Notes to the Group financial statements

for the year ended 30 June

  R million   2014   2013  
8.   EBITDA RECONCILIATION      
  Operating profit   1 679   1 880  
  Depreciation and amortisation   958   851  
  Property and equipment rentals   148   104  
  Pre-opening Maslow lease rentals   –   24  
  Net profit on disposal of property, plant and equipment   (9)  –  
  Impairment of Maslow assets   39   –  
  Pre-opening expenses   36   37  
  Restructure costs   165   –  
  Settlement of BEE shareholder options   16   –  
  Employee benefits   –   (15) 
  Insurance captive trust distribution   (25)  –  
  Other   13   4  
  Reversal of Dinokana and Employee Share Trusts’ consolidation*   32   35  
  EBITDA   3 052   2 920  
 

* The consolidation of the Dinokana and Employee Share Trusts are reversed as the Group does not receive the economic benefits of these trusts.