2 15 0 3 101
Non-residential buildings 18 416 171 2 757 18 85 69 15 864
Construction works, roads and parking areas 389 112 5 -1 6 38 463
Land improvements 20 0 0 0 0 5 15
Network equipment 8 3 0 0 0 3 8
Computers and other IT equipment 415 186 12 1 -1 165 424
Motor vehicles and other transport equipment 15 923 4 647 1 319 -142 92 4 307 14 894
Plant, machinery and other office equipment 40 466 7 618 1 324 482 -732 6 412 40 098
Capital work in progress 78 100 16 22 -9 8 167
Other property, plant and equipment 847 470 1 1 0 103 1 214
Intangible assets
Computer software 258 96 25 -7 10 85 247
Databases 1 0 0 0 0 0 1
Mineral exploration 1 8 0 0 0 1 8
Patents and trademarks 106 0 0 -48 0 12 46
Goodwill and marketing assets 2 428 16 62 -368 0 77 1 937
Research and development 0 2 0 0 0 0 2
Entertainment, literary and artistic originals 0 0 0 0 0 0 0
Contracts, leases and licences 1 0 0 0 0 0 1
Capital work in progress 7 0 0 0 -7 0 0
Other intellectual property and products 35 9 1 0 0 8 35
Total 84 437 13 595 5 708 -14 -556 11 296 80 458
1Preliminary. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 38 P0021
Annual financial statistics (AFS), 2019
Table 7.1 - Selected income and expenditure items: Trade
Item
R million
20181 20192
Difference between 2018 and
2019
Income
Turnover 3 694 520 3 830 762 136 242
Dividends 8 643 10 347 1 704
Government subsidies and incentives 213 245 32
Capital transfers received from government 0 0 0
Interest 26 033 28 357 2 324
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
9 581 9 151 -430
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
46 29 -17
Profit on foreign transactions resulting from changes in foreign exchange rates
6 206 7 098 892
Provisions 109 122 13
Research and development 41 48 7
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
1 913 1 646 -267
Other 27 608 30 165 2 557
Total income (A) 3 774 913 3 917 970 143 057
Inventories
Opening value of raw materials 27 249 38 281 11 032
Opening value of work in progress 3 811 3 779 -32
Opening value of finished goods 351 197 364 356 13 159
Total opening value (B) 382 257 406 416 24 159
Closing value of raw materials 28 959 42 150 13 191
Closing value of work in progress 3 822 5 222 1 400
Closing value of finished goods 363 905 393 049 29 144
Total closing value (C) 396 686 440 421 43 735
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 39 P0021
Annual financial statistics (AFS), 2019
Table 7.1 - Selected income and expenditure items: Trade (concluded)
Item
R million
20181 20192
Difference between 2018 and
2019
Expenditure
Purchases 2 834 776 2 969 673 134 897
Advertising 25 625 29 713 4 088
Amortisation 4 152 3 839 -313
Bank charges 8 484 8 436 -48
Bursaries 137 215 78
Computer expenses 5 148 5 713 565
Containers and packaging materials 2 263 2 347 84
Depreciation 31 393 33 814 2 421
Donations, sponsorships and social investment 1 389 1 463 74
Employment cost3 304 166 318 385 14 219
Excise and customs duty 34 460 32 794 -1 666
Information technology (IT) security services 522 687 165
Insurance premiums 9 374 8 839 -535
Interest 47 447 39 165 -8 282
Leasing and hiring of plant, machinery, equipment and vehicles 7 188 6 716 -472
Losses on foreign transactions resulting from changes in foreign exchange rates
5 610 9 131 3 521
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
209 44 -165
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
17 384 19 958 2 574
Mineral rights leased 0 0 0
Motor vehicle running expenses 15 814 16 053 239
Paper, printing and stationery 3 159 3 229 70
Postal and courier services 1 743 2 856 1 113
Property tax 1 508 1 473 -35
Provisions 677 1 360 683
Railage and transport-out 18 304 20 203 1 899
Rental of land, buildings and other structures including water and electricity
88 239 89 723 1 484
Repair and maintenance 14 117 13 510 -607
Research and development 617 722 105
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
7 717 8 028 311
Security services 6 834 6 764 -70
Staff training 1 358 1 409 51
Subcontractors 5 052 5 105 53
Telecommunication services 6 955 6 379 -576
Travelling, accommodation and entertainment 9 867 10 568 701
Other 137 365 145 358 7 993
Total expenditure (D) 3 659 053 3 823 672 164 619
Net profit before providing for company tax and dividends (E)4 130 289 128 303 -1 986
Company tax paid or provided for during the financial year 35 237 35 590 353
Dividends paid or provided for during the financial year 33 663 34 118 455
Net profit after providing for company tax and dividends 61 389 58 595 -2 794
1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.
STATISTICS SOUTH AFRICA 40 P0021
Annual financial statistics (AFS), 2019
Table 7.2 - Selected financial position items: Trade
Item
R million
20181 20192
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 329 660 330 236 576
Long-term investments 164 912 175 842 10 930
Other non-current assets 24 885 26 040 1 155
Total non-current assets 519 457 532 118 12 661
Current assets
Trade and other receivables 347 725 386 076 38 351
Cash and cash equivalents 162 679 179 998 17 319
Inventory 396 686 440 421 43 735
Other current assets 139 503 147 371 7 868
Total current assets 1 046 593 1 153 866 107 273
Total assets 1 566 050 1 685 984 119 934
Equity and liabilities
Total equity 461 782 529 846 68 064
Non-current liabilities
Long-term loans 253 772 258 284 4 512
Other non-current liabilities 62 085 69 406 7 321
Total non-current liabilities 315 857 327 690 11 833
Current liabilities
Trade and other payables 460 104 520 212 60 108
Bank overdraft 42 447 46 970 4 523
Other current liabilities 285 860 261 266 -24 594
Total current liabilities 788 411 828 448 40 037
Total liabilities 1 104 268 1 156 138 51 870
Total equity and liabilities 1 566 050 1 685 984 119 934
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 41 P0021
Annual financial statistics (AFS), 2019
Table 7.3 - Carrying value of property, plant and equipment and intangible assets: Trade
20181
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 31 991 2 987 415 52 4 28 34 591
Residential buildings 4 300 135 1 -1 -8 71 4 354
Non-residential buildings 89 594 7 676 1 659 -188 -409 1 258 93 756
Construction works, roads and parking areas 7 311 3 934 399 -852 -121 1 243 8 630
Land improvements 827 154 56 15 -46 149 745
Network equipment 185 45 9 -2 3 96 126
Computers and other IT equipment 6 904 2 091 357 0 19 1 982 6 675
Motor vehicles and other transport equipment 26 520 10 297 1 752 406 -6 7 368 28 097
Plant, machinery and other office equipment 82 475 27 504 3 772 685 -3 535 19 015 84 342
Capital work in progress 3 756 2 268 60 -83 -2 294 116 3 471
Other property, plant and equipment 3 114 620 78 -47 -34 351 3 224
Intangible assets
Computer software 8 764 1 819 235 1 010 165 1 860 9 663
Databases 253 60 1 0 0 88 224
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 3 933 88 77 -2 -3 252 3 687
Goodwill and marketing assets 45 609 1 529 2 458 -5 111 -86 1 131 38 352
Research and development 109 26 27 5 -7 8 98
Entertainment, literary and artistic originals 1 0 0 0 0 0 1
Contracts, leases and licences 6 820 182 62 -26 3 517 6 400
Capital work in progress 76 42 1 -4 -1 7 105
Other intellectual property and products 3 134 497 44 -168 -11 289 3 119
Total 325 676 61 954 11 463 -4 311 -6 367 35 829 329 660
1Revised. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 42 P0021
Annual financial statistics (AFS), 2019
Table 7.3 - Carrying value of property, plant and equipment and intangible assets: Trade (concluded)
20191
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 27 024 2 862 1 847 -36 -15 45 27 943
Residential buildings 3 794 528 55 216 2 92 4 393
Non-residential buildings 96 252 5 453 2 810 -843 324 1 453 96 923
Construction works, roads and parking areas 9 918 2 291 371 -297 -135 1 399 10 007
Land improvements 687 118 20 18 -1 106 696
Network equipment 93 22 4 0 3 32 82
Computers and other IT equipment 6 773 2 324 387 18 72 2 083 6 717
Motor vehicles and other transport equipment 24 629 8 933 2 271 403 58 7 166 24 586
Plant, machinery and other office equipment 87 468 29 270 3 018 80 -3 475 20 715 89 610
Capital work in progress 3 509 2 726 30 -19 -1 463 156 4 567
Other property, plant and equipment 3 638 2 262 132 13 25 1 094 4 712
Intangible assets
Computer software 8 583 2 003 144 324 63 1 755 9 074
Databases 256 1 0 0 0 88 169
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 3 981 91 56 1 -37 305 3 675
Goodwill and marketing assets 44 805 1 217 1 605 -5 621 1 952 37 845
Research and development 19 21 0 0 0 2 38
Entertainment, literary and artistic originals 1 0 0 0 0 0 1
Contracts, leases and licences 5 536 720 72 -1 450 503 6 130
Capital work in progress 112 17 0 0 -3 4 122
Other intellectual property and products 2 875 421 22 -80 -18 230 2 946
Total 329 953 61 280 12 844 -5 824 -4 149 38 180 330 236
1Preliminary. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 43 P0021
Annual financial statistics (AFS), 2019
Table 8.1 - Selected income and expenditure items: Transport, storage and communication
Item
R million
20181 20192
Difference between 2018 and
2019
Income
Turnover 867 572 901 157 33 585
Dividends 1 273 1 207 -66
Government subsidies and incentives 9 606 10 431 825
Capital transfers received from government 4 672 3 718 -954
Interest 11 933 10 475 -1 458
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
4 041 8 855 4 814
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
4 104 1 592 -2 512
Profit on foreign transactions resulting from changes in foreign exchange rates
3 904 1 950 -1 954
Provisions 417 288 -129
Research and development 0 4 4
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
0 1 1
Other 12 421 11 880 -541
Total income (A) 919 943 951 558 31 615
Inventories
Opening value of raw materials 6 213 6 240 27
Opening value of work in progress 737 1 058 321
Opening value of finished goods 11 256 10 444 -812
Total opening value (B) 18 206 17 742 -464
Closing value of raw materials 6 397 5 850 -547
Closing value of work in progress 1 042 982 -60
Closing value of finished goods 10 184 12 184 2 000
Total closing value (C) 17 623 19 016 1 393
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 44 P0021
Annual financial statistics (AFS), 2019
Table 8.1 - Selected income and expenditure items: Transport, storage and communication (concluded)
Item
R million
20181 20192
Difference between 2018 and
2019
Expenditure
Purchases 310 467 321 638 11 171
Advertising 6 395 6 537 142
Amortisation 9 114 9 059 -55
Bank charges 1 157 1 415 258
Bursaries 55 26 -29
Computer expenses 4 710 4 704 -6
Containers and packaging materials 659 604 -55
Depreciation 49 760 50 948 1 188
Donations, sponsorships and social investment 372 486 114
Employment cost3 134 625 136 883 2 258
Excise and customs duty 73 887 72 948 -939
Information technology (IT) security services 325 472 147
Insurance premiums 5 427 5 717 290
Interest 33 944 33 335 -609
Leasing and hiring of plant, machinery, equipment and vehicles 17 746 16 663 -1 083
Losses on foreign transactions resulting from changes in foreign exchange rates
3 897 5 289 1 392
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
85 13 -72
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
6 191 15 457 9 266
Mineral rights leased 0 0 0
Motor vehicle running expenses 10 593 13 355 2 762
Paper, printing and stationery 726 703 -23
Postal and courier services 726 781 55
Property tax 452 450 -2
Provisions 314 250 -64
Railage and transport-out 13 083 15 169 2 086
Rental of land, buildings and other structures including water and electricity
27 113 30 398 3 285
Repair and maintenance 22 849 22 630 -219
Research and development 132 145 13
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
503 896 393
Security services 3 516 4 309 793
Staff training 835 971 136
Subcontractors 39 901 47 519 7 618
Telecommunication services 2 280 2 166 -114
Travelling, accommodation and entertainment 6 885 8 060 1 175
Other 69 688 79 611 9 923
Total expenditure (D) 858 412 909 607 51 195
Net profit before providing for company tax and dividends (E)4 60 948 43 225 -17 723
Company tax paid or provided for during the financial year 15 857 20 718 4 861
Dividends paid or provided for during the financial year 20 807 19 446 -1 361
Net profit after providing for company tax and dividends 24 284 3 061 -21 223
1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.
STATISTICS SOUTH AFRICA 45 P0021
Annual financial statistics (AFS), 2019
Table 8.2 - Selected financial position items: Transport, storage and communication
Item
R million
20181 20192
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 654 987 652 168 -2 819
Long-term investments 89 992 100 448 10 456
Other non-current assets 30 924 28 261 -2 663
Total non-current assets 775 903 780 877 4 974
Current assets
Trade and other receivables 153 462 168 321 14 859
Cash and cash equivalents 88 840 81 064 -7 776
Inventory 17 623 19 016 1 393
Other current assets 49 233 50 614 1 381
Total current assets 309 158 319 015 9 857
Total assets 1 085 061 1 099 892 14 831
Equity and liabilities
Total equity 355 479 350 002 -5 477
Non-current liabilities
Long-term loans 248 485 254 989 6 504
Other non-current liabilities 144 333 153 215 8 882
Total non-current liabilities 392 818 408 204 15 386
Current liabilities
Trade and other payables 190 022 199 723 9 701
Bank overdraft 5 311 6 915 1 604
Other current liabilities 141 431 135 048 -6 383
Total current liabilities 336 764 341 686 4 922
Total liabilities 729 582 749 890 20 308
Total equity and liabilities 1 085 061 1 099 892 14 831
1Revised. 2Preliminary.
STATISTICS SOUTH AFRICA 46 P0021
Annual financial statistics (AFS), 2019
Table 8.3 - Carrying value of property, plant and equipment and intangible assets: Transport, storage and communication
20181
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 6 666 87 14 90 -25 24 6 780
Residential buildings 291 28 16 0 0 5 298
Non-residential buildings 53 936 1 647 58 782 2 127 2 667 55 767
Construction works, roads and parking areas 75 035 2 140 212 8 002 4 131 2 920 86 176
Land improvements 31 61 0 5 0 16 81
Network equipment 85 802 23 434 886 351 3 184 16 472 95 413
Computers and other IT equipment 3 796 1 679 84 5 810 1 589 4 617
Motor vehicles and other transport equipment 127 785 19 165 3 130 2 276 14 299 16 707 143 688
Plant, machinery and other office equipment 139 360 7 669 657 4 241 17 545 9 573 158 585
Capital work in progress 73 375 26 808 603 -1 682 -43 180 26 54 692
Other property, plant and equipment 6 392 585 140 395 250 1 174 6 308
Intangible assets
Computer software 15 240 3 254 49 -10 1 010 4 278 15 167
Databases 1 066 0 15 0 0 157 894
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 866 826 0 0 1 081 1 874 899
Goodwill and marketing assets 9 465 518 10 -35 -1 681 9 256
Research and development 116 37 21 0 0 20 112
Entertainment, literary and artistic originals 102 0 0 0 0 7 95
Contracts, leases and licences 6 681 1 750 0 12 -10 1 070 7 363
Capital work in progress 1 975 1 289 11 -32 -2 015 54 1 152
Other intellectual property and products 7 453 534 6 114 522 973 7 644
Total 615 433 91 511 5 912 14 514 -272 60 287 654 987
1Revised. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 47 P0021
Annual financial statistics (AFS), 2019
Table 8.3 - Carrying value of property, plant and equipment and intangible assets: Transport, storage and communication (concluded)
20191
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)2
Tangible assets
Land 7 613 94 109 68 19 21 7 664
Residential buildings 806 2 827 0 0 -1 34 3 598
Non-residential buildings 55 952 1 119 75 656 2 046 2 840 56 858
Construction works, roads and parking areas 86 270 295 37 -22 060 3 526 2 914 65 080
Land improvements 95 128 14 -11 5 78 125
Network equipment 96 929 22 921 257 -1 469 1 493 17 213 102 404
Computers and other IT equipment 4 657 1 670 72 119 402 1 664 5 112
Motor vehicles and other transport equipment 145 103 17 668 3 260 970 10 007 16 731 153 757
Plant, machinery and other office equipment 160 862 8 933 518 -3 459 3 485 10 011 159 292
Capital work in progress 54 616 22 328 294 -166 -22 437 193 53 854
Other property, plant and equipment 6 453 849 533 97 296 1 340 5 822
Intangible assets
Computer software 15 533 4 365 136 -191 912 4 943 15 540
Databases 904 107 0 0 0 132 879
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 773 739 0 1 1 029 1 922 620
Goodwill and marketing assets 8 378 167 8 -129 683 264 8 827
Research and development 91 17 0 0 0 4 104
Entertainment, literary and artistic originals 48 0 0 0 0 4 44
Contracts, leases and licences 7 417 1 100 17 -1 694 -10 945 5 851
Capital work in progress 1 160 1 577 54 -12 -1 918 2 751
Other intellectual property and products 7 435 109 1 -156 -559 842 5 986
Total 661 095 87 013 5 385 -27 436 -1 022 62 097 652 168
1Preliminary. 2G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 48 P0021
Annual financial statistics (AFS), 2019
Table 9.1 - Selected income and expenditure: Activities auxiliary to financial intermediation, real
estate and other business services1
Item
R million
20182 20193
Difference between 2018 and
2019
Income
Turnover 994 995 1 072 425 77 430
Dividends 56 271 49 684 -6 587
Government subsidies and incentives 6 275 6 696 421
Capital transfers received from government 339 320 -19
Interest 43 477 43 184 -293
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
34 142 25 267 -8 875
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
829 214 -615
Profit on foreign transactions resulting from changes in foreign exchange rates
6 164 8 614 2 450
Provisions 88 4 379 4 291
Research and development 2 493 2 761 268
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
5 153 4 256 -897
Other 25 388 26 564 1 176
Total income (A) 1 175 614 1 244 364 68 750
Inventories
Opening value of raw materials 7 068 7 317 249
Opening value of work in progress 9 439 10 104 665
Opening value of finished goods 12 556 16 165 3 609
Total opening value (B) 29 063 33 586 4 523
Closing value of raw materials 6 788 7 402 614
Closing value of work in progress 11 226 9 551 -1 675
Closing value of finished goods 14 686 19 274 4 588
Total closing value (C) 32 700 36 227 3 527
1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified. 2Revised. 3Preliminary.
STATISTICS SOUTH AFRICA 49 P0021
Annual financial statistics (AFS), 2019
Table 9.1 - Selected income and expenditure: Activities auxiliary to financial intermediation, real estate and other business services (concluded)1
Item
R million
20182 20193
Difference between 2018 and
2019
Expenditure
Purchases 238 863 261 083 22 220
Advertising 8 586 9 708 1 122
Amortisation 3 268 3 971 703
Bank charges 2 021 2 177 156
Bursaries 292 268 -24
Computer expenses 7 880 7 538 -342
Containers and packaging materials 480 291 -189
Depreciation 19 233 22 176 2 943
Donations, sponsorships and social investment 2 655 3 118 463
Employment cost4 300 172 306 231 6 059
Excise and customs duty 96 54 -42
Information technology (IT) security services 3 009 3 902 893
Insurance premiums 6 849 7 399 550
Interest 55 218 69 896 14 678
Leasing and hiring of plant, machinery, equipment and vehicles 5 854 5 811 -43
Losses on foreign transactions resulting from changes in foreign exchange rates
3 311 5 790 2 479
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
1 877 532 -1 345
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
39 579 27 845 -11 734
Mineral rights leased 0 0 0
Motor vehicle running expenses 6 847 7 827 980
Paper, printing and stationery 2 850 2 641 -209
Postal and courier services 635 442 -193
Property tax 3 292 5 986 2 694
Provisions 722 1 105 383
Railage and transport-out 1 830 2 643 813
Rental of land, buildings and other structures including water and electricity
34 757 45 034 10 277
Repair and maintenance 9 937 20 132 10 195
Research and development 2 638 3 303 665
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
13 821 14 337 516
Security services 3 247 3 700 453
Staff training 1 655 2 016 361
Subcontractors 32 745 30 542 -2 203
Telecommunication services 5 888 5 332 -556
Travelling, accommodation and entertainment 9 449 10 528 1 079
Other 144 561 150 594 6 033
Total expenditure (D) 974 117 1 043 952 69 835
Net profit before providing for company tax and dividends (E)5 205 134 203 053 -2 081
Company tax paid or provided for during the financial year 34 433 33 413 -1 020
Dividends paid or provided for during the financial year 64 303 70 040 5 737
Net profit after providing for company tax and dividends 106 398 99 600 -6 798
1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified. 2Revised. 3Preliminary. 4Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 5E=A-B+C-D.
STATISTICS SOUTH AFRICA 50 P0021
Annual financial statistics (AFS), 2019
Table 9.2 - Selected financial position items: Activities auxiliary to financial intermediation, real estate and other business services1
Item
R million
20182 20193
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 221 690 236 671 14 981
Long-term investments 1 825 297 2 123 701 298 404
Other non-current assets 210 975 269 611 58 636
Total non-current assets 2 257 962 2 629 983 372 021
Current assets
Trade and other receivables 230 331 226 373 -3 958
Cash and cash equivalents 160 388 155 424 -4 964
Inventory 32 700 36 227 3 527
Other current assets 361 189 371 474 10 285
Total current assets 784 608 789 498 4 890
Total assets 3 042 570 3 419 481 376 911
Equity and liabilities
Total equity 1 110 789 1 323 830 213 041
Non-current liabilities
Long-term loans 543 629 483 462 -60 167
Other non-current liabilities 620 517 793 219 172 702
Total non-current liabilities 1 164 146 1 276 681 112 535
Current liabilities
Trade and other payables 178 838 209 933 31 095
Bank overdraft 20 904 13 169 -7 735
Other current liabilities 567 893 595 868 27 975
Total current liabilities 767 635 818 970 51 335
Total liabilities 1 931 781 2 095 651 163 870
Total equity and liabilities 3 042 570 3 419 481 376 911
1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified.
2Revised. 3Preliminary.
STATISTICS SOUTH AFRICA 51 P0021
Annual financial statistics (AFS), 2019
Table 9.3 - Carrying value of property, plant and equipment and intangible assets: Activities auxiliary to financial intermediation, real estate and
other business services1
20182
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)3
Tangible assets
Land 6 383 1 628 340 123 -180 13 7 601
Residential buildings 4 099 1 353 672 16 114 65 4 845
Non-residential buildings 57 351 3 607 539 600 1 549 60 471
Construction works, roads and parking areas 2 243 748 86 -31 15 456 2 433
Land improvements 59 51 2 0 2 16 94
Network equipment 1 396 228 17 -49 -1 136 1 421
Computers and other IT equipment 7 677 3 212 349 -43 -59 3 174 7 264
Motor vehicles and other transport equipment 26 905 8 745 2 883 112 -292 5 449 27 138
Plant, machinery and other office equipment 40 511 12 337 1 368 -25 661 7 832 44 284
Capital work in progress 1 100 895 13 -13 -473 33 1 463
Other property, plant and equipment 12 479 3 277 369 -2 56 1 606 13 835
Intangible assets
Computer software 5 419 2 325 98 -62 104 1 561 6 127
Databases 164 17 0 0 0 32 149
Mineral exploration 7 2 0 0 0 1 8
Patents and trademarks 10 542 100 0 -74 286 250 10 604
Goodwill and marketing assets 27 553 2 451 813 -1 095 102 397 27 801
Research and development 1 739 505 0 -49 -10 366 1 819
Entertainment, literary and artistic originals 1 0 0 0 0 0 1
Contracts, leases and licences 822 118 17 -23 -56 142 702
Capital work in progress 788 90 6 -8 -50 140 674
Other intellectual property and products 3 435 483 575 0 -8 379 2 956
Total 210 673 42 172 8 147 -623 212 22 597 221 690
1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified.
2Revised. 3G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 52 P0021
Annual financial statistics (AFS), 2019
Table 9.3 - Carrying value of property, plant and equipment and intangible assets: Activities auxiliary to financial intermediation, real estate and other business services (concluded)1
20192
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)3
Tangible assets
Land 7 758 811 180 314 0 79 8 624
Residential buildings 9 206 117 46 -72 13 36 9 182
Non-residential buildings 71 447 1 524 1 583 -575 -372 853 69 588
Construction works, roads and parking areas 2 905 619 74 1 -31 534 2 886
Land improvements 335 137 1 0 -1 36 434
Network equipment 171 56 36 0 -2 66 123
Computers and other IT equipment 7 676 3 408 300 14 15 3 311 7 502
Motor vehicles and other transport equipment 30 719 10 852 1 863 112 -697 6 021 33 102
Plant, machinery and other office equipment 34 420 10 365 1 287 961 -15 9 772 34 672
Capital work in progress 1 347 572 47 -36 -526 31 1 279
Other property, plant and equipment 17 887 4 466 261 259 138 1 634 20 855
Intangible assets
Computer software 9 043 4 316 448 -98 52 2 219 10 646
Databases 175 74 0 8 0 39 218
Mineral exploration 5 0 0 0 0 2 3
Patents and trademarks 12 481 2 262 0 -1 134 -11 409 13 189
Goodwill and marketing assets 17 974 982 253 -241 -53 177 18 232
Research and development 2 144 547 32 0 -4 456 2 199
Entertainment, literary and artistic originals 1 0 0 0 0 0 1
Contracts, leases and licences 639 259 24 -71 -29 128 646
Capital work in progress 693 88 18 -1 -3 85 674
Other intellectual property and products 2 361 857 75 -45 -24 458 2 616
Total 229 387 42 312 6 528 -604 -1 550 26 346 236 671
1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified.
2Preliminary. 3G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 53 P0021
Annual financial statistics (AFS), 2019
Table 10.1 - Selected income and expenditure items: Community, social and personal services1
Item
R million
20182 20193
Difference between 2018 and
2019
Income
Turnover 287 532 301 416 13 884
Dividends 2 099 1 827 -272
Government subsidies and incentives 6 801 8 120 1 319
Capital transfers received from government 0 0 0
Interest 4 534 4 057 -477
Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
871 1 319 448
Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities
38 44 6
Profit on foreign transactions resulting from changes in foreign exchange rates
332 186 -146
Provisions 204 34 -170
Research and development 173 103 -70
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
1 818 1 735 -83
Other 11 137 13 554 2 417
Total income (A) 315 539 332 395 16 856
Inventories
Opening value of raw materials 1 388 1 637 249
Opening value of work in progress 219 275 56
Opening value of finished goods 2 100 2 298 198
Total opening value (B) 3 707 4 210 503
Closing value of raw materials 1 547 1 708 161
Closing value of work in progress 291 53 -238
Closing value of finished goods 2 298 2 597 299
Total closing value (C) 4 136 4 358 222
1Excluding government and educational institutions. 2Revised. 3Preliminary.
STATISTICS SOUTH AFRICA 54 P0021
Annual financial statistics (AFS), 2019
Table 10.1 - Selected income and expenditure items: Community, social and personal services (concluded)1
Item
R million
20182 20193
Difference between 2018 and
2019
Expenditure
Purchases 67 804 71 856 4 052
Advertising 3 629 4 153 524
Amortisation 1 253 927 -326
Bank charges 1 039 1 324 285
Bursaries 327 425 98
Computer expenses 2 127 2 588 461
Containers and packaging materials 25 40 15
Depreciation 8 332 9 994 1 662
Donations, sponsorships and social investment 1 585 1 516 -69
Employment cost4 87 668 94 748 7 080
Excise and customs duty 17 22 5
Information technology (IT) security services 272 265 -7
Insurance premiums 2 086 2 456 370
Interest 6 097 7 076 979
Leasing and hiring of plant, machinery, equipment and vehicles 3 159 3 380 221
Losses on foreign transactions resulting from changes in foreign exchange rates
387 422 35
Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities
230 200 -30
Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets
1 854 1 315 -539
Mineral rights leased 0 0 0
Motor vehicle running expenses 2 088 2 855 767
Paper, printing and stationery 989 993 4
Postal and courier services 208 242 34
Property tax 315 428 113
Provisions 329 325 -4
Railage and transport-out 511 390 -121
Rental of land, buildings and other structures including water and electricity
15 539 17 129 1 590
Repair and maintenance 4 230 4 312 82
Research and development 426 485 59
Royalties, franchise fees, copyright, trade names, trademarks and patent rights
8 406 7 806 -600
Security services 1 483 1 380 -103
Staff training 781 836 55
Subcontractors 4 371 3 970 -401
Telecommunication services 2 112 2 186 74
Travelling, accommodation and entertainment 3 779 3 767 -12
Other 50 015 53 853 3 838
Total expenditure (D) 283 473 303 664 20 191
Net profit before providing for company tax and dividends (E)5 32 495 28 879 -3 616
Company tax paid or provided for during the financial year 6 288 5 497 -791
Dividends paid or provided for during the financial year 5 122 6 640 1 518
Net profit after providing for company tax and dividends 21 085 16 742 -4 343
1Excluding government and educational institutions. 2Revised. 3Preliminary. 4Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 5E=A-B+C-D.
STATISTICS SOUTH AFRICA 55 P0021
Annual financial statistics (AFS), 2019
Table 10.2 - Selected financial position items: Community, social and personal services1
Item
R million
20182 20193
Difference between 2018 and
2019
Assets
Non-current assets
Property, plant and equipment and intangible assets 120 232 117 497 -2 735
Long-term investments 34 172 33 326 -846
Other non-current assets 7 161 14 906 7 745
Total non-current assets 161 565 165 729 4 164
Current assets
Trade and other receivables 36 057 40 910 4 853
Cash and cash equivalents 35 947 36 482 535
Inventory 4 136 4 358 222
Other current assets 20 814 24 007 3 193
Total current assets 96 954 105 757 8 803
Total assets 258 519 271 486 12 967
Equity and liabilities
Total equity 110 102 116 588 6 486
Non-current liabilities
Long-term loans 38 929 49 808 10 879
Other non-current liabilities 18 322 18 138 -184
Total non-current liabilities 57 251 67 946 10 695
Current liabilities
Trade and other payables 36 760 35 371 -1 389
Bank overdraft 2 484 2 788 304
Other current liabilities 51 922 48 793 -3 129
Total current liabilities 91 166 86 952 -4 214
Total liabilities 148 417 154 898 6 481
Total equity and liabilities 258 519 271 486 12 967
1Excluding government and educational institutions. 2Revised. 3Preliminary.
STATISTICS SOUTH AFRICA 56 P0021
Annual financial statistics (AFS), 2019
Table 10.3 - Carrying value of property, plant and equipment and intangible assets: Community, social and personal services1
20182
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)3
Tangible assets
Land 7 198 369 274 6 -133 98 7 068
Residential buildings 5 634 77 48 5 34 40 5 662
Non-residential buildings 34 307 2 011 128 61 -606 678 34 967
Construction works, roads and parking areas 5 466 1 268 56 -2 287 451 6 512
Land improvements 149 32 0 0 0 22 159
Network equipment 55 15 0 0 0 3 67
Computers and other IT equipment 1 556 629 51 12 56 640 1 562
Motor vehicles and other transport equipment 8 560 2 114 159 22 20 1 530 9 027
Plant, machinery and other office equipment 21 621 5 524 762 -119 300 4 693 21 871
Capital work in progress 3 629 2 373 341 21 -1 343 13 4 326
Other property, plant and equipment 1 023 257 30 7 0 351 906
Intangible assets
Computer software 1 209 270 22 -28 -27 310 1 092
Databases 8 0 0 0 0 0 8
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 2 343 70 13 -321 -203 125 1 751
Goodwill and marketing assets 19 189 104 9 -18 0 91 19 175
Research and development 9 0 0 0 0 0 9
Entertainment, literary and artistic originals 696 232 0 0 0 184 744
Contracts, leases and licences 4 946 93 0 45 -4 434 4 646
Capital work in progress 169 39 9 0 -7 0 192
Other intellectual property and products 604 9 17 1 0 109 488
Total 118 371 15 486 1 919 -308 -1 626 9 772 120 232
1Excluding government and educational institutions. 2Revised. 3G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 57 P0021
Annual financial statistics (AFS), 2019
Table 10.3 - Carrying value of property, plant and equipment and intangible assets: Community, social and personal services (concluded)1
20192
R million
Carrying value at the beginning of the financial
year
Additions (capital
expenditure)
Disposal of assets
Revaluation and other
adjustments to carrying
value
Transfers-in and/or
transfers-out
Depreciation and
amortisation
Carrying value at the end of the
financial year
(A) (B) (C) (D) (E) (F) (G)3
Tangible assets
Land 3 946 586 205 4 -38 98 4 195
Residential buildings 4 634 391 2 -72 86 40 4 997
Non-residential buildings 29 856 2 817 115 83 2 779 724 34 696
Construction works, roads and parking areas 7 705 1 271 49 32 -536 540 7 883
Land improvements 219 15 0 62 0 45 251
Network equipment 72 18 0 0 0 51 39
Computers and other IT equipment 1 651 592 35 8 42 667 1 591
Motor vehicles and other transport equipment 6 270 1 759 305 8 134 1 719 6 147
Plant, machinery and other office equipment 24 145 5 866 518 28 994 5 998 24 517
Capital work in progress 4 318 1 929 541 -14 -2 079 63 3 550
Other property, plant and equipment 869 228 38 51 -1 258 851
Intangible assets
Computer software 1 085 294 33 -19 -13 269 1 045
Databases 0 0 0 0 0 0 0
Mineral exploration 0 0 0 0 0 0 0
Patents and trademarks 1 811 76 69 0 7 34 1 791
Goodwill and marketing assets 20 177 625 65 186 -2 82 20 839
Research and development 10 0 0 0 0 0 10
Entertainment, literary and artistic originals 2 49 0 0 0 1 50
Contracts, leases and licences 4 757 134 31 49 0 495 4 414
Capital work in progress 24 2 2 0 -9 13 2
Other intellectual property and products 359 302 4 11 -5 34 629
Total 111 910 16 954 2 012 417 1 359 11 131 117 497
1Excluding government and educational institutions. 2Preliminary. 3G=A+B-C+D+E-F.
STATISTICS SOUTH AFRICA 58 P0021
Annual financial statistics (AFS), 2019
Table 11 - Comparison of selected operating ratios between 2018 and 2019
Industry
Net profit margin ratio1
Assets turnover ratio2
Dividends payout ratio3
Debt to equity ratio4
Debt to assets ratio5
20186 20197 20186 20197 20186 20197 20186 20197 20186 20197
Forestry and fishing 0,07 0,10 0,68 0,67 0,58 1,30 1,24 1,04 0,55 0,51
Mining and quarrying 0,01 0,08 0,59 0,61 1,81 0,53 1,62 1,65 0,62 0,62
Manufacturing 0,04 0,03 1,44 1,46 0,67 0,75 1,80 1,82 0,64 0,65
Electricity, gas and water supply 0,03 -0,04 0,23 0,27 0,56 -0,44 3,84 3,75 0,79 0,79
Construction 0,02 0,03 1,01 0,91 0,36 0,18 3,62 3,75 0,78 0,79
Trade 0,03 0,02 2,36 2,27 0,35 0,37 2,39 2,18 0,71 0,69
Transport, storage and communication 0,05 0,02 0,80 0,82 0,46 0,86 2,05 2,14 0,67 0,68
Activities auxiliary to financial intermediation, real estate and other business services8
0,17 0,16 0,33 0,31 0,38 0,41 1,74 1,58 0,63 0,61
Community, social and personal services9 0,09 0,08 1,11 1,11 0,20 0,28 1,35 1,33 0,57 0,57
All industries 0,05 0,04 0,94 0,94 0,47 0,52 2,02 1,93 0,67 0,66
1Net profit after providing for company tax / Turnover. 2Turnover / Total assets. 3Dividends / Net profit after providing for company tax. 4Total liabilities / Total equity. 5Total liabilities / Total assets. 6Revised. 7Preliminary. 8Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 9Excludes government and educational institutions.
STATISTICS SOUTH AFRICA 59 P0021
Annual financial statistics (AFS), 2019
Table 11 - Comparison of selected operating ratios between 2018 and 2019 (concluded)
Industry Current ratio1 Quick ratio2
Net working capital ratio3
Return on equity (ROE)4
Return on assets (ROA)5
20186 20197 20186 20197 20186 20197 20186 20197 20186 20197
Forestry and fishing 1,39 1,86 1,13 1,48 0,09 0,15 0,11 0,14 0,05 0,07
Mining and quarrying 1,03 1,03 0,77 0,73 0,01 0,01 0,02 0,12 0,01 0,05
Manufacturing 1,37 1,31 0,86 0,81 0,14 0,12 0,15 0,14 0,05 0,05
Electricity, gas and water supply 0,56 0,72 0,43 0,52 -0,08 -0,04 0,04 -0,06 0,01 -0,01
Construction 1,16 1,60 0,90 1,11 0,07 0,23 0,07 0,13 0,02 0,03
Trade 1,33 1,39 0,82 0,86 0,16 0,19 0,21 0,17 0,06 0,05
Transport, storage and communication 0,92 0,93 0,87 0,88 -0,03 -0,02 0,13 0,06 0,04 0,02
Activities auxiliary to financial intermediation, real estate and other business services8
1,02 0,96 0,98 0,92 0,01 -0,01 0,15 0,13 0,06 0,05
Community, social and personal services9 1,06 1,22 1,02 1,17 0,02 0,07 0,24 0,20 0,10 0,09
All industries 1,14 1,18 0,85 0,86 0,05 0,06 0,13 0,12 0,04 0,04
1Current assets / Current liabilities. 2Quick assets / Current liabilities (Quick assets = current assets - inventories). 3Net working capital / Total assets (Net working capital = current assets - current liabilities). 4Net profit after providing for company tax / Total equity. 5Net profit after providing for company tax / Total assets. 6Revised. 7Preliminary. 8Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 9Excludes government and educational institutions.
STATISTICS SOUTH AFRICA 60 P0021
Annual financial statistics (AFS), 2019
Technical notes
Confidence intervals The 95% confidence intervals of a population parameter (turnover) are obtained as follows:
Lower limit
= lower 95% confidence limit of a population parameter
= estimate – 1,96* standard error (estimate);
and
Upper limit
= upper 95% confidence limit of a population parameter
= estimate + 1,96* standard error (estimate).
Standard error (SE) Standard error = Upper limit (R million) - Lower limit (R million)
2 * 1,96
Relative standard error (RSE)
Neyman optimal allocation
RSE = SE (estimate)*100
estimate
The estimates contained in this publication are based on information obtained from a
sample drawn from units in the surveyed population. The estimates are subject to sampling
variability. That is, they may differ from the figures that would have been produced if all
units had been included in the survey.
One measure of the likely difference is given by the standard error (SE), which indicates
the extent to which an estimate might have varied by chance because only a sample of
units was included. The relative standard error (RSE) provides an immediate indication of
the percentage errors likely to have occurred due to sampling.
Enterprises on the business sampling frame are placed into strata, since a stratified sample
design is used. Each stratum contains two parts of information, viz. the industrial sector
(primary stratum) to which an enterprise belongs and the size group (secondary stratum)
to which an enterprise is assigned. The industrial sector is derived from the SIC (Standard
Industrial Classification) variable and the size group is based on a measure of size
(turnover). The Neyman optimal allocation formula used to allocate samples to each
stratum is given by the formula below:
nh =
Where Nh and Sh are the stratum population size and the stratum standard deviation, respectively.
NhSh
NhSh
STATISTICS SOUTH AFRICA 61 P0021
Annual financial statistics (AFS), 2019
Table A – Estimates of turnover by industry within 95% confidence limits: 2018 and 2019
Industry
20181 20192
Lower limit Estimates Upper limit RSE
Lower limit Estimates Upper limit RSE
R million R million
Forestry and fishing 32 460 33 909 35 358 2,2 35 074 36 501 37 928 2,0
Mining and quarrying 661 963 667 413 672 863 0,4 747 094 750 489 753 884 0,2
Manufacturing 2 648 923 2 676 526 2 704 129 0,5 2 843 918 2 868 930 2 893 942 0,4
Electricity, gas and water supply 241 577 244 658 247 739 0,6 251 437 254 343 257 249 0,6
Construction 447 070 475 336 503 602 3,0 446 524 480 662 514 800 3,6
Trade 3 605 461 3 694 520 3 783 579 1,2 3 735 741 3 830 762 3 925 783 1,3
Transport, storage and communication 846 538 867 572 888 606 1,2 876 204 901 157 926 110 1,4
Activities auxiliary to financial intermediation, real estate and other business services3
948 830 994 995 1 041 160 2,4 1 015 519 1 072 425 1 129 331 2,7
Community, social and personal services4 279 963 287 532 295 101 1,3 291 524 301 416 311 308 1,7
All industries 9 712 785 9 942 461 10 172 137 0,6 10 243 035 10 496 685 10 750 335 0,6
1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions.
STATISTICS SOUTH AFRICA 62 P0021
Annual financial statistics (AFS), 2019
Table B – Turnover by industry for 2018 and 2019 percentage contribution1
Industry
20182 20193
Turnover % of total turnover
Turnover % of total turnover R million R million
Forestry and fishing 33 909 0,3 36 501 0,3
Mining and quarrying 667 413 6,7 750 489 7,1
Manufacturing 2 676 526 26,9 2 868 930 27,3
Electricity, gas and water supply 244 658 2,5 254 343 2,4
Construction 475 336 4,8 480 662 4,6
Trade 3 694 520 37,2 3 830 762 36,5
Transport, storage and communication 867 572 8,7 901 157 8,6
Activities auxiliary to financial intermediation, real estate and other business services4
994 995 10,0 1 072 425 10,2
Community, social and personal services5 287 532 2,9 301 416 2,9
All industries 9 942 461 100 10 496 685 100
1The aggregates of the SIC contributions may not add up to totals due to rounding-off.
2Revised. 3Preliminary. 4Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 5Excludes government and educational institutions.
Table C – Turnover by industry and percentage change
Industry 20181 20192
Difference between 2018 and
2019
R million R million %
Forestry and fishing 33 909 36 501 7,6
Mining and quarrying 667 413 750 489 12,4
Manufacturing 2 676 526 2 868 930 7,2
Electricity, gas and water supply 244 658 254 343 4,0
Construction 475 336 480 662 1,1
Trade 3 694 520 3 830 762 3,7
Transport, storage and communication 867 572 901 157 3,9
Activities auxiliary to financial intermediation, real estate and other business services3
994 995 1 072 425 7,8
Community, social and personal services4 287 532 301 416 4,8
All industries 9 942 461 10 496 685 5,6
1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions.
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Annual financial statistics (AFS), 2019
Table D – Purchases by industry and percentage change
Industry 20181 20192
Difference between 2018 and
2019
R million R million %
Forestry and fishing 16 581 18 225 9,9
Mining and quarrying 258 893 302 611 16,9
Manufacturing 1 787 671 1 931 857 8,1
Electricity, gas and water supply 104 681 125 746 20,1
Construction 248 363 251 488 1,3
Trade 2 834 776 2 969 673 4,8
Transport, storage and communication 310 467 321 638 3,6
Activities auxiliary to financial intermediation, real estate and other business services3
238 863 261 083 9,3
Community, social and personal services4 67 804 71 856 6,0
All industries 5 868 099 6 254 177 6,6
1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions.
Table E – Employment cost by industry and percentage change
Industry 20181 20192
Difference between 2018 and
2019
R million R million %
Forestry and fishing 6 615 6 819 3,1
Mining and quarrying 131 363 138 906 5,7
Manufacturing 300 264 311 138 3,6
Electricity, gas and water supply 30 648 34 345 12,1
Construction 93 035 91 166 -2,0
Trade 304 166 318 385 4,7
Transport, storage and communication 134 625 136 883 1,7
Activities auxiliary to financial intermediation, real estate and other business services3
300 172 306 231 2,0
Community, social and personal services4 87 668 94 748 8,1
All industries 1 388 556 1 438 621 3,6
1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions.
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Annual financial statistics (AFS), 2019
Table F – Capital expenditure by industry and percentage change
Industry 20181 20192
Difference between 2018 and
2019
R million R million %
Forestry and fishing 2 454 2 440 -0,6
Mining and quarrying 74 208 83 800 12,9
Manufacturing 106 285 110 625 4,1
Electricity, gas and water supply 79 859 57 713 -27,7
Construction 17 819 13 595 -23,7
Trade 61 954 61 280 -1,1
Transport, storage and communication 91 511 87 013 -4,9
Activities auxiliary to financial intermediation, real estate and other business services3
42 172 42 312 0,3
Community, social and personal services4 15 486 16 954 9,5
All industries 491 748 475 732 -3,3
1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions.
Table G – Carrying value of property, plant and equipment and intangible assets by industry and percentage change
Industry 20181 20192
Difference between 2018 and
2019
R million R million %
Forestry and fishing 14 276 15 944 11,7
Mining and quarrying 513 398 548 984 6,9
Manufacturing 593 187 634 361 6,9
Electricity, gas and water supply 911 767 791 108 -13,2
Construction 72 639 80 458 10,8
Trade 329 660 330 236 0,2
Transport, storage and communication 654 987 652 168 -0,4
Activities auxiliary to financial intermediation, real estate and other business services3
221 690 236 671 6,8
Community, social and personal services4 120 232 117 497 -2,3
All industries 3 431 836 3 407 427 -0,7
1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions.
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Annual financial statistics (AFS), 2019
Table H – Number of enterprises per industry5
Industry 20181 20192
Forestry and fishing 1 458 1 437
Mining and quarrying 2 801 2 824
Manufacturing 50 191 49 776
Electricity, gas and water supply 1 296 1 451
Construction 39 608 39 108
Trade 105 308 101 660
Transport, storage and communication 17 174 16 748
Activities auxiliary to financial intermediation, real estate and other business services3
104 176 102 751
Community, social and personal services4 28 899 28 821
All industries 350 911 344 576
1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions. 5Total number of enterprises per industry in the AFS survey frame.
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Annual financial statistics (AFS), 2019
Table I – Department of Trade, Industry and Competition (DTIC) cut-off points
AFS 20181 - Enterprise size based on turnover
Industry
Large
(Size-group 1)
Medium
(Size-group 2)
Small
(Size-group 3)
Very small
(Size-group 4)
Turnover lower limits
(R’000)
SIC 1: Forestry and fishing 32 500 19 500 3 250 2 000
SIC 2: Mining and quarrying 253 500 65 000 26 000 2 000
SIC 3: Manufacturing 331 500 84 500 32 500 2 000
SIC 4: Electricity, gas and water supply 331 500 84 500 33 150 2 000
SIC 5: Construction 169 000 39 000 19 500 2 000
SIC 61: Wholesale trade 416 000 208 000 39 000 2 000
SIC 62 and 63: Retail and motor trade 253 500 123 500 26 000 2 000
SIC 64: Accommodation and catering 84 500 39 000 33 150 2 000
SIC 7: Transport, storage and communication 169 000 84 500 19 500 2 000
SIC 8: Activities auxiliary to financial
intermediation, real estate and other business
services2
169 000 84 500 19 500 2 000
SIC 9: Community, social and personal
services3 84 500 39 000 6 500 2 000
AFS 20194 - Enterprise size based on turnover
Industry
Large
(Size-group 1)
Medium
(Size-group 2)
Small
(Size-group 3)
Very small
(Size-group 4)
Turnover lower limits
(R’000)
SIC 1: Forestry and fishing 35 000 21 000 3 500 2 000
SIC 2: Mining and quarrying 273 000 70 000 28 000 2 000
SIC 3: Manufacturing 357 000 91 000 35 000 2 000
SIC 4: Electricity, gas and water supply 357 000 91 000 35 000 2 000
SIC 5: Construction 182 000 42 000 21 000 2 000
SIC 61: Wholesale trade 448 000 224 000 42 000 2 000
SIC 62 and 63: Retail and motor trade 273 000 133 000 28 000 2 000
SIC 64: Accommodation and catering 91 000 42 000 35 700 2 000
SIC 7: Transport, storage and communication 182 000 91 000 21 000 2 000
SIC 8: Activities auxiliary to financial
intermediation, real estate and other business
services2
182 000 91 000 21 000 2 000
SIC 9: Community, social and personal
services3 91 000 42 000 7 000 2 000
1DTIC 2003 cut-off points were adjusted by a factor of 6,5. 2Excluding financial intermediation, insurance, pension funding and other business activities not elsewhere classified. 3Excluding government and educational institutions. 4DTIC 2003 cut-off points were adjusted by a factor of 7,0.
Source: National Small Business Amendment Bill - DTIC 2003 (factor adjustment by Stats SA).
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Annual financial statistics (AFS), 2019
Explanatory notes
Background Stats SA conducts the Annual financial statistics (AFS) survey to collect a range of financial statistics in respect of enterprises in the formal business sector of the South African economy, excluding agriculture and hunting services, financial intermediation, insurance, pension funding and business services not elsewhere classified, government and educational institutions. Information is collected for the financial year of enterprises that ended on any date between 1 July of a particular year and 30 June of the following year. The primary goal of the survey is to provide inputs to the GDP estimates. The AFS can be used independently for industry analyses from both an accounting and econometric perspective. Other users include the South African Reserve Bank, government organisations, researchers and academics. The statistical release contains information regarding:
income and expenditure items;
inventories;
net profit before providing for company tax and dividends;
company tax paid or provided for during the financial year;
dividends paid or provided for during the financial year;
statement of financial position items;
property, plant and equipment and intangible assets;
selected operating ratios; and
population size of enterprises per industry. Additional information available on the Stats SA website includes:
time series estimates per industry;
estimates by business size per industry; and
disaggregated industry estimates.
Purpose of the survey The purpose of the AFS is to derive a set of measures of industry performance based on information available from the financial statements of enterprises. Results of the survey are used in compiling estimates of the annual gross domestic product (GDP) and its components, which in turn are used to develop and monitor government policy. The statistics are also used by the private sector in analyses of comparative industry performance. Enterprises can assess their own performance against that of their industry, in terms of a range of operating ratios. The results are published annually in statistical release P0021: Annual financial statistics.
Scope of the survey The AFS survey covers financial statistics of the following industries according to the Standard Industrial Classification of all Economic Activities (SIC), Fifth edition, January 1993:
forestry and fishing;
mining and quarrying;
manufacturing;
electricity, gas and water supply;
construction;
trade;
transport, storage and communication;
activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance, pension funding and business services not elsewhere classified); and
community, social and personal services (excluding government and educational institutions).
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Annual financial statistics (AFS), 2019
Classification Collection rate
The 1993 edition of the Standard Industrial Classification of all Economic Activities (SIC), Fifth edition, January 1993, was used to classify the enterprises in the survey. The SIC is based on the 1990 International Standard Industrial Classification of all Economic Activities (ISIC) with suitable adaptations for local conditions. Statistics in this publication are only presented at industry level, i.e. one digit level (SIC major division). Each enterprise is classified to an industry which reflects the predominant activity of the enterprise. The preliminary collection rate for the AFS 2019 survey was 76,1%. The revised collection rate for AFS 2018 was 84,2% and the preliminary collection rate for AFS 2018 was 83,8%.
Statistical unit The statistical unit for the collection of information in this survey is the enterprise, defined as a legal unit (or combination of legal units) that includes and directly controls all functions necessary to carry out its activities.
Survey methodology and design
The survey is conducted annually. All enterprises are first stratified by the predominant type of activity according to the SIC, then by size, using turnover as a measure of size. All enterprises in the size group representing the largest enterprises according to turnover were selected. These large enterprises accounted for approximately 39% of the total sample. For medium and small enterprises, samples were drawn by randomly selecting the allocated number of enterprises within the other size groups and each industry. A sample of 12 867 enterprises was drawn for the AFS 2019. The data reported by enterprises in the sample are weighted to represent all enterprises in the population. Weights for size groups 2 to 4 can be large due to sample design and non-response.
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Annual financial statistics (AFS), 2019
Main reasons for fluctuations
Fluctuations between the AFS 2018 and AFS 2019 estimates can be attributed to numerous factors, the more prominent being:
the sample population and composition between 2018 and 2019 are not necessarily comparable;
restating of previous estimates due to International Financial Reporting Standards (IFRS);
revisions to the previous year made in the event of new or revised information being furnished by the respondents;
restructuring of large businesses;
exchange rate changes;
changes in the classification of enterprises to different industries; and
the cut-off points for different industries may vary from year to year. Differences in accounting policy and practices across businesses and industries can also lead to some inconsistencies in the data used to compile the estimates. While much of the accounting process is subject to standards, there remains a great deal of flexibility available to businesses in the accounting policies and practices they adopt. The imprecision due to sampling variability, which is measured by the standard error, is not to be confused with inaccuracies that may occur because of inadequacies in available sources from which the population frame was compiled, imperfections in reporting by providers, errors made in collection and errors made in processing data. Inaccuracies of this kind are collectively referred to as non-sampling error and they may occur in any enumeration, whether it is a full count or a sample. While it is not possible to quantify non-sampling error, every effort is made to assist businesses to complete questionnaires accurately. Efficient and effective operating procedures and systems are used to compile the statistics. Closing (2018) and opening (2019) values of inventory and carrying values of property, plant and equipment and intangible assets do not correspond due to non-overlapping enterprises between the two samples and other sampling factors. Thus, differences in closing 2018 values and the opening 2019 values will be reflected in all the industries. The above factors are not meant to imply that analyses based on these data should be avoided, only that they should be borne in mind when interpreting the data presented in this publication.
Comparison of results with the Quarterly financial statistics (QFS) survey and monthly surveys
The AFS may not necessarily be comparable with other Stats SA surveys due to various factors, including:
classification differences between survey periods;
restructuring of businesses;
different cut-off points for size groups; and
different sampling specifications.
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Annual financial statistics (AFS), 2019
Comparison of results with Quarterly employment statistics (QES) survey
Employment cost estimates produced in this publication are based on information as defined by the International Accounting Standards 19 (IAS19) from an accounting perspective. The Quarterly employment statistics (QES) survey produces estimates for employment and earnings from a payroll perspective. The differences between the AFS employment cost and QES earnings can be attributed but not limited to:
accounting and payroll timing differences in the recognition of employment-related transactions;
classification differences between surveys;
different sampling frames;
different sampling methodology and sampling specifications;
definitional issues;
information sources (information from the payroll administrator vs. information from the accounting officer); and
restructuring of businesses.
Rounding off Where figures have been rounded off, discrepancies may occur between the sums of the component items and totals.
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Annual financial statistics (AFS), 2019
Glossary
Additions The acquisition of land, property, plant and equipment and intangible
assets. This comprises capital expenditure on new and existing assets.
Carrying value of property, plant and equipment and intangible assets
Carrying value of property, plant and equipment and intangible assets is the value at a specific time after deducting depreciation, amortisation and adjustments from the original cost. Carrying value of property, plant and equipment and intangible assets includes:
land and land improvements;
residential and non-residential buildings;
construction works, roads, parking areas and leasehold improvements;
network equipment;
computers and other information technology (IT) equipment;
motor vehicles, trucks, aircrafts, boats, trailers, locomotives and other transport equipment;
plant, machinery, furniture and fittings, tools, earthmoving equipment, furnaces, kilns, containers, fax machines, printers and copiers;
capital work in progress (tangible and intangible);
other property, plant and equipment;
computer software and databases;
mineral exploration and evaluation;
patents and trademarks;
goodwill and marketing assets;
research and development;
entertainment, literary and artistic originals;
contracts, leases and licences; and
other intellectual property products.
Company tax paid or provided
Company tax brought into account consists of taxes on incomes, profits and capital gains, excluding value added tax (VAT). They are assessed on the actual or presumed incomes of enterprises and exclude employees’ taxes and compulsory loan levies.
Current assets These are assets which can be converted into cash within 12 months. They include:
trade and other receivables;
cash and cash equivalents;
inventory; and
other current assets.
Current liabilities Current liabilities are debts or obligations that are due within 12 months. They include:
trade and other payables;
bank overdraft; and
other current liabilities.
Disposal of assets The sale or retirement of land, property, plant and equipment and intangible assets.
Dividends paid Dividends paid include cash dividends and other dividends such as capitalisation issues or scrip dividends or capitalisation shares.
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Annual financial statistics (AFS), 2019
Employment cost Employment cost includes:
salaries and/or fees paid to directors, executives and managers;
commission paid if a retainer, wage or salary was also paid;
employer's contribution to pension, provident, medical aid, sick pay and other funds;
payments made from South Africa to employees based abroad;
payments for all types of leave;
fringe benefits paid in cash;
allowances and penalty payments;
severance, termination and redundancy payments to staff;
bonuses; and
employee share-based payment expenses.
Enterprise An enterprise is a legal unit or a combination of legal units that includes and directly controls all functions necessary to carry out its activities.
Equity Equity is the residual interest in the enterprise’s assets after deducting its liabilities.
Government institutions
The AFS excludes general government institutions, which consist of:
national government;
provincial government;
local government;
extra-budgetary accounts and funds; and
public financial corporations.
Industry An industry consists of a group of enterprises engaged in the same or similar kinds of economic activity, and is classified according to the Standard Industrial Classification of all Economic Activities (SIC), Fifth edition, January 1993.
Intangible assets An intangible asset is an identifiable non-monetary asset without physical substance held for use in the production or supply of goods or services.
Interest The price paid for the use of borrowed money or money earned by deposited funds.
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS) are international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the Accounting Standard Board. The purpose of IFRS is to improve transparency and comparability within financial reporting and introduce consistency in accounting.
Inventories Inventories at year end include:
raw materials or materials for processing, packaging materials, fuel, consumable and maintenance stores;
work in progress (partially completed); and
finished goods (own manufactures) and finished goods not produced by the enterprise but purchased for resale.
Net profit after tax Net profit after tax is net profit or loss less company tax paid or
provided for during the financial year.
Net profit before providing for company tax and dividends
The net profit or loss of an enterprise prior to providing for tax and dividends is calculated as total income less total expenditure less opening value of inventories plus closing value of inventories.
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Annual financial statistics (AFS), 2019
Non-current assets Non-current assets are assets not expected to be converted into cash, sold or exchanged within the normal 12-month operating cycle of the enterprise. They include:
property, plant and equipment and intangible assets;
long-term investments; and
other non-current assets.
Non-current liabilities Non-current liabilities are liabilities that are not required to be paid within 12 months. They include:
long-term loans; and
other non-current liabilities.
Other expenditure Other expenditure includes:
cleaning services;
professional services, e.g. audit and other professional business services, management and administration fees, legal expenses and data processing services; and
subscriptions.
Property, plant and equipment
Property, plant and equipment are tangible assets that an enterprise holds for its own use and expects to use during more than one financial year.
Purchases Purchases include:
raw materials, components and consumables used in production;
fuel and spare parts for vehicles and off-road vehicles;
purchases and transfers-in of finished goods, intermediate products and partially completed goods from related enterprises; and
goods for resale.
Rental of land, buildings and other structures
Rental of land, buildings and other structures includes water and electricity services paid.
Statement of financial position
A financial statement that summarises a company's assets, liabilities and shareholders' equity at a specific point in time.
Turnover
Turnover includes:
sales of goods;
services rendered;
leasing and hiring of motor vehicles and other transport equipment under operating leases;
leasing and hiring of plant, machinery and equipment;
mineral rights leased; and
rental and leasing of land, buildings and other structures under operating leases.
Turnover for only South African-based activities of the enterprise is reflected in this publication.
Value-added tax (VAT) VAT is an indirect tax which is levied on goods and services. AFS estimates exclude VAT.
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Annual financial statistics (AFS), 2019
Symbols and abbreviations
AFS
DTIC
SIS
GDP
IFRS
ISIC
m
RSE
SE
SIC
Stats SA
QES
QFS
VAT
Annual financial statistics
Department of Trade, Industry and Competition
Structural industry statistics
Gross domestic product
International Financial Reporting Standards
International Standard Industrial Classification
million
Relative standard error
Standard error
Standard Industrial Classification of all Economic Activities
Statistics South Africa
Quarterly employment statistics
Quarterly financial statistics
Value added tax
Technical enquiries
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Annual financial statistics (AFS), 2019
General information
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