Annual Financial Statements


Financial Statements for the year ended 31 December 2008


Balance Sheets

as at 31 December 2008 Tongaat Hulett Limited

Company       Consolidated
2007 2008   Rmillion Note 2008 2007
      ASSETS      
             
      Non-current assets      
2 125 2 372      Property, plant and equipment 1 4 659 3 210
98 130      Growing crops 2 742 353
401 366      Long-term receivable and prepayment 3 196 203
         Goodwill 4 99 42
4 4      Intangible assets 5 6 6
265 265      Investments 6 268 267
1 138 1 904      Subsidiaries and joint ventures 7    
4 031 5 041       5 970 4 081
             
1 683 2 147   Current assets   3 587 3 546
1 032 1 401      Inventories 8 1 709 1 331
553 706      Trade and other receivables   1 647 1 742
12 2      Derivative instruments 9 2 12
65        Tax     65
21 38      Cash and cash equivalents 10 229 396
             
5 714 7 188   TOTAL ASSETS   9 557 7 627
             
             
      EQUITY AND LIABILITIES      
             
      Capital and reserves      
138 138      Share capital 11 138 138
1 517 1 506      Share premium   1 506 1 517
         BEE held consolidation shares 12 (1 023) (1 053)
1 051 1 125      Retained income   2 087 1 796
353 368      Other reserves   351 337
3 059 3 137   Shareholders’ interest   3 059 2 735
             
         Minority interests in subsidiaries   276 223
3 059 3 137   Equity   3 335 2 958
             
1 099 1 903   Non-current liabilities   2 865 2 156
487 469      Deferred tax 13 582 673
351 1 155      Long-term borrowings 14 1 212 410
         Non-recourse equity-settled BEE borrowings 15 792 812
261 279      Provisions 16 279 261
             
1 556 2 148   Current liabilities   3 357 2 513
636 957      Trade and other payables 17 1 849 1 494
918 1 166      Short-term borrowings 14 1 373 977
2 23      Derivative instruments 9 23 2
  2      Tax   112 40
             
5 714 7 188   TOTAL EQUITY AND LIABILITIES   9 557 7 627