WELCOME TO OUR ONLINE ANNUAL REPORT 2011

Statement of financial position
as at 26 June 2011

    2011 2010
  Notes Rm Rm

Assets

     
Non-current assets   1,710.7 233.4
Interests in subsidiaries 5 1,703.7 223.3
Other financial assets 6 4.5 4.5
Deferred taxation 7 2.5 5.6
Current assets   12.1 22.1
Taxation   3.3 5.4
Cash and bank balances   8.8 16.7
       
Total assets   1,722.8 255.5

Equity and liabilities

     
Capital and reserves   1,698.3 245.2
Share capital 8 2.0 2.0
Share premium 8 743.9 269.0
General reserves 9 3.1 6.9
Retained profit   949.3 (32.7)
Preference shares 8 0.2 0.2
Total equity   1,698.5 245.4
Current liabilities   24.3 10.1
Total equity and liabilities   1,722.8 255.5
  • The accounting policies are in line with the Massmart Group accounting policies. Refer to note 1 of the Group financial statements.