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   5,846.7 4,974.9
Property, plant and equipment 13 2,717.8 2,055.2
Goodwill 14 2,049.4 1,875.0
Other intangibles 15 309.0 220.8
Investments 16 367.6 315.3
Other financial assets 17 137.9 270.3
Deferred taxation 18 265.0 238.3
Current assets   11,427.6 9,314.5
Inventories 19 6,199.7 5,601.5
Trade, other receivables and prepayments 20 2,562.7 2,322.6
Taxation   22.5 22.1
Cash and bank balances 38.11 1,549.1 1,368.3
Restricted cash held on behalf of Massmart Employee Share Trusts' beneficiaries 39.3 1,093.6
       
Total assets   17,274.3 14,289.4

Equity and liabilities

     
Equity attributable to equity holders of the parent   3,965.9 3,469.7
Share capital 21 2.0 2.0
Share premium 21 743.9 142.0
Other reserves 22 444.4 464.6
Retained profit   2,775.6 2,861.1
Minority interest 23 215.8 122.1
Total equity   4,181.7 3,591.8
Non-current liabilities   1,205.2 895.3
Non-current liabilities:      
– Interest-bearing 24 598.7 385.8
– Interest-free 24 417.3 423.5
Non-current provisions 25 167.0 66.6
Deferred taxation 18 22.2 19.4
Current liabilities   11,887.4 9,802.3
Trade and other payables 26 9,381.8 9,194.3
Massmart Employee Share Trusts' beneficiaries liability 39.3 1,093.6
Provisions 27 26.8 25.8
Taxation   170.6 201.9
Other current liabilities 28 409.9 322.9
Bank overdrafts 38.11 804.7 57.4
       
Total equity and liabilities   17,274.3 14,289.4