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 |