Annual Financial Statements


Financial Statements for the year ended 31 December 2005


Balance Sheets

as at 31 December 2005

       Company                Group
2004* 2005   Rmillion Note   2005 2004*
     

ASSETS

       
               
      Non-current assets        
1 860 1 879   Property, plant and equipment 2   4 093 4 106
76 77   Growing crops 3   182 185
210 203   Long-term receivable 4   203 210
      Goodwill 5   21 23
      Intangible assets 6   12 9
2 3   Investments 7   57 23
1 051 1 088   Subsidiaries and joint ventures 8        
3 199 3 250         4 568 4 556
               
1 680 1 478   Current assets     3 360 3 596
1 047 874   Inventories 9   1 456 1 649
566 533   Trade and other receivables     1 337 1 108
14 31   Derivative instruments 10   41 36
53 40   Cash and cash equivalents 11   526 803
               
4 879 4 728  

TOTAL ASSETS

    7 928 8 152
                  
     

EQUITY AND LIABILITIES

       
               
      Capital and reserves        
102 104   Share capital 12   104 102
759 821   Share premium     821 759
1 771 2 055   Retained income     3 651 3 426
48 59   Other reserves     37 60
2 680 3 039   Shareholders’ interest     4 613 4 347
      Minority interest in subsidiaries     75 71
2 680 3 039   Equity     4 688 4 418
504 594   Non-current liabilities     1 357 1 380
276 357   Deferred tax 13   936 854
      Long-term borrowings 14   138 255
228 237   Provisions 15   283 271
               
1 695 1 095   Current liabilities     1 883 2 354
682 539   Trade and other payables 16   1 119 1 171
1 002 547   Short-term borrowings 14   702 1 125
11 9   Derivative instruments 10   18 52
      Tax     44 6
               
4 879 4 728  

TOTAL EQUITY AND LIABILITIES

    7 928 8 152
                  
      * Restated for IFRS