CONDENSED BALANCE SHEET

 

    Unaudited Unaudited Audited
    Half-year Half-year Year ended
    30 June 30 June 31 December
    2011 2010 2010
    R’000 R’000 R’000
ASSETS        
Non-current assets        
Property, plant and equipment   4 986 125 4 992 544 4 989 646
Intangible assets   34 775 28 963 33 346
Investments in associates and joint ventures   45 573 42 889 51 887
Retirement benefit asset   56 018 – 73 819
Deferred tax asset   21 609 16 026 22 102
    5 144 100 5 080 422 5 170 800
Current assets      
Inventories   1 275 664 1 352 022 1 189 929
Trade and other receivables   1 043 244 862 764 792 357
Derivative financial assets   58 451 43 734 180 247
Income tax asset   925 10 085 –
Cash and cash equivalents   8 843 30 193 24 439
    2 387 127 2 298 798 2 186 972
Total assets   7 531 227 7 379 220 7 357 772
EQUITY        
Share capital and share premium   1 730 969 1 729 457 1 728 830
BEE reserve   174 686 174 686 174 686
Employee share-based payment reserve   108 338 77 565 91 219
Hedging reserve   5 325 (4 376) 38 840
Retained earnings   2 647 630 2 529 401 2 575 959
Total equity   4 666 948 4 506 733 4 609 534
LIABILITIES        
Non-current liabilities        
Non-current borrowings   628 082 628 220 627 759
Deferred income tax liabilities   949 655 909 861 941 260
Retirement benefit obligations   158 724 141 754 147 909
    1 736 461 1 679 835 1 716 928
Current liabilities        
Trade and other payables   760 366 721 469 607 917
Current borrowings   326 789 424 089 355 077
Derivative financial liabilities   40 663 47 094 66 971
Income tax liability   – – 1 345
    1 127 818 1 192 652 1 031 310
Total liabilities   2 864 279 2 872 487 2 748 238
Total equity and liabilities   7 531 227 7 379 220 7 357 772
Net debt to equity (%) 20,3 22,7 20,8