Annual Financial Statements

Financial Statements for the year ended 31 December 2004

Balance Sheets

as at 31 December 2004  

 

Company							Group
2003	2004		Rmillion		Note		2004	2003
			ASSETS
			Non-current assets
1 908	1 860			Property, plant and equipment	1		4 115	4 162
94	76			Growing crops	2		185	179
210	210			Long-term receivable	3		210	210
				Goodwill	4		35	37
2	2			Investments	5		23	5
11	14			Derivative instruments	6		36	11
919	1 051			Subsidiaries and joint ventures	7
3 144	3 213						4 604	4 604
1 825	1 662		Current assets				3 558	3 709
1 251	1 047			Inventories	8		1 649	1 769
527	562			Trade and other receivables			1 106	1 132
47	53			Cash and cash equivalents	9		803	808
4 969	4 875		TOTAL ASSETS				8 162	8 313
			EQUITY AND LIABILITIES
			Capital and reserves
101	102			Share capital	10		102	101
730	759			Share premium			759	730
14	35			Non-distributable reserves			69	29
1 725	1 780			Retained income			3 427	3 333
2 570	2 676		Equity				4 357	4 193
			Minority interest in subsidiaries				71	6
296	276		Deferred tax		11		854	866
			Long-term borrowings		12		255	371
221	228		Provisions		13		271	260
1	11		Derivative instruments		6		52	53
1 881	1 684		Current liabilities				2 302	2 564
1 036	682			Trade and other payables	14		1 171	1 551
845	1 002			Short-term borrowings	12		1 125	998
				Tax			6	15
4 969	4 875		TOTAL EQUITY AND LIABILITIES				8 162	8 313