STATEMENTS OF FINANCIAL POSITION

as at 31 March 2011 Tongaat Hulett Limited

Company         Consolidated
2010 2011   Rmillion Note   2011 2010
      ASSETS        
               
      Non-current assets        
2 387 2 386     Property, plant and equipment 1   7 665 7 710
256 363     Growing crops 2   2 608 2 041
  294     Defined benefit pension fund asset 32   294  
143 239     Long-term receivable and prepayment 3   135  
        Goodwill 4   230 240
8 31     Intangible assets 5   32 9
2       Investments 6   7 10
3 696 3 917     Subsidiaries and joint ventures 7      
6 492 7 230         10 971 10 010
               
1 521 1 283   Current assets     3 520 3 358
720 436     Inventories 8   1 365 1 373
658 613     Trade and other receivables     1 457 1 580
102 141     Major plant overhaul costs     331 256
9 11     Derivative instruments 9   11 9
  9     Tax     6  
32 73     Cash and cash equivalents 10   350 140
               
8 013 8 513   TOTAL ASSETS     14 491 13 368
               
               
      EQUITY AND LIABILITIES        
               
      Capital and reserves        
139 140     Share capital 11   140 139
1 519 1 524     Share premium     1 524 1 519
        BEE held consolidation shares 12   (868) (935)
1 062 1 143     Retained income     5 305 4 691
403 415     Other reserves     (1 301) (841)
3 123 3 222   Shareholders’ interest     4 800 4 573
               
        Minority interests in subsidiaries     840 870
3 123 3 222   Equity     5 640 5 443
               
1 704 1 746   Non-current liabilities     3 981 3 708
341 447     Deferred tax 13   1 365 1 272
1 066 977     Long-term borrowings 14   1 345 1 103
        Non-recourse equity-settled BEE borrowings 15   761 787
297 322     Provisions 16   510 546
               
3 186 3 545   Current liabilities     4 870 4 217
1 414 1 106     Trade and other payables 17   1 938 2 131
1 768 2 437     Short-term borrowings 14   2 930 2 077
3 2     Derivative instruments 9   2 3
1       Tax       6
               
8 013 8 513   TOTAL EQUITY AND LIABILITIES     14 491 13 368
               
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