66 INTEGRATED ANNUAL REPORT 2024 Current board of directors: AV Schefermann AV Schefermann HG Niebuhr HG Niebuhr NC Motloli V Dladla L Naidoo SUBSIDIARY ACTIVITIES (R’000) BAYFIBRE FOREST (PTY) LTD RESOURCES (PTY) LTD 2024 2023 2024 2023 Profit / (loss) before tax (4 699) 55 505 10 255 80 525 Profit / (loss) after tax (3 432) 42 012 7 471 60 563 Farm profit / (loss) before plantation revaluation (21 043) (237) 5 802 57 651 Favourable plantation revaluation 27 717 39 613 4 453 22 874 Dividends declared 0 9 957 0 5 995 Net worth 376 016 379 448 196 492 189 021 Current assets exceed current liabilities by 58 933 95 093 91 778 89 022 Farm area 4 335 4 347 2 224 2 224 2 timber farms 1 timber farm
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