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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Innscor Africa

INN.VX · Victoria Falls Stock Exchange · Consolidated statements

On this page
Company details
Legal name
Innscor Africa Limited
Listing
INN.VX on the Victoria Falls Stock Exchange, active · ISIN ZWVX09010054 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
30 June

Overview

Year ended 30 June 2025 · annual report, signed / final · source

Source and wording notes

  • Auditor's report, year to 2024-06-30: qualified opinion ('except for')

    The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Basis for Qualified Opinion — 'Comparative information: Non-compliance with International Accounting Standard 21 (IAS 21), The Effects of Changes in Foreign Exchange Rates in the translation of comparative financial information': on changing its functional currency from ZWL to USD at 1 July 2022 the Group translated balances at the spot rates of the dates the amounts initially arose rather than at the spot rate at the date of change; the misstatement is not contained in the 30 June 2023 statement of financial position (it was dealt with in the FY2023 profit or loss), but the opinion is modified for the possible effects on the comparability of the current and corresponding figures in the statement of profit or loss and other comprehensive income, which have not been quantified but are considered material (PDF p125).

    Source: Innscor Africa Limited Annual Report 2024, p125 (dated 2024-09-26)

  • Auditor's report, year to 2023-06-30: qualified opinion ('except for')

    The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Basis for Qualified Opinion (PDF p123): (i) IAS 8 — the Group changed from the cost model to the revaluation model for property, plant and equipment during the year but applied the change retrospectively from the year ended 30 June 2022; had IAS 8 been followed, comparative PPE (USD 258 611 731) would be lower by USD 161 444 738, reserves by USD 127 879 749 and the deferred tax liability by USD 33 564 989. (ii) IAS 21 — on the change of functional and presentation currency from ZWL to USD, comparative balances (right-of-use asset, investments in associates, other assets, biological assets, inventories, deferred tax liabilities, other reserves, distributable reserves, non-controlling interest) were translated at the spot rates of the dates the amounts arose rather than the closing rate; had IAS 21 been followed, comparative net equity would be lower by USD 185 374 295, comparative profit higher by USD 18 775 252, and current-year profit is understated by USD 30 767 245.

    Source: Innscor Africa Limited Annual Report 2023, p123 (dated 2023-09-28)

  • Auditor's emphasis of matter

    Other information (PDF p126): the auditor states that the other information is materially misstated for the same reasons as the qualified opinion.

    Source: Innscor Africa Limited Annual Report 2024 (dated 2024-09-26)

  • Auditor's emphasis of matter

    Other information (PDF p123): the auditor states that the other information is materially misstated for the same reasons as the qualified opinion. Report on legal and regulatory matters, Section 193(1) (PDF p124): 'The audited financial statements of the company have not been issued for the financial years ended 30 June 2018 up to and including 30 June 2023. This results in non-compliance with the requirements of the Act.'

    Source: Innscor Africa Limited Annual Report 2023 (dated 2023-09-28)

FY to 30 Jun 2024 figures come from an annual report, signed / final; FY to 30 Jun 2023 figures come from an annual report, signed / final; FY to 30 Jun 2022 figures come from an annual report, signed / final — see the column notes.

  • Revenue

    USD 1.09 billion

    1,086,391,527 USD units · p151

    Change not shown.

  • Operating profit / (loss)

    USD 74.1 million

    74,071,788 USD units · p151

    Change not shown.

  • Profit / (loss) for the year

    USD 51.0 million

    50,989,876 USD units · p151

    Change not shown.

  • Total assets

    USD 792 million

    792,062,583 USD units · p151

    Change not shown.

  • Total equity

    USD 469 million

    469,405,111 USD units · p151

    Change not shown.

  • Cash from operations

    USD 104 million

    104,032,660 USD units · p153

    Change not shown.

Large amounts are rounded for reading (USD million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

No change rate is shown: the qualification covers the 2023 income-statement comparatives (not quantified); year-on-year comparisons are not reliable.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in USD units unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY to 30 Jun 2025 — annual report, signed / final; reported for the year · source
  • FY to 30 Jun 2024 — annual report, signed / final; reported for the year · source
    • Auditor's report, year to 2024-06-30: qualified opinion ('except for'). The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Basis for Qualified Opinion — 'Comparative information: Non-compliance with International Accounting Standard 21 (IAS 21), The Effects of Changes in Foreign Exchange Rates in the translation of comparative financial information': on changing its functional currency from ZWL to USD at 1 July 2022 the Group translated balances at the spot rates of the dates the amounts initially arose rather than at the spot rate at the date of change; the misstatement is not contained in the 30 June 2023 statement of financial position (it was dealt with in the FY2023 profit or loss), but the opinion is modified for the possible effects on the comparability of the current and corresponding figures in the statement of profit or loss and other comprehensive income, which have not been quantified but are considered material (PDF p125).
    • Auditor's emphasis of matter. Other information (PDF p126): the auditor states that the other information is materially misstated for the same reasons as the qualified opinion.
  • FY to 30 Jun 2023 — annual report, signed / final; reported for the year · source
    • Auditor's report, year to 2023-06-30: qualified opinion ('except for'). The auditor gives a qualified ('except for') opinion: apart from the matters it names, the statements are presented fairly. Figures are shown as printed; those affected by the named matters may be misstated. Basis for Qualified Opinion (PDF p123): (i) IAS 8 — the Group changed from the cost model to the revaluation model for property, plant and equipment during the year but applied the change retrospectively from the year ended 30 June 2022; had IAS 8 been followed, comparative PPE (USD 258 611 731) would be lower by USD 161 444 738, reserves by USD 127 879 749 and the deferred tax liability by USD 33 564 989. (ii) IAS 21 — on the change of functional and presentation currency from ZWL to USD, comparative balances (right-of-use asset, investments in associates, other assets, biological assets, inventories, deferred tax liabilities, other reserves, distributable reserves, non-controlling interest) were translated at the spot rates of the dates the amounts arose rather than the closing rate; had IAS 21 been followed, comparative net equity would be lower by USD 185 374 295, comparative profit higher by USD 18 775 252, and current-year profit is understated by USD 30 767 245.
    • Auditor's emphasis of matter. Other information (PDF p123): the auditor states that the other information is materially misstated for the same reasons as the qualified opinion. Report on legal and regulatory matters, Section 193(1) (PDF p124): 'The audited financial statements of the company have not been issued for the financial years ended 30 June 2018 up to and including 30 June 2023. This results in non-compliance with the requirements of the Act.'
  • FY to 30 Jun 2022 — annual report, signed / final; comparative in the FY to 30 Jun 2023 filing · source
    • Auditor's emphasis of matter. Other information (PDF p123): the auditor states that the other information is materially misstated for the same reasons as the qualified opinion. Report on legal and regulatory matters, Section 193(1) (PDF p124): 'The audited financial statements of the company have not been issued for the financial years ended 30 June 2018 up to and including 30 June 2023. This results in non-compliance with the requirements of the Act.'

Income statement

Income statement, USD units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportreported for the yearsource limitationsFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filingsource limitations
Revenue 1,086,391,527 910,065,313 804,039,805 700,994,290
Cost of raw materials1 (710,538,703) (581,623,290) (524,082,145) (433,700,680)
Profit before other trading income and operating expenses23 375,852,824 328,442,023 279,957,660 267,293,610
other trading income 4,601,604 5,755,792 8,644,812 7,050,741
operating expenses (284,099,235) (248,906,311) (197,541,349) (169,123,512)
depreciation, amortisation and fair value adjustments45 96,355,193 85,291,504 91,061,123 105,220,839
financial (loss)/income67 (1,853,363) 756,544 (15,404,704) 222,318
net of financial income or losses89 94,501,830 86,048,048 Not reported in this filing1110 Not reported in this filing12
depreciation & amortisation13 (33,247,163) (28,619,818) (23,443,245) (20,903,645)
fair value adjustments - listed equities (116,279) 465,115 (695,272) 116,279
fair value adjustments - biological assets14 12,933,400 11,543,275 8,517,740 7,018,159
Operating profit before interest and equity accounted earnings 74,071,788 69,436,620 60,035,642 91,673,950
interest income 3,720,267 3,990,103 3,071,559 1,853,725
interest expense (13,917,222) (13,229,066) (16,514,739) (19,080,867)
equity accounted earnings 4,253,011 4,990,548 1,722,897 6,028,400
Profit before tax 68,127,844 65,188,205 48,315,359 80,475,208
tax expense (17,137,968) (17,028,181) (10,471,340) (16,650,593)
Profit for the year 50,989,876 48,160,024 37,844,019 63,824,615
non-controlling interests15 9,987,048 11,305,896 5,697,245 18,542,793
reclassified subsequently to profit or loss, net of tax 124,650 81,759 –16 127,879,749
Profit retained for the year1718 51,114,526 48,241,783 37,844,019 191,704,364
  1. Printed “—”, read as nil: subtotal_arithmetic: is.total_comprehensive_income.
Notes and alternative reported figures (17)
  1. “Cost of raw materials”: mapping to a shared definition is uncertain. Printed 'Cost of raw materials': the only cost deducted before the printed gross-profit-like subtotal.
  2. “Profit before other trading income and operating expenses”: mapping to a shared definition is uncertain. Printed 'Profit before other trading income and operating expenses' (revenue less cost of raw materials).
  3. Printed under different labels across filings: “Profit before operating expenses and other trading income”; “Profit before other trading income and operating expenses”.
  4. “depreciation, amortisation and fair value adjustments” is an issuer-specific line, not mapped to a shared definition: Printed subtotal: profit before other trading income and operating expenses, plus other trading income, less operating expenses.
  5. Printed under different labels across filings: “adjustments, equity accounted earnings and tax”; “amortisation and fair value adjustments”; “depreciation, amortisation and fair value adjustments”.
  6. “financial (loss)/income” is an issuer-specific line, not mapped to a shared definition: Note 9.2.
  7. Printed under different labels across filings: “financial (loss)/gain”; “financial (loss)/income”; “financial gain/(loss)”.
  8. “net of financial income or losses” is an issuer-specific line, not mapped to a shared definition: Printed subtotal after financial (loss)/income.
  9. Printed under different labels across filings: “adjustments, net of financial gains or losses”; “net of financial income or losses”.
  10. Annual report dated 2024-09-26 presents this line for this year: 75 656 419 (p127). Not shown in this column, which follows one filing's presentation.
  11. Not reported in this filing: Not printed as defined: the 2023 statement of profit or loss (p125) prints 'Operating profit before depreciation, interest, fair value adjustments, equity accounted earnings and tax' (91 061 123) before financial (loss)/gain, recorded as its own concept; the subtotal net of financial gains or losses is printed for 2023 only in the 2024 statement (p127: 75 656 419) (checked on the page image).
  12. Not reported in this filing: Not printed as defined: the 2023 statement of profit or loss (p125) prints the subtotal before financial (loss)/gain for 2022 (105 220 839), recorded as its own concept; no 2022 subtotal net of financial gains or losses is printed (checked on the page image).
  13. “depreciation & amortisation”: mapping to a shared definition is uncertain. Printed 'depreciation & amortisation': includes amortisation of intangible assets.
  14. “fair value adjustments - biological assets” is an issuer-specific line, not mapped to a shared definition: Note 19.4.
  15. “non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Note 25.1.
  16. “Profit retained for the year”: mapping to a shared definition is uncertain. Printed 'Profit retained for the year' as the total of the total-comprehensive-income attribution (equity holders of the parent plus non-controlling interests); it equals profit for the year plus other comprehensive income.
  17. Printed under different labels across filings: “Profit retained for the year”; “Total comprehensive income (unlabelled total)”.

Balance sheet

Balance sheet, USD units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportreported for the yearsource limitationsFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filingsource limitations
property, plant and equipment 398,442,417 358,237,394 312,855,810 258,611,731
right-of use assets1 2,146,295 3,596,086 4,514,119 3,429,936
intangible assets 9,496,750 8,951,633 8,918,541 8,882,775
investments in associates 57,012,912 52,666,921 51,407,711 50,798,423
other assets2 25,768,260 22,661,167 15,303,142 13,210,829
biological assets3 6,694,153 5,673,961 5,193,699 3,199,569
other assets4 4,496,019 3,400,304 7,296,590 9,933,363
biological assets5 28,143,858 27,268,306 25,609,066 19,684,662
inventories 119,370,612 99,303,600 105,550,510 114,017,800
trade and other receivables 106,422,994 111,148,910 88,020,712 86,042,886
cash and cash equivalents 34,068,313 35,687,044 29,173,106 32,861,146
Total Assets 792,062,583 728,595,326 653,843,006 600,673,120
ordinary share capital 1,171,521 1,171,521 1,171,521 1,171,521
class A ordinary share capital6 2 2 2 2
share premium 4,080,962 4,080,962 4,080,962 4,080,962
other reserves7 109,256,831 113,387,339 116,179,828 116,336,327
distributable reserves8 217,150,014 192,139,250 169,907,567 156,719,610
attributable to shareholders of the parent 331,659,330 310,779,074 291,339,880 278,308,422
non-controlling interests 137,745,781 140,331,980 126,330,986 127,155,610
Total equity 469,405,111 451,111,054 417,670,866 405,464,032
deferred tax liabilities 45,578,332 38,537,497 33,214,938 32,755,715
lease liability 2,090,416 3,274,226 3,453,576 2,677,870
interest-bearing borrowings 27,656,264 15,859,527 19,263,994 10,102,785
Non-current liabilities (unlabelled subtotal) 75,325,012 57,671,250 55,932,508 45,536,370
lease liability 778,811 966,283 1,240,212 794,414
interest-bearing borrowings 59,236,995 65,690,401 48,839,823 35,685,783
trade and other payables 177,765,258 142,229,463 121,421,194 98,196,819
provisions 3,158,686 3,402,417 2,548,848 1,804,179
current tax liabilities 6,392,710 7,524,458 6,189,555 13,191,523
Current liabilities (unlabelled subtotal) 247,332,460 219,813,022 180,239,632 149,672,718
Total liabilities 322,657,472 277,484,272 236,172,140 195,209,088
Total equity and liabilities 792,062,583 728,595,326 653,843,006 600,673,120
Non-current assets (unlabelled subtotal) Not yet collected from the source9 451,787,162 398,193,022 338,133,263
Current assets (unlabelled subtotal) Not yet collected from the source10 276,808,164 255,649,984 262,539,857
Notes and alternative reported figures (10)
  1. Printed under different labels across filings: “right-of use assets”; “right-of-use assets”.
  2. “other assets” is an issuer-specific line, not mapped to a shared definition: Note 18.1, non-current.
  3. “biological assets” is an issuer-specific line, not mapped to a shared definition: Note 19.1.
  4. “other assets” is an issuer-specific line, not mapped to a shared definition: Note 18.1, current.
  5. “biological assets” is an issuer-specific line, not mapped to a shared definition: Note 19.2.
  6. “class A ordinary share capital” is an issuer-specific line, not mapped to a shared definition: Note 23.2: non-voting class A ordinary shares.
  7. “other reserves” is an issuer-specific line, not mapped to a shared definition: Note 24.1.
  8. “distributable reserves” is an issuer-specific line, not mapped to a shared definition: Note 24.2.
  9. Not yet collected from the source: Printed as an unlabelled subtotal (right half of PDF p151) but not transcribed: on this spread its amounts follow the left-half row 'financial (loss)/income 9.2 (1 853 363 ) 756 544' in the text layer, whose bracket split ('(1 853 363 )') the cell reader cannot take as one amount, so no anchor reads it.
  10. Not yet collected from the source: Printed as an unlabelled subtotal (right half of PDF p151) but not transcribed: on this spread its amounts share a text-layer row with the left-half 'interest income' row, so no printed text directly precedes them in a form the cell reader and the importer read alike.

Cash flow

Cash flow, USD units. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportreported for the yearsource limitationsFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filingsource limitations
Cash generated from operating activities1 125,050,837 106,103,291 112,070,442 100,195,847
interest income 3,720,267 3,990,103 3,071,559 1,853,725
interest expense2 (13,917,222) (13,229,066) (16,514,739) (19,080,867)
taxes paid (10,821,222) (9,993,904) (12,611,657) (14,884,011)
Total cash available from operations 104,032,660 86,870,424 86,015,605 68,084,694
Investing activities (80,045,727) (70,803,769) (85,811,556) (50,278,122)
Net cash inflow before financing34 23,986,933 16,066,655 204,049 17,806,572
Financing activities (25,605,664) (9,552,717) (3,892,089) (19,114,350)
dividends paid by holding company (15,992,064) (14,622,445) (18,958,817) (10,856,368)
dividends paid by subsidiaries to minority shareholders5 (5,318,138) (3,533,282) (6,746,279) (5,291,475)
drawdowns on borrowings 71,529,788 36,369,448 57,984,241 42,837,383
repayment of borrowings (65,510,753) (26,203,838) (35,668,992) (48,394,010)
lease payments6 (1,175,569) (524,282) (570,153) (366,119)
purchase of Treasury Shares7 (14,289,503) (3,009,278) (156,499) –8
cash received from non-controlling interests9 5,150,575 1,970,960 224,410 2,794,465
Net increase in cash and cash equivalents10 (1,618,731) 6,513,938 (3,688,040) (1,307,778)
Cash and cash equivalents at the beginning of the year 35,687,044 29,173,106 32,861,146 34,168,924
Cash and cash equivalents at the end of the year 34,068,313 35,687,044 29,173,106 32,861,146
issue of shares11 Not reported in this filing12 Not reported in this filing13 –8 243
share premium14 Not reported in this filing15 Not reported in this filing16 –8 161,531
  1. Printed “—”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (15)
  1. “Cash generated from operating activities”: mapping to a shared definition is uncertain. Printed 'Cash generated from operating activities' before interest and taxes (note 22.1).
  2. “interest expense”: mapping to a shared definition is uncertain. Printed 'interest expense' in operating cash flows (note 11.2); the statement does not say whether lease interest is included.
  3. “Net cash inflow before financing” is an issuer-specific line, not mapped to a shared definition: Printed subtotal of operating and investing cash flows.
  4. Printed under different labels across filings: “Net cash inflow before financing”; “Net cash outflow before financing”.
  5. “dividends paid by subsidiaries to minority shareholders” is an issuer-specific line, not mapped to a shared definition: Note 7.2, financing activities.
  6. “lease payments”: mapping to a shared definition is uncertain. Printed 'lease payments' in financing activities; the statement does not split principal and interest.
  7. “purchase of Treasury Shares” is an issuer-specific line, not mapped to a shared definition: Note 24.1.3, financing activities.
  8. “cash received from non-controlling interests” is an issuer-specific line, not mapped to a shared definition: Note 25.2, financing activities.
  9. Printed under different labels across filings: “Net decrease in cash and cash equivalents”; “Net increase in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
  10. “issue of shares” is an issuer-specific line, not mapped to a shared definition: Note 23.2, financing activities; 2023 printed '—'.
  11. Not reported in this filing: Not printed: the 2025 statement of cash flows (p153) has no issue-of-shares line in financing activities (checked on the page image).
  12. Not reported in this filing: Not printed: the 2024 statement of cash flows (p129) has no issue-of-shares line in financing activities (checked on the page image).
  13. “share premium” is an issuer-specific line, not mapped to a shared definition: Note 23.2, financing activities: premium on shares issued; 2023 printed '—'.
  14. Not reported in this filing: Not printed: the 2025 statement of cash flows (p153) has no share-premium line in financing activities (checked on the page image).
  15. Not reported in this filing: Not printed: the 2024 statement of cash flows (p129) has no share-premium line in financing activities (checked on the page image).

Per share and shares

Per share and shares. Columns: FY to 30 Jun 2025 — annual report (signed / final), as reported for the year; FY to 30 Jun 2024 — annual report (signed / final), as reported for the year; FY to 30 Jun 2023 — annual report (signed / final), as reported for the year; FY to 30 Jun 2022 — annual report (signed / final), comparative reported in the annual report for 2023.
Line (as printed) FY to 30 Jun 2025Annual reportreported for the yearFY to 30 Jun 2024Annual reportreported for the yearsource limitationsFY to 30 Jun 2023Annual reportreported for the yearsource limitationsFY to 30 Jun 2022Annual reportcomparative in FY to 30 Jun 2023 filingsource limitations
Earnings / (loss) per share (per share)5 0.07271 0.06492 0.05633 0.07964
Profit / (loss) attributable to shareholders (USD units)6 41,002,828 36,854,128 32,146,774 45,281,822
  1. Printed as 7.27 cents; value converted to USD at 100 cents = 1 USD.
  2. Printed as 6.49 cents; value converted to USD at 100 cents = 1 USD.
  3. Printed as 5.63 cents; value converted to USD at 100 cents = 1 USD.
  4. Printed as 7.96 cents; value converted to USD at 100 cents = 1 USD.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic earnings per share (cents)”.
  2. Profit / (loss) attributable to shareholders: printed as “equity holders of the parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
30 Jun 2025 Dividends paid (cash flow statement) dividends paid by holding company (15,992,064) USD units Annual report, p153
30 Jun 2024 Dividends paid (cash flow statement) dividends paid by holding company (14,622,445) USD units Annual report, p129
30 Jun 2023 Dividends paid (cash flow statement) dividends paid by holding company (18,958,817) USD units Annual report, p127
30 Jun 2022 Dividends paid (cash flow statement) dividends paid by holding company (10,856,368) USD units Annual report, p127

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Innscor Africa Limited Annual Report 2025

    Year ended 30 June 2025 · Annual report · signed / final

    Audit: BDO Zimbabwe (Chartered Accountants), unmodified opinion · signed

    Auditor's sign-off: Martin Makaya CA (Z), Partner (PAAB certificate 0407), for BDO Zimbabwe

    Final status: Report of the independent auditors signed (handwritten signature) for BDO Zimbabwe, Chartered Accountants, per Martin Makaya CA (Z), Partner, Registered Public Auditor (PAAB certificate 0407), dated 25 September 2025 (PDF p150, printed p297, page image; opinion PDF p149). The consolidated statement of financial position carries handwritten signatures 'For and on behalf of the Board' of A B C Chinake (Independent Non-Executive Chairman) and G Gwainda CA (Z) (Executive Director), each dated 25 September 2025 (PDF p151, page image); the directors' responsibility statement records approval of the statements on printed pages 298 to 369 (PDF p148).

    Document date
    25 Sep 2025
    Published
    11 Mar 2026
    Auditor's report
    25 Sep 2025
    Board approval
    25 Sep 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2025
    Basis
    consolidated statements · USD units (printed “USD”)
    • Profit or loss is presented through a sequence of issuer subtotals (profit before other trading income and operating expenses; operating profit before financial (loss)/income, depreciation, amortisation and fair value adjustments; operating profit before depreciation, fair value adjustments, net of financial income or losses; operating profit before interest and equity accounted earnings) (p151).
    • The cash-flow line 'Net increase in cash and cash equivalents' prints a negative 2025 amount ((1 618 731)) under an 'increase' label (p153). Kept as printed.
    • Total comprehensive income is printed under the label 'Profit retained for the year' (51 114 526; 2024: 48 241 783) (p151).
    • Earnings per share is printed in US cents (basic 7.27; 2024: 6.49; diluted basic printed identically, p151); stored in dollars (÷100) with the printed figure and unit kept.
    Technical details
    File
    195 pages, with a text layer
    SHA-256
    bbabb07b2682d10a3d993f37b7605e35c56377860bafcc60526d1d471e45ffc5
    Entity as printed
    INNSCOR AFRICA LIMITED AND ITS SUBSIDIARIES (the Group)
    Exchange copy
    retrieved 2026-10-08T18:04:13Z

  • Innscor Africa Limited Annual Report 2024

    Year ended 30 June 2024 · Annual report · signed / final

    Audit: BDO Zimbabwe (Chartered Accountants), qualified opinion · signed

    Auditor's sign-off: Martin Makaya CA(Z), Partner (PAAB certificate 0407), for BDO Zimbabwe

    Final status: Report of the independent auditors (QUALIFIED opinion, PDF p125) signed by hand for BDO Zimbabwe, Chartered Accountants, per Martin Makaya CA(Z), Partner, Registered Public Auditor (PAAB certificate 0407), dated 26 September 2024 (PDF p126, printed p249, page image). The Group statement of financial position carries handwritten signatures 'For and on behalf of the Board' of A B C Chinake (Independent, Non-Executive Chairman) and G Gwainda CA(Z) (Executive Director), each dated 26 September 2024 (PDF p127, page image); the directors' responsibility statement records approval of the statements on printed pages 250 to 321 (PDF p124).

    Document date
    26 Sep 2024
    Published
    11 Mar 2026
    Auditor's report
    26 Sep 2024
    Board approval
    26 Sep 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2024
    Basis
    consolidated statements · USD units (printed “USD”)
    • the qualification covers the 2023 income-statement comparatives (not quantified); year-on-year comparisons are not reliable.
    • Basis for Qualified Opinion — 'Comparative information: Non-compliance with International Accounting Standard 21 (IAS 21), The Effects of Changes in Foreign Exchange Rates in the translation of comparative financial information': on changing its functional currency from ZWL to USD at 1 July 2022 the Group translated balances at the spot rates of the dates the amounts initially arose rather than at the spot rate at the date of change; the misstatement is not contained in the 30 June 2023 statement of financial position (it was dealt with in the FY2023 profit or loss), but the opinion is modified for the possible effects on the comparability of the current and corresponding figures in the statement of profit or loss and other comprehensive income, which have not been quantified but are considered material (PDF p125).
    • Profit or loss is presented through a sequence of issuer subtotals (profit before other trading income and operating expenses; operating profit before financial gain/(loss), depreciation, amortisation and fair value adjustments; operating profit before depreciation, amortisation and fair value adjustments, net of financial gains or losses; operating profit before interest and equity accounted earnings) (p127).
    • Total comprehensive income is printed under the label 'Profit retained for the year' (48 241 783; 2023: 37 844 019) (p127).
    • Earnings per share is printed in US cents (basic 6.49; 2023: 5.63; diluted basic printed identically, p127); stored in dollars (÷100) with the printed figure and unit kept.
    Technical details
    File
    170 pages, with a text layer
    SHA-256
    b206015c67af2f0c8d12cfa3bfbee6d2c19c0e95917741dfaa1c28f0c4a856ef
    Entity as printed
    INNSCOR AFRICA LIMITED AND ITS SUBSIDIARIES (the Group)
    Exchange copy
    retrieved 2026-10-08T18:04:50Z

  • Innscor Africa Limited Annual Report 2023

    Year ended 30 June 2023 · Annual report · signed / final

    Audit: BDO Zimbabwe (Chartered Accountants), qualified opinion · signed

    Auditor's sign-off: Martin Makaya CA(Z), Partner (PAAB certificate 0407), for BDO Zimbabwe

    Final status: Report of the independent auditors (QUALIFIED opinion, PDF p123) closed with a handwritten signature above BDO Zimbabwe, Chartered Accountants, per Martin Makaya CA(Z), Partner, Registered Public Auditor (PAAB certificate 0407), 28 September 2023 (PDF p124, printed p245, page image). The Group statement of financial position carries handwritten signatures 'For and on behalf of the Board' of A B C Chinake (Independent, Non-Executive Chairman) and G Gwainda CA(Z) (Executive Director), each dated 28 September 2023 (PDF p125, page image).

    Document date
    28 Sep 2023
    Auditor's report
    28 Sep 2023
    Board approval
    28 Sep 2023
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY to 30 Jun 2023, FY to 30 Jun 2022
    Basis
    consolidated statements · USD units (printed “USD”)
    • the auditor quantifies misstatements in both years (2022 equity overstated by US$185.4 million; 2023 profit understated by US$30.8 million).
    • Basis for Qualified Opinion (PDF p123): (i) IAS 8 — the Group changed from the cost model to the revaluation model for property, plant and equipment during the year but applied the change retrospectively from the year ended 30 June 2022; had IAS 8 been followed, comparative PPE (USD 258 611 731) would be lower by USD 161 444 738, reserves by USD 127 879 749 and the deferred tax liability by USD 33 564 989. (ii) IAS 21 — on the change of functional and presentation currency from ZWL to USD, comparative balances (right-of-use asset, investments in associates, other assets, biological assets, inventories, deferred tax liabilities, other reserves, distributable reserves, non-controlling interest) were translated at the spot rates of the dates the amounts arose rather than the closing rate; had IAS 21 been followed, comparative net equity would be lower by USD 185 374 295, comparative profit higher by USD 18 775 252, and current-year profit is understated by USD 30 767 245.
    • FY2023 is the first year presented in USD after the change of functional currency from ZWL on 1 July 2022 (note 2.3, PDF p127); the 30 June 2022 comparatives are translated figures that the auditor qualifies (IAS 8 and IAS 21).
    • Total comprehensive income is printed as an unlabelled total under 'Total comprehensive income for the year attributable to:' (37 844 019; 2022: 191 704 364) (p125).
    • Earnings per share is printed in US cents (basic 5.63; 2022: 7.96; diluted basic printed identically, p125); stored in dollars (÷100) with the printed figure and unit kept.
    Technical details
    File
    171 pages, with a text layer
    SHA-256
    6f9679ce2c14710268033eb2fdc6ddcd0a301ee5972bf87781151dc94be847ed
    Entity as printed
    INNSCOR AFRICA LIMITED AND ITS SUBSIDIARIES (the Group)
    Exchange copy
    retrieved 2026-10-08T18:05:32Z

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