Summarised consolidated statement of financial position

at 30 September 2017

  Notes   2017
R million
  Restated
2016
R million
 
ASSETS            
Non-current assets            
Property, plant, equipment and investment property     10 151.4   10 573.4  
Goodwill and other intangible assets     3 568.8   4 043.4  
Joint ventures, associates and other investments     21.8   27.7  
Deferred tax assets     49.3   70.6  
Liquid bonds and other loan receivables* 6   1 164.0   673.9  
      14 955.3   15 389.0  
Current assets            
Inventories     3 980.3   3 376.7  
Trade receivables and other current assets*     3 009.9   3 101.2  
Tax assets     17.3   11.2  
Liquid bonds and other loan receivables – current* 6   882.1   7.8  
Bank balances and deposits*     2 385.0   2 217.9  
      10 274.6   8 714.8  
Total assets     25 229.9   24 103.8  
EQUITY AND LIABILITIES            
Capital and reserves            
Share capital     35.5   35.4  
Capital reserves     (116.4)   (121.4)  
Other reserves     (84.4)   51.0  
Retained earnings     9 476.9   9 238.5  
Shareholders’ equity     9 311.6   9 203.5  
Non-controlling interest     369.5   241.0  
Total equity     9 681.1   9 444.5  
Non-current liabilities            
Loans and other borrowings     6 007.2   6 202.1  
Retirement benefit obligation     1 558.0   1 855.7  
Deferred tax liabilities     294.5   230.1  
Other non-current liabilities     64.8   37.0  
      7 924.5   8 324.9  
Current liabilities            
Trade payables, provisions and other current liabilities     4 766.0   4 937.7  
Tax liabilities     82.6   73.9  
Loans and other borrowings – current     221.9   329.4  
Bank overdrafts     2 553.8   993.4  
      7 624.3   6 334.4  
Total equity and liabilities     25 229.9   24 103.8  
* During the year, the US dollar indexed kwanza bonds (described as “liquid bonds”) were reclassified from cash equivalents to loan receivables after a reassessment of their nature in terms of IAS 7: Statement of Cash flows. As a result of this reclassification, these bonds (amounting to R617.5 million and being all non-current) were removed from “bank balances, deposits and cash equivalents” where they had been presented in the prior year and presented together with other non-current loan receivables (previously described as “other non-current assets”) as “liquid bonds and other loan receivables”. In addition, the current portion of loan receivables, which was previously presented as part of “trade receivables and other current assets” has now been separately presented as “liquid bonds and other loan receivables – current” due to a portion of the liquid bonds being current at the end of the current year.