Earnings releases


Interim Results for the half-year ended 30 June 2009


STATEMENT OF FINANCIAL POSITION

   
Condensed consolidated Unaudited   Unaudited   Audited
  Half-year   Half-year   Year ended
  30 June   30 June   31 December
Rmillion  2009   2008   2008

           
ASSETS          
           
Non-current assets          
Property, plant and equipment 7 696   3 855   4 659
Growing crops 1 517   575   742
Long-term receivable 196   196   196
Goodwill 255   86   99
Intangible assets 5   5   6
Investments 7   267   268
 
 
  9 676   4 984   5 970
Current assets 3 767   3 920   3 587
   Inventories 1 605   1 207   1 709
   Trade and other receivables 1 922   2 310   1 647
   Derivative instruments 22   21   2
   Tax     65    
   Cash and cash equivalents 218   317   229
           
 
 
TOTAL ASSETS 13 443   8 904   9 557
 
 
EQUITY AND LIABILITIES          
           
Capital and reserves          
Share capital 138   138   138
Share premium 1 512   1 503   1 506
BEE held consolidation shares (1 009)   (1 038)   (1 023)
Retained income 4 335   1 884   2 087
Other reserves (370)   384   351
 
 
Shareholders' interest 4 606   2 871   3 059
           
Minority interest in subsidiaries 889   247   276
 
 
Equity 5 495   3 118   3 335
           
Non-current liabilities 4 089   2 564   2 865
   Deferred tax 1 562   688   582
   Long-term borrowings 1 263   806   1 212
    Non-recourse equity-settled BEE borrowings 780   803   792
   Provisions 484   267   279
           
Current liabilities 3 859   3 222   3 357
   Trade and other payables (note 4) 1 781   1 862   1 849
   Short-term borrowings 2 019   1 350   1 373
   Derivative instruments 2       23
   Tax 57   10   112
           
 
 
TOTAL EQUITY AND LIABILITIES 13 443   8 904   9 557
 
 
Number of shares (000)          
– in issue 103 247   103 078   103 247
– weighted average (basic) 103 247   103 043   103 070
– weighted average (diluted) 104 924   105 734   105 225