62 INTEGRATED ANNUAL REPORT 2022 SUBSIDIARY ACTIVITIES (R’000) BAYFIBRE FOREST (PTY) LTD RESOURCES (PTY) LTD 2022 2021 2022 2021 Profit / (loss) before tax 12 385 28 097 13 956 (4 093) Profit / (loss) after tax 11 526 20 200 11 019 (3 034) Farm profit / (loss) before plantation revaluation 2 291 (1 907) (767) (9 206) Favourable / (unfavourable) plantation revaluation (12 582) 15 231 14 723 5 113 Dividends declared 9 957 25 974 0 0 Net worth 347 393 345 824 134 452 123 433 Current assets exceed current liabilities by: 111 411 80 397 62 129 (22 544) Farm area (hectares) 4 427 4 420 3 828 3 824 2 timber farms 2 timber farms Current board of directors: AV Schefermann AV Schefermann GL Freese HG Niebuhr NC Motloli MT Ngubane V Dladla
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