Grindrod : 2023 Grindrod Limited Interim Results - Additional Information for Analysts

Segmental balance sheet as at 30 June 2023

Rmillion				Total		Private
				Marine
	Port and	Logistics	Group	continuing	equity and	Total
	Terminals	operations	Fuels	property
Fixed assets	2 311	1 856	1 216		2	-
5 383	5 385
Intangible assets	430	533	8	971	-	-	971
Investment and other non-current assets	1 034	281	179	1 494	35	414	1 943
Loans and advances	-	-	-	-	-	1 030	1 030
Current assets	1 068	2 024	1 045	4 137	1 535	124	5 796
Cash and cash equivalents	511	658	1 698	2 867	503	20	3 390
Total assets	5 354	5 352	4 146	14 852	2 075	1 588	18 515
Equity	3 310	2 191	1 605	7 106	706	1 147	8 959
Preference share capital	-	-	740	740	-	-	740
Non-controlling interest	(13)	(58)	-	(71)	-	(53)	(124)
Total interest-bearing debt	932	1 264	1 521	3 717	-	181	3 898
Other non-current liabilities	14	19	51	84	-	118	202
Current liabilities	1 111	1 936	229	3 276	1 369	195	4 840
Total equity and liabilities	5 354	5 352	4 146	14 852	2 075	1 588	18 515

GRINDROD LIMITED

Additional information for analysts for the six months ended 30 June 2023

Other segmental information as at 30 June 2023

R000																							Private
																					Marine								Total
					Port and	Logistics			Group	Total core	equity and	Segmental
					Terminals			operations	Fuels	property	adjustments		equity
Depreciation and amortisation
(84 315)	(64 704)	(23 110)	(172 129)	(340)	-	81 748	(90 721)
excluding right of use assets
Depreciation - right of use assets	(47 341)	(140 576)	(562)	(188 479)	-	-	87 884	(100 595)
								19 410						25 619				109 160		154 189		5 183				16 826				(46 314)			144 995
Interest income
	Interest expense		(13 948)	(18 512)	(83 602)	(116 062)		(456)			(12 034)				55 072		(73 480)
Interest paid - lease liabilities	(22 817)	(36 366)	(4 174)
(63 357)	-	-	39 037	(24 320)
Preference dividend	-	-	(13 339)	(13 339)	-	(22 467)	-	(35 806)
Balance sheet
				811 043			747 353			140 354		1 698 750		-			-			(949 639)			749 111
Lease liabilities

GRINDROD LIMITED

Additional information for analysts for the six months ended 30 June 2023

Legal net debt breakdown as at 30 June 2023

Rmillion
Bank and cash	2 455
Long-term loans	(1 426)
Lease liabilities	(565)
Current portion of long-term loans	(240)
Current portion of lease liabilities	(184)
Short-term borrowings and overdraft	(281)
Net debt	(241)

GRINDROD LIMITED

Additional information for analysts for the six months ended 30 June 2023

Segmental analysis for core operations for period ended 30 June 2023

R000

Revenue

Port and Terminals

Logistics

Group

Total core operations

Marine Fuels

Private equity and property

Total

Segmental adjustments * Port and Terminals Logistics

Marine Fuels

	Unaudited	Unaudited
	30 June 2023	30 June 2022 **
1 483 097
1 138 801
1 668 393	1 489 124
643 599	247 860
3 795 089	2 875 785
7 236 260	8 095 684
-	-
11 031 349	10 971 469
(8 561 094)	(8 749 892)
	(553 159)	(419 164)
	(771 675)	(235 044)
	(7 236 260)	(8 095 684)
	2 470 255	2 221 577

• For segment reporting, investments in joint ventures are accounted for using proportionate consolidation whereby the effective share of the Group's ownership is applied to each line item above. In the unaudited condensed consolidated interim financial statements, investments in joint ventures are equity accounted. Segmental adjustments relate to the effects of reversing proportionate consolidation to reconcile to the unaudited condensed consolidated interim financial statements.

• Re-presentedfor the impact of IFRS 5: Non-Current Assets held for Sale and Discontinued Operations and change in the composition of the segments. Refer to Segmental Information in the unaudited interim results and dividend announcement for the six months ended 30 June 2023.
  GRINDROD LIMITED
  Additional information for analysts for the six months ended 30 June 2023