Annual Financial Statements


Financial Statements for the year ended 31 March 2010


STATEMENTS OF FINANCIAL POSITION

as at 31 March 2010

Company         Consolidated
31 December   31 March         31 March   31 December
2008   2010   Rmillion Note   2010   2008
        ASSETS          
                   
        Non-current assets          
2 372   2 387     Property, plant and equipment 1   7 710   4 659
130   256     Growing crops 2   2 041   742
366   143     Long-term receivable and prepayment 3       196
          Goodwill 4   240   99
4   8     Intangible assets 5   9   6
265   2     Investments 6   10   268
1 904   3 696     Subsidiaries and joint ventures 7        
5 041   6 492         10 010   5 970
                   
2 147   1 521   Current assets     3 358   3 587
1 401   720     Inventories 8   1 373   1 709
706   658     Trade and other receivables     1 580   1 647
    102     Major plant overhaul costs     256    
2   9     Derivative instruments 9   9   2
38   32     Cash and cash equivalents 10   140   229
                   
7 188   8 013   TOTAL ASSETS     13 368   9 557
                   
        EQUITY AND LIABILITIES          
                   
        Capital and reserves          
138   139     Share capital 11   139   138
1 506   1 519     Share premium     1 519   1 506
          BEE held consolidation shares 12   (935)   (1 023)
1 125   1 062     Retained income     4 691   2 087
368   403     Other reserves     (841)   351
                   
3 137   3 123   Shareholders’ interest     4 573   3 059
                     
          Minority interests in subsidiaries     870   276
                   
3 137   3 123   Equity     5 443   3 335
                   
1 903   1 704   Non-current liabilities     3 708   2 865
469   341     Deferred tax 13   1 272   582
1 155   1 066     Long-term borrowings 14   1 103   1 212
          Non-recourse equity-settled BEE borrowings 15   787   792
279   297     Provisions 16   546   279
                   
2 148   3 186   Current liabilities     4 217   3 357
957   1 414     Trade and other payables 17   2 131   1 849
1 166   1 768     Short-term borrowings 14   2 077   1 373
23   3     Derivative instruments 9   3   23
2   1     Tax     6   112
                   
7 188   8 013   TOTAL EQUITY AND LIABILITIES     13 368   9 557