57 INTEGRATED ANNUAL REPORT 2022 CO-OPERATIVE Turnover R’000 Net profit before tax R’000 2021 2 100 741 2022 2 757 194 2022 55 724 2021 11 748 GROUP Turnover R’000 Net profit/(loss) before tax R’000 2021 2 098 730 2022 2 754 038 2022 64 299 2021 (3 610) TONNES Purchased Sold 2022 2 102 742 2 076 404 2021 1 527 715 1 490 158 MEMBERS’ BONUS No bonus has been provided for in the current or prior year TONNES PURCHASED FARMS – Turnover R’000 2022 291 810 2021 171 459 Less inter-group dividends Diversified markets & prices 9% stronger (lower) exchange rate 39% increase in tonnes sold MILLS 31 vessels | 6 customers | 3 countries Exchange rate achieved R14.76 : 1 USD R2.4 billion turnover Mill delivered prices stable due to higher volumes traded against stronger exchange rate Gross profit percentage remained low Eucalyptus Acacia Other timber 59% 22% 16% 2022 1 027 264 999 330 76 148 2021 644 867 817 150 65 698 NCT OWNED/LEASED FARMS Turnover R’000 2022 205 144 2021 115 928 Farm profits before revaluation & tax R’000 2022 45 029 2021 14 278 Plantation revaluation R’000 2022 (40 641) 2021 (3 670) FINANCIAL REPORT - HIGHLIGHTS FINANCIAL REPORT – HIGHLIGHTS
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