Massmart Annual Report 2008

Balance sheet
as at 30 June 2008

    2008 2007
  Notes Rm Rm

Assets

     
Non-current assets   3 840,5 3 448,2
   Property, plant and equipment 11 1 393,0 1 123,8
   Goodwill 12 1 362,3 1 346,8
   Other intangibles 13 132,0 130,2
   Investments 14 311,3 241,2
   Other financial assets 15 226,7 173,4
   Deferred taxation 16 415,2 432,8
Current assets   7 892,8 7 401,4
   Inventories 17 4 758,6 4 027,3
   Trade receivables and prepayments 18 1 764,2 1 876,5
   Taxation   310,4 251,9
   Cash and bank balances 36.10 1 059,6 1 245,7
Assets classified as held for sale 19 167,6
Total assets   11 900,9 10 849,6

Equity and liabilities

     
Capital and reserves   2 735,8 2 239,0
   Share capital 20 2,0 2,0
   Share premium 20 151,7 254,7
   Non-distributable reserves 21 269,0 205,4
   Retained profit   2 313,1 1 776,9
   Minority interest 22 30,7 25,8
Total equity   2 766,5 2 264,8
Non-current liabilities   1 015,9 1 122,2
   Non-current liabilities:      
      – Interest-bearing 23 267,7 402,7
      – Interest-free 23 557,2 556,9
   Non-current provisions 24 49,1 47,1
   Deferred taxation 16 141,9 115,5
Current liabilities   8 118,5 7 462,6
   Trade and other payables 25 7 380,0 6 755,7
   Provisions 26 11,5 3,9
   Taxation   543,1 534,4
   Other current liabilities 23 146,2 131,6
   Bank overdrafts 36.10 37,7 37,0
       
Total equity and liabilities   11 900,9 10 849,6