Unaudited interim condensed consolidated results for the 26 week period ended 31 August 2014

Consolidated statement of financial position






Unaudited 
As at 
31 August 
2014 
Rm 
Unaudited 
As at 
1 September 
2013 
Rm 
Audited 
As at 
2 March 
2014 
Rm 

ASSETS 

     
Non-current assets       
Property, plant and equipment  3 947.8  3 980.7  4 039.3 
Intangible assets  1 016.3  959.5  987.6 
Operating lease assets  145.8  116.3  132.8 
Investment in associate  177.0  148.3  165.9 
Participation in export partnerships  26.9  25.4  25.1 
Loans  108.7  95.5  92.0 
Retirement scheme assets  94.3  12.0  85.1 
Deferred tax assets  206.9  205.4  212.1 
  5 723.7  5 543.1  5 739.9 
Current assets       
Inventory  4 153.6  3 950.9  3 979.8 
Trade and other receivables  2 709.4  2 389.9  2 841.1 
Cash and cash equivalents  1 285.4  1 340.3  1 540.3 
Derivative financial instruments      3.5 
  8 148.4  7 681.1  8 364.7 
Total assets  13 872.1  13 224.2  14 104.6 

EQUITY AND LIABILITIES 

     
Capital and reserves       
Share capital  6.6  6.6  6.6 
Share premium  120.8  120.8  120.8 
Treasury shares  (102.9) (91.7) (95.3)
Retained earnings  1 297.3  1 166.8  1 377.3 
Foreign currency translation deficit  (7.2) (9.1) (3.6)
Attributable to equity holders of the Company  1 314.6  1 193.4  1 405.8 
Non-controlling interest  1 221.8  1 108.5  1 290.6 
Total shareholders' interest  2 536.4  2 301.9  2 696.4 
Non-current liabilities       
Borrowings  741.1  772.3  747.1 
Operating lease liabilities  1 108.6  986.7  1 042.7 
  1 849.7  1 759.0  1 789.8 
Current liabilities       
Trade and other payables  9 072.3  8 237.2  8 091.3 
Bank overdraft and overnight borrowings  320.0  –  670.0 
Borrowings  40.2  829.6  737.8 
Tax  45.9  80.2  111.2 
Provisions  4.5  9.6  8.1 
Derivative financial instruments  3.1  6.7  – 
  9 486.0  9 163.3  9 618.4 
Total equity and liabilities  13 872.1  13 224.2  14 104.6 
Net asset value – cents per share (property valued based on directors' valuation) 576.6  502.2  605.5