Annual Report - JD Group
Annual Report - JD Group
Annual Report - JD Group
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37<br />
2004 2003<br />
Rm Rm<br />
4. Finance costs – net<br />
Interest paid<br />
Finance costs 202 181<br />
Fair value losses on financial instruments 5 22<br />
207 203<br />
Interest received<br />
Finance income (58) (21)<br />
Fair value gains on financial instruments (4) (28)<br />
(62) (49)<br />
Finance costs – net 145 154<br />
5. Income before taxation<br />
is stated after taking account of the following items:<br />
Auditors’ remuneration<br />
Audit fees – current 4,7 2,5<br />
– prior 2,9 1,0<br />
Other services 2,4 3,3<br />
Expenses 0,1 0,1<br />
10,1 6,9<br />
Depreciation of property, plant and equipment<br />
Owned 89,7 65,1<br />
Leased 3,9 2,0<br />
93,6 67,1<br />
Directors’ remuneration (see disclosure on page 18)<br />
Services as directors 0,7 0,6<br />
Other services (included in the management fees below) 15,8 12,8<br />
16,5 13,4<br />
Fair value losses/(gains) on embedded derivatives 1,1 (13,1)<br />
Foreign exchange losses 19,0 0,2<br />
Foreign exchange losses on translation of foreign operations<br />
Goodwill<br />
19,3 –<br />
Amortisation 2,0 5,4<br />
Loss on disposal and closure of BoConcept (including impairment of goowill)<br />
Management fees<br />
49,9 –<br />
Sustein Management (Pty) Ltd (includes directors’ remuneration – other services)<br />
Operating leases<br />
24,8 19,8<br />
Business premises 377,1 298,2<br />
Office equipment 21,3 9,6<br />
398,4 307,8<br />
Retirement benefit costs<br />
Defined contribution funds 60,8 41,3<br />
Defined benefit funds 6,9 6,3<br />
67,7 47,6<br />
Surplus on disposal of property, plant and equipment<br />
Owned (7,0) (1,9)<br />
Trademark amortisation 13,6 13,7
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