Earnings releases


Interim Results for the half-year ended 30 June 2006


BALANCE SHEET
  
  Unaudited     Unaudited   Audited
  Half-year   Half-year   Year ended
  30 June   30 June     31 December
Rmillion 2006   2005   2005
Assets          
Non-current assets          
    Property, plant and equipment 4 185   4 062   4 093
    Growing crops 263   223   182
    Long-term receivable 203   210   203
    Goodwill 22   21   21
    Intangible assets 13   10   12
    Investments 70   61   57
 
 
 
  4 756   4 587   4 568
           
Current assets 3 726   3 369   3 360
    Inventories 1 279   1 230   1 456
    Trade and other receivables 1 767   1 414   1 337
    Derivative instruments 44   8   41
    Cash and cash equivalents 636   717   526
 
 
 
Total assets 8 482   7 956   7 928
 
 
 
Equity and liabilities          
Capital and reserves          
    Share capital 106   103   104
    Share premium 902   789   821
    Retained income 3 674   3 520   3 651
    Other reserves 31   18   37
 
 
 
Shareholders’ interest 4 713   4 430   4 613
    Minority interest in subsidiaries 80   65   75
 
 
 
Equity 4 793   4 495   4 688
Non-current liabilities 1 375   1 385   1 357
    Deferred tax 980   862   936
    Long-term borrowings 106   244   138
    Provisions 289   279   283
 
Current liabilities 2 314   2 076   1 883
    Trade and other payables (note 8) 1 326   1 030   1 119
    Short-term borrowings 895   988   702
    Derivative instruments 71   28   18
    Tax 22   30   44
 
 
 
Total equity and liabilities 8 482   7 956   7 928
 
 
 
Number of shares (000)          
– in issue 105 698   102 920   103 896
– weighted average (basic) 104 925   102 674   103 018
– weighted average (diluted) 107 818   104 889   105 552
 
Debt to equity 20,9%   27,4%   17,9%
Net debt to equity 7,6%   11,5%   6,7%