Statements of financial position

as at 28 February 2011

		GROUP		COMPANY
		2011	2010	2011	2010
	Notes	R’000	R’000	R’000	R’000
ASSETS
Non-current assets
Property, plant and equipment	2	613 915	901 997	–	–
Goodwill	3	27 111	190 848	–	–
Other intangible assets	4	71 393	174 801	–	–
Investment in subsidiaries	5	–	–	487 440	490 540
Amounts owing by subsidiaries	6	–	–	293 850	133 812
Deferred taxation	7	12 124	20 087	–	–
		724 543	1 287 733	781 290	624 352
Current assets
Inventories	8	44 832	72 049	–	–
Trade and other receivables	9	155 001	269 284	288	146
Amounts owing by subsidiaries	6	–	–	30 890	62 351
Taxation receivable		4 425	5 502	236	–
Bank and cash balances	10	127 029	136 447	52 467	20 008
		331 287	483 282	83 881	82 505
Assets classified as held for sale	11	53 543	–	–	–
Total assets		1 109 373	1 771 015	865 171	706 857
EQUITY AND LIABILITIES
Capital and reserves
Share capital	12	34 447	10 407	34 447	10 407
Share premium	13	1 988 759	1 721 975	1 988 759	1 721 975
Cash flow hedging reserve	14	(2 453)	(4 340)	–	–
Accumulated loss		(1 463 301)	(1 098 898)	(1 160 646)	(1 077 166)
Attributable to equity holders of the company		557 452	629 144	862 560	655 216
Outside shareholders’ interest		(7 328)	–	–	–
Total shareholders’ interest		550 124	629 144	862 560	655 216
Non-current liabilities
Interest-bearing liabilities	15	101 886	315 037	–	–
Derivative instruments	16	290	1 940	–	–
Vendor loan payable	17	–	–	–	–
Provisions	20	4 751	3 956	–	–
Amounts owing to subsidiaries	18	–	–	–	–
Deferred taxation	7	28 948	85 487	–	–
		135 875	406 420	–	–
Current liabilities
Interest-bearing liabilities	15	174 764	307 522	–	–
Derivative instruments	16	3 118	4 088	–	–
Vendor loan payable	17	–	47 000	–	47 000
Amounts owing to subsidiaries	18	–	–	1 818	4 000
Trade and other payables	19	190 539	325 213	752	513
Provisions	20	25 471	19 571	–	–
Taxation payable		883	344	–	87
Shareholders for dividends		41	41	41	41
Bank overdrafts		9 261	31 672	–	–
		404 077	735 451	2 611	51 641
Liabilities directly associated with assets classified as held for sale		19 297	–	–	–
Total equity and liabilities		1 109 373	1 771 015	865 171	706 857

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