BALANCE SHEETS

as at 31 December 2008 Tongaat Hulett Limited

Company       Consolidated
2007 2008   Rmillion Note 2008 2007
      ASSETS      
             
      Non-current assets      
2 125 2 372      Property, plant and equipment 1 4 659 3 210
98 130      Growing crops 2 742 353
401 366      Long-term receivable and prepayment 3 196 203
         Goodwill 4 99 42
4 4      Intangible assets 5 6 6
265 265      Investments 6 268 267
1 138 1 904      Subsidiaries and joint ventures 7    
4 031 5 041       5 970 4 081
             
1 683 2 147   Current assets   3 587 3 546
1 032 1 401      Inventories 8 1 709 1 331
553 706      Trade and other receivables   1 647 1 742
12 2      Derivative instruments 9 2 12
65        Tax     65
21 38      Cash and cash equivalents 10 229 396
             
5 714 7 188   TOTAL ASSETS   9 557 7 627
             
             
      EQUITY AND LIABILITIES      
             
      Capital and reserves      
138 138      Share capital 11 138 138
1 517 1 506      Share premium   1 506 1 517
         BEE held consolidation shares 12 (1 023) (1 053)
1 051 1 125      Retained income   2 087 1 796
353 368      Other reserves   351 337
3 059 3 137   Shareholders’ interest   3 059 2 735
             
         Minority interests in subsidiaries   276 223
3 059 3 137   Equity   3 335 2 958
             
1 099 1 903   Non-current liabilities   2 865 2 156
487 469      Deferred tax 13 582 673
351 1 155      Long-term borrowings 14 1 212 410
         Non-recourse equity-settled BEE borrowings 15 792 812
261 279      Provisions 16 279 261
             
1 556 2 148   Current liabilities   3 357 2 513
636 957      Trade and other payables 17 1 849 1 494
918 1 166      Short-term borrowings 14 1 373 977
2 23      Derivative instruments 9 23 2
  2      Tax   112 40
             
5 714 7 188   TOTAL EQUITY AND LIABILITIES   9 557 7 627
             
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