Interfront Annual Report 2022

PART E: FINANCIAL INFORMATION 73 3. FINANCIAL REPORT 3.1 Five-Year Financial Overview STATEMENT OF FINANCIAL PERFORMANCE Description 2018 2019 2020 2021 2022 Rendering of Services 136 841 054 153 986 982 112 536 279 105 363 506 108 405 948 Interest and other 6 172 990 4 738 427 4 241 825 1 450 850 1 427 710 Expenditure (109 939 588) (125 762 589) (119 136 291) (118 166 081) (117 869 059) Earnings Before Tax (EBT) 33 074 456 32 962 820 (2 358 187) (11 351 725) (8 035 401) Earnings After Tax (EAT) 23 172 276 23 125 682 (2 361 021) (8 769 728) (6 383 966) STATEMENT OF FINANCIAL POSITION Description 2018 2019 2020 2021 2022 Total Assets 128 787 821 132 208 544 106 960 416 86 202 838 80 298 775 Total Liabilities (21 075 031) (21 269 327) (18 482 521) (19 090 519) (19 570 422) Total Net Assets 107 712 790 110 838 917 88 477 895 67 112 319 60 728 853 Equity – Shareholder’s loan (52 595 410) (32 595 853) (12 595 853) - - Accumulated surplus (55 117 379) (78 243 064) (75 882 042) (67 112 319) (60 728 353)