Massmart Annual Report 2008

Balance sheet
as at 30 June 2008

    2008 2007
  Notes Rm Rm

Assets

     
Non-current assets   766,1 494,3
   Interests in subsidiaries 5 199,6
   Other financial assets 6 566,5 490,6
   Deferred taxation 7 3,7
Current assets   16,8 16,5
   Trade receivables and prepayments   16,8
   Cash and bank balances   16,5
       
Total assets   782,9 510,8

Equity and liabilities

     
Capital and reserves   749,3 405,1
   Share capital 8 2,0 2,0
   Share premium 8 264,7 254,7
   Non-distributable reserve 9 3,7 0,9
   Retained profit   478,9 147,5
Preference shares 8 0,2 0,2
Total equity   749,5 405,3
Current liabilities   33,4 105,5
   Trade and other payables   13,8 90,1
   Taxation   18,3 15,3
   Bank overdraft   1,2  
   Current liabilities   0,1 0,1
       
Total equity and liabilities   782,9 510,8
The accounting policies are in line with the Massmart Group accounting policies,  of the annual financial statements.