Statement of financial positionas at 24 June 2012

  Notes 2012
Rm
  2011
Rm
Assets        
Non-current assets   1,483.1   1,710.7
Interests in subsidiaries 5 1,477.8   1,703.7
Other financial assets 6 5.3   4.5
Deferred taxation 7   2.5
Current assets   7.8   12.1
Taxation     3.3
Cash and bank balances   7.8   8.8
         
Total assets   1,490.9   1,722.8
Equity and liabilities        
Capital and reserves   1,468.0   1,698.3
Share capital 8 2.2   2.0
Share premium 8 750.6   743.9
General reserves 9 8.5   3.1
Retained profit   706.7   949.3
Preference shares 8 0.1   0.2
Total equity   1,468.1   1,698.5
Non-current liabilities   0.1  
Deferred taxation 7 0.1  
Current liabilities   22.7   24.3
Trade and other payables   22.1   24.3
Taxation   0.6  
         
Total equity and liabilities   1,490.9   1,722.8

  • The accounting policies are in line with the Massmart Group accounting policies. Refer to note 1 of the Group financial statements.