Mondi Limited
Mondi Limited
Mondi Limited
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Statements of financial position<br />
as at 31 December 2010<br />
Group Company<br />
R million Notes 2010 2009 2010 2009<br />
Intangible assets 9 649 689 – –<br />
Property, plant and equipment 10 7,697 8,119 5,653 6,077<br />
Forestry assets 11 2,838 2,675 2,101 2,007<br />
Investments in subsidiaries 12 – – 2,397 2,238<br />
Investments in associates 13 56 30 – –<br />
Investments in joint ventures 14 – – 368 249<br />
Financial asset investments 15 133 94 152 135<br />
Deferred tax assets 22 37 71 – –<br />
Retirement benefits surplus 23 81 83 60 79<br />
Total non-current assets 11,491 11,761 10,731 10,785<br />
Inventories 16 1,133 1,209 373 475<br />
Trade and other receivables 17 2,244 2,153 1,183 1,160<br />
Investments in subsidiaries 12 – – 77 74<br />
Financial asset investments 15 4 – 22 –<br />
Cash and cash equivalents 216 422 8 4<br />
Derivative financial instruments 20 19 7 17 3<br />
Total current assets 3,616 3,791 1,680 1,716<br />
Assets held for sale 30 12 372 10 371<br />
Total assets 15,119 15,924 12,421 12,872<br />
Short-term borrowings 19 (1,815) (1,549) (1,719) (1,182)<br />
Trade and other payables 18 (1,621) (1,728) (743) (821)<br />
Current tax liabilities (12) (28) – –<br />
Provisions 21 (110) (65) (83) (59)<br />
Derivative financial instruments 20 (9) (3) (2) (1)<br />
Total current liabilities (3,567) (3,373) (2,547) (2,063)<br />
Medium and long-term borrowings 19 (1,567) (2,739) (299) (1,270)<br />
Retirement benefits obligation 23 (827) (637) (741) (584)<br />
Deferred tax liabilities 22 (1,715) (1,710) (1,468) (1,429)<br />
Provisions 21 (32) (48) (27) (31)<br />
Other non-current liabilities (51) (67) – –<br />
Derivative financial instruments 20 (27) (19) – –<br />
Total non-current liabilities<br />
Liabilities directly associated with assets<br />
(4,219) (5,220) (2,535) (3,314)<br />
classified as held for sale 30 – (93) – (93)<br />
Total liabilities (7,786) (8,686) (5,082) (5,470)<br />
Net assets<br />
Equity<br />
7,333 7,238 7,339 7,402<br />
Ordinary share capital 26 103 103 103 103<br />
Share premium 26 5,073 5,073 5,073 5,073<br />
Retained earnings and other reserves<br />
Total attributable to equity holders<br />
1,802 1,750 2,163 2,226<br />
of the parent company 6,978 6,926 7,339 7,402<br />
Non-controlling interests in equity 355 312 – –<br />
Total equity 7,333 7,238 7,339 7,402<br />
The Group’s consolidated financial statements and the Company’s financial statements, and related notes 1 to 39, were approved<br />
by the board and authorised for issue on 18 February 2011 and were signed on its behalf by:<br />
David Hathorn Andrew King<br />
Director Director<br />
16 Annual report and accounts 2010
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