Annual Financial Statements


Financial Statements for the year ended 31 March 2011


STATEMENTS OF FINANCIAL POSITION

as at 31 March 2011 Tongaat Hulett Limited

Company         Consolidated
2010 2011   Rmillion Note   2011 2010
      ASSETS        
               
      Non-current assets        
2 387 2 386     Property, plant and equipment 1   7 665 7 710
256 363     Growing crops 2   2 608 2 041
  294     Defined benefit pension fund asset 32   294  
143 239     Long-term receivable and prepayment 3   135  
        Goodwill 4   230 240
8 31     Intangible assets 5   32 9
2       Investments 6   7 10
3 696 3 917     Subsidiaries and joint ventures 7      
6 492 7 230         10 971 10 010
               
1 521 1 283   Current assets     3 520 3 358
720 436     Inventories 8   1 365 1 373
658 613     Trade and other receivables     1 457 1 580
102 141     Major plant overhaul costs     331 256
9 11     Derivative instruments 9   11 9
  9     Tax     6  
32 73     Cash and cash equivalents 10   350 140
               
8 013 8 513   TOTAL ASSETS     14 491 13 368
               
               
      EQUITY AND LIABILITIES        
               
      Capital and reserves        
139 140     Share capital 11   140 139
1 519 1 524     Share premium     1 524 1 519
        BEE held consolidation shares 12   (868) (935)
1 062 1 143     Retained income     5 305 4 691
403 415     Other reserves     (1 301) (841)
3 123 3 222   Shareholders’ interest     4 800 4 573
               
        Minority interests in subsidiaries     840 870
3 123 3 222   Equity     5 640 5 443
               
1 704 1 746   Non-current liabilities     3 981 3 708
341 447     Deferred tax 13   1 365 1 272
1 066 977     Long-term borrowings 14   1 345 1 103
        Non-recourse equity-settled BEE borrowings 15   761 787
297 322     Provisions 16   510 546
               
3 186 3 545   Current liabilities     4 870 4 217
1 414 1 106     Trade and other payables 17   1 938 2 131
1 768 2 437     Short-term borrowings 14   2 930 2 077
3 2     Derivative instruments 9   2 3
1       Tax       6
               
8 013 8 513   TOTAL EQUITY AND LIABILITIES     14 491 13 368