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arrow Six-year review
arrow Approval of the annual financial statements
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arrow Report of the independent auditors
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arrow Notes to the annual financial statements
arrow Annexure A: Details of subsidiaries and associates

 

Balance sheets

as at 28 February 2009 and 29 February 2008 .

          GROUP   COMPANY  
          2009   2008   2009   2008  
    Notes     R’000   R’000   R’000   R’000  
  ASSETS                      
  Non-current assets       845 422   675 449   654 066   657 310  
  Property, plant and equipment 4     59 807   57 549   –   910  
  Intangible assets 5     209 087   182 270   –   –  
  Goodwill 6     555 208   402 980   –   –  
  Investment in subsidiaries 7     –   –   653 072   653 072  
  Investment in associates 8     100   270   –   –  
  Other financial assets 9     1 170   –   994   1 103  
  Derivative financial instrument 10     702   3 141   –   –  
  Deferred taxation 11     19 348   29 239   –   2 225  
  Current assets       868 178   714 485   488 872   293 225  
  Trade and other receivables and prepayments 12     685 943   565 002   –   5 912  
  Amounts due from vendor 13     –   250   –   250  
  Amounts due by subsidiary companies 14     –   –   488 872   286 763  
  Assets classified as held-for-sale 15     845   845   –   –  
  Taxation prepaid       330   564   –   –  
  Cash resources       181 060   147 824   –   300  
                         
  Total assets       1 713 600   1 389 934   1 142 938   950 535  
  EQUITY AND LIABILITIES                      
  Capital and reserves       803 902   668 171   604 781   533 324  
  Share capital 16     1 355   1 271   1 776   1 692  
  Share premium 17     384 594   283 070   384 594   283 070  
  Treasury shares 18     (592)   (701)   –   –  
  Non-distributable reserve 19     –   –   119 918   119 918  
  Foreign currency translation reserve 20     (372)   (688)   –   –  
  Accumulated profit       418 496   384 798   98 493   128 644  
                         
  Equity attributable to equity holders of the parent       803 481   667 750   604 781   533 324  
  BEE shareholders’ interest 21     421   421   –   –  
  Non-current liabilities       249 670   195 234   78 755   –  
  Other non-current liabilities 22     2 700   4 230   –   –  
  Long-term loan 23     78 755   –   78 755   –  
  Redeemable preference shares – interest bearing 24     130 000   150 000   –   –  
  Obligations under finance lease 25     3 165   2 464   –   –  
  Deferred taxation 11     35 050   38 540   –   –  
                         
  Current liabilities       660 028   526 529   459 402   417 211  
  Non-interest-bearing current liabilities       388 791   322 135   216 495   235 728  
  Trade and other payables 26     257 918   239 369   –   11 557  
  Amounts due to subsidiary companies 14     –   –   216 299   215 263  
  Amounts due to vendor 27     32 353   –   –   –  
  Provisions 28     83 737   74 785   –   7 151  
  Taxation       14 783   7 633   196   1 757  
  Liabilities classified as held-for-sale 15     –   348   –   –  
  Interest-bearing current liabilities       271 237   204 394   242 907   181 483  
  Current portion of other – non-current liabilities 22/25     3 138   2 260   –   –  
  Current portion of long-term loan 23     32 871   –   32 871   –  
  Current portion of redeemable preference shares 24     3 431   3 805   –   –  
  Bank overdrafts       231 797   198 329   210 036   181 483  
                         
                         
  Total equity and liabilities       1 713 600   1 389 934   1 142 938   950 535  

 

 

 

 
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