Five-year consolidated statement of financial position
at 31 August 2011

R’m 5-year
compound
annual
growth
%		 2011 2010 2009 2008 2007
Assets            
Non-current assets   1 415 1 384 1 362 1 253 1 334
   Property, plant and equipment 6.4% 950 889 830 734 745
   Intangible assets   302 314 302 302 391
   Goodwill   104 106 96 86 84
   Deferred tax assets   53 52 88 73 45
   Loans receivable   6 23 46 58 69
Current assets   2 840 2 727 2 819 2 332 2 676
   Inventories 4.5% 1 802 1 571 1 422 1 371 1 403
   Trade and other receivables 2.6% 999 869 908 808 796
   Loans receivable   18 16 11 8 5
   Cash and cash equivalents   18 152 410 101 413
   Derivative financial assets   3 119 68 44 59
             
Total assets 2.9% 4 255 4 111 4 181 3 585 4 010
Equity and liabilities            
   Equity (9.5%) 965 1 142 1 126 1 141 1 296
   Share capital   3 3 3 3 3
   Share premium   – – – 121 436
   Share option reserve   41 25 25 24 24
   Treasury shares   (703) (511) (488) (463) (259)
   Cash flow hedging reserve   2 – – – –
   Non-distributable reserves   (2) (2) (5) – –
   Distributable reserve   1 623 1 626 1 589 1 456 1 092
   Equity attributable to equity holders
   of the parent		   964 1 141 1 124 1 141 1 296
   Non-controlling interest   1 1 2 – –
Non-current liabilities   265 297 317 371 338
   Interest-bearing borrowings   – 17 37 62 78
   Employee benefits   92 96 91 131 65
   Deferred tax liabilities   47 69 83 80 92
   Operating lease liability   126 115 106 98 103
Current liabilities   3 025 2 672 2 738 2 073 2 376
   Trade and other payables 10.3% 2 432 2 290 2 408 1 828 1 902
   Employee benefits   165 203 241 104 136
   Provisions   5 6 6 8 48
   Interest-bearing borrowings   375 117 30 54 203
   Income tax payable   45 47 33 76 87
   Derivative financial liabilities   3 9 20 3 –
             
Total equity and liabilities 2.9% 4 255 4 111 4 181 3 585 4 010
Notes:
1. Assets and liabilities held for sale. The Discom business unit was disposed of during September 2007.
2. The non-controlling interest relating to the 2008 financial year was less than R1 million and accordingly reported as zero.
3. The share premium has been used for distributions to shareholders as well as share cancellations in the 2007, 2008, 2009, 2010 and 2011 financial years.
4. For an explanation of terms used, please refer to the Definitions section on this report.

 

US Dollars ’m 5-year
compound
annual
growth
%		 2011 2010 2009 2008 2007
Assets            
   Non-current assets   201 188 175 161 187
   Property, plant and equipment 6.7% 134 121 107 95 104
   Intangible assets   43 43 39 39 55
   Goodwill   15 14 12 11 12
   Deferred tax assets   8 7 11 9 6
   Loans receivable   1 3 6 7 10
Current assets   401 370 363 301 374
Inventories 4.9% 255 213 183 177 196
Trade and other receivables 2.8% 140 118 117 104 111
Loans receivable   3 2 1 1 1
Cash and cash equivalents   3 21 53 13 58
Derivative financial assets   – 16 9 6 8
             
Total assets 3.3% 602 558 538 462 561
Equity and liabilities            
Equity (9.1%) 137 155 144 147 181
   Share capital   – – – – –
   Share premium   – – – 16 61
   Share option reserve   6 3 3 3 3
   Treasury shares   (99) (69) (63) (60) (36)
   Cash flow hedging reserve   – – – – –
   Non-distributable reserves   – – (1) – –
   Distributable reserve   230 221 205 188 153
   Equity attributable to equity holders
   of the parent		   137 155 144 147 181
   Non-controlling interest   – – – – –
Non-current liabilities   38 40 42 48 47
   Interest-bearing borrowings   – 2 5 8 11
   Employee benefits   13 13 12 17 9
   Deferred tax liabilities   7 9 11 10 13
   Operating lease liability   18 16 14 13 14
Current liabilities   427 363 352 267 333
   Trade and other payables 10.8% 344 311 309 236 267
   Employee benefits   23 28 31 13 19
   Provisions   1 1 1 1 7
   Interest-bearing borrowings   53 16 4 7 28
   Income tax payable   6 6 4 10 12
   Derivative financial liabilities   – 1 3 – –
             
Total equity and liabilities 3.3% 602 558 538 462 561
Exchange rate: closing rate   7.07 7.37 7.77 7.75 7.16
Note:            

1. The ZAR five-year consolidated statement of financial position was translated to USD using the closing rate