GROUP STATEMENT OF FINANCIAL POSITION
for the year ended 30 June 2011
| |
|
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|
GROUP |
|
| |
R’000 |
Notes |
|
2011 |
|
2010 |
|
| |
Assets |
|
|
|
|
|
|
| |
Non-current assets |
|
|
|
|
|
|
| |
Property, plant and equipment |
8 |
|
1 380 226 |
|
2 039 696 |
|
| |
Investment property |
9 |
|
50 231 |
|
66 877 |
|
| |
Goodwill |
10 |
|
– |
|
24 859 |
|
| |
Investment in associates |
11 |
|
22 730 |
|
22 847 |
|
| |
Investment in service concessions |
12 |
|
253 100 |
|
224 311 |
|
| |
Investment in property developments |
13 |
|
8 691 |
|
128 691 |
|
| |
Derivative financial instruments |
19.1 |
|
– |
|
13 178 |
|
| |
Pension fund surplus |
23.2 |
|
121 339 |
|
123 007 |
|
| |
Deferred taxation |
14 |
|
83 676 |
|
14 886 |
|
| |
Total non-current assets |
|
|
1 919 993 |
|
2 658 352 |
|
| |
Current assets |
|
|
|
|
|
|
| |
Inventories |
15 |
|
247 178 |
|
273 501 |
|
| |
Contracts in progress |
16 |
|
506 474 |
|
754 506 |
|
| |
Derivative financial instruments |
19.1 |
|
22 403 |
|
– |
|
| |
Trade and other receivables |
17 |
|
2 786 918 |
|
3 068 892 |
|
| |
Bank balances and cash |
30 |
|
2 234 779 |
|
3 129 990 |
|
| |
Total current assets |
|
|
5 797 752 |
|
7 226 889 |
|
| |
Non-current assets classified as held for sale |
33 |
|
53 233 |
|
65 153 |
|
| |
Total assets |
|
|
7 770 978 |
|
9 950 394 |
|
| |
Equity and liabilities |
|
|
|
|
|
|
| |
Equity attributable to equity holders of the parent |
|
|
|
|
|
|
| |
Stated capital |
|
|
1 307 971 |
|
1 261 135 |
|
| |
Retained earnings |
|
|
1 028 932 |
|
1 368 047 |
|
| |
Other components of equity |
|
|
(188 773) |
|
(142 825) |
|
| |
|
|
|
2 148 130 |
|
2 486 357 |
|
| |
Non-controlling interest |
|
|
117 565 |
|
75 055 |
|
| |
Total equity |
|
|
2 265 695 |
|
2 561 412 |
|
| |
Non-current liabilities |
|
|
|
|
|
|
| |
Interest-bearing borrowings |
18.1 |
|
232 203 |
|
843 244 |
|
| |
Provision for employment obligations |
23.3 |
|
26 756 |
|
25 653 |
|
| |
Provision for environmental rehabilitation |
20 |
|
14 743 |
|
39 292 |
|
| |
Deferred taxation |
14 |
|
45 827 |
|
– |
|
| |
Total non-current liabilities |
|
|
319 529 |
|
908 189 |
|
| |
Current liabilities |
|
|
|
|
|
|
| |
Excess billings over work done |
|
|
492 103 |
|
1 043 829 |
|
| |
Trade and other payables |
21 |
|
3 813 995 |
|
4 997 188 |
|
| |
Derivative financial instruments |
19.2 |
|
– |
|
2 609 |
|
| |
Provision for liabilities and charges |
22 |
|
80 430 |
|
76 974 |
|
| |
Current taxation payable |
29 |
|
71 838 |
|
145 480 |
|
| |
Current portion of non-current interest-bearing borrowings |
18.1 |
|
677 532 |
|
110 487 |
|
| |
Short term borrowings |
18.6 |
|
49 856 |
|
80 053 |
|
| |
Bank overdrafts |
30 |
|
– |
|
24 173 |
|
| |
Total current liabilities |
|
|
5 185 754 |
|
6 480 793 |
|
| |
Total liabilities |
|
|
5 505 283 |
|
7 388 982 |
|
| |
Total equity and liabilities |
|
|
7 770 978 |
|
9 950 394 |
|
|
