Audited summary financial statements for the 2015 financial period

Statement of financial position

  Note   As at  
1 March  
2015  
Rm  
As at  
2 March  
2014  
Rm  

ASSETS  

     
Non-current assets        
Property, plant and equipment     4 187.0   4 039.3  
Intangible assets     1 010.2   987.6  
Operating lease assets     149.8   132.8  
Investment in associate     180.2   165.9  
Participation in export partnerships     23.4   25.1  
Loans     100.6   92.0  
Retirement scheme assets     70.1   85.1  
Deferred tax assets     198.8   212.1  
    5 920.1   5 739.9  
Current assets        
Inventory     4 654.5   3 979.8  
Trade and other receivables     2 956.7   2 841.1  
Cash and cash equivalents     1 174.6   1 540.3  
Derivative financial instruments     1.4   3.5  
    8 787.2   8 364.7  
Total assets     14 707.3   14 104.6  

EQUITY AND LIABILITIES  

     
Equity        
Share capital   4   6.6   6.6  
Share premium     120.8   120.8  
Treasury shares     (109.0)  (95.3) 
Retained earnings     1 619.3   1 377.3  
Foreign currency translation reserve     (9.8)  (3.6) 
Attributable to owners of the Company     1 627.9   1 405.8  
Non-controlling interest     1 499.2   1 290.6  
Total equity     3 127.1   2 696.4  
Non-current liabilities        
Borrowings     492.8   747.1  
Operating lease liabilities     1 138.5   1 042.7  
    1 631.3   1 789.8  
Current liabilities        
Trade and other payables     9 029.6   8 091.3  
Bank overdraft and overnight borrowings     500.0   670.0  
Borrowings     291.5   737.8  
Current tax liabilities     126.8   111.2  
Provisions     1.0   8.1  
    9 948.9   9 618.4  
Total equity and liabilities     14 707.3   14 104.6  
Number of shares in issue – millions   4   527.2   527.2  
Weighted average number of shares in issue – millions     516.2   516.2  
Diluted weighted average number of shares in issue – millions     521.7   521.5  
Net asset value – cents per share (property value based on directors’ valuation)    691.7   605.5