Earnings releases


Interim Results for the half-year ended 30 June 2008


BALANCE SHEET

  
Condensed consolidated Unaudited   Unaudited   Audited
  Half-year   Half-year   Year ended
  30 June   30 June   31 December
Rmillion 2008   2007   2007

ASSETS          
           
Non-current assets          
Property, plant and equipment 3 855   2 847   3 210
Growing crops 575   380   353
Long-term receivable 196   203   203
Goodwill 86   42   42
Intangible assets 5   2   6
Investments 267   267   267
 
 
  4 984   3 741   4 081
           
Current assets 3 920   2 787   3 546
   Inventories 1 207   972   1 331
   Trade and other receivables 2 310   1 575   1 742
   Derivative instruments 21   8   12
   Tax 65       65
   Cash and cash equivalents 317   232   396
 
 
TOTAL ASSETS 8 904   6 528   7 627
 
 
           
EQUITY AND LIABILITIES          
           
Capital and reserves          
Share capital 138   108   138
Share premium 1 503   978   1 517
BEE held consolidation shares (1 038)       (1 053)
Retained income 1 884   1 654   1 796
Other reserves 384   315   337
 
 
Shareholders' interest 2 871   3 055   2 735
Minority interest in subsidiaries 247   187   223
 
 
Equity 3 118   3 242   2 958
           
Non-current liabilities 2 564   967   2 156
   Deferred tax 688   606   673
   Long-term borrowings 806   109   410
   Non-recourse equity-settled BEE borrowings 803       812
   Provisions 267   252   261
           
Current liabilities 3 222   2 319   2 513
   Trade and other payables (note 8) 1 862   1 150   1 494
   Short-term borrowings 1 350   1 118   977
   Derivative instruments     7   2
   Tax 10   44   40
 
 
 
TOTAL EQUITY AND LIABILITIES 8 904   6 528   7 627
 
 
 
           
Number of shares (000)          
- in issue 103 078   107 789   103 005
- weighted average (basic) 103 043   106 816   104 987
- weighted average (diluted) 105 734   108 962   107 337