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<\/a><\/figure><\/div>\n\n\n“The difference between BEPS and HEPS is largely due to the net impact of write-offs of assets as well as profit\/loss on sale of assets for FY2024,” said the group.<\/p>\n\n\n\n
“For FY2023, the difference between BEPS and HEPS was largely due to the net impact of impairment of assets as well as profit\/loss on sale of assets.”<\/p>\n\n\n\n
“The table above includes normalised BEPS, which, in the prior year, excluded the once-off restructuring costs of R1,065 million and the related tax impact of R288 million, together with the once-off impairment charge of R13,017 million and the related tax impact of R3,477 million.”<\/p>\n\n\n\n
“Normalised HEPS for the prior year exclude the once-off restructuring costs of R1,065 million and the related tax impact of R288 million.”<\/p>\n\n\n\n
Next-generation revenue grew y roughly 7% and now comprises close to 80% of the total group revenue.<\/p>\n\n\n\n
Reported EBITDA grew by around 18%, while normalised EBITDA grew at approximately 5% as expected.<\/p>\n\n\n\n
The group said that the growth in earnings has been positively impacted by lower depreciation and write offs in FY2024 after asset impairments in FY2023.<\/p>\n\n\n\n
However, this growth was partially offset by higher net finance charges and foreign exchange and fair value movements in FY2024:<\/p>\n\n\n\n
- \n
- Total depreciation and amortisation for property, plant and equipment and intangible assets
decreased by approximately 23% from R7,145 million in the prior year;<\/li>\n<\/ul>\n\n\n\n<\/p>\n\n\n\n
- \n
- Write-offs of property, plant and equipment and intangible assets reduced to approximately R80
million from R13,508 million write-offs and impairments of property, plant and equipment, and
intangible assets in the prior year; and<\/li>\n<\/ul>\n\n\n\n<\/p>\n\n\n\n
- Write-offs of property, plant and equipment and intangible assets reduced to approximately R80