Earnings releases


Interim Results for the half-year ended 30 June 2007


BALANCE SHEET

  
Condensed consolidated Unaudited   Unaudited   Audited
  Half-year   Half-year   Year ended
  30 June   30 June   31 December
Rmillion 2007   2006   2006

ASSETS          
           
Non-current assets          
Property, plant and equipment 2 847   4 185   4 270
Growing crops 380   263   212
Long-term receivable 203   203   203
Goodwill 42   22   21
Intangible assets 2   13   14
Investments 267   70   320
 
 
  3 741   4 756   5 040
           
Current assets 2 787   3 726   4 016
   Inventories 972   1 279   1 595
   Trade and other receivables 1 575   1 767   1 879
   Derivative instruments 8   44   33
   Cash and cash equivalents 232   636   509
 
 
TOTAL ASSETS 6 528   8 482   9 056
 
 
           
EQUITY AND LIABILITIES          
           
Capital and reserves          
Share capital 108   106   107
Share premium 978   902   932
Retained income 1 654   3 674   3 868
Other reserves 315   31   50
 
 
Shareholders' interest 3 055   4 713   4 957
Minority interest in subsidiaries 187   80   76
 
 
Equity 3 242   4 793   5 033
           
Non-current liabilities 967   1 375   1 401
   Deferred tax 606   980   1 055
   Long-term borrowings 109   106   49
   Provisions 252   289   297
           
Current liabilities 2 319   2 314   2 622
   Trade and other payables (note 9) 1 150   1 326   1 388
   Short-term borrowings 1 118   895   1 174
   Derivative instruments 7   71   16
   Tax 44   22   44
 
 
 
TOTAL EQUITY AND LIABILITIES 6 528   8 482   9 056
 
 
 
           
Number of shares (000)          
- in issue 107 789   105 698   106 591
- weighted average (basic) 106 816   104 925   105 497
- weighted average (diluted) 108 962   107 818   108 261