4.0 - Imperial

Notes to the group annual financial statements continued...
for the year ended 30 June 2009
2009 2008
Rm
Rm
35. Notes to the cash flow statements (continued)
(c)
Disposal of subsidiaries (2008: includes unbundling)
Other intangibles 7 11
Goodwill 471 204
Property, plant and equipment 279 716
Transport fleet 2
Leasing assets 6 622
Vehicles for hire 1
Other investments and loans 49 248
Inventories 236 1 919
Taxation (owing) prepaid (14) 52
Accounts receivable 480 1 670
Cash and cash equivalents 58 110
Minority interest (248)
Retirement benefit obligations (33)
Interest-bearing borrowings (203) (5 384)
Insurance contracts (8)
Deferred taxation (1) (338)
Provisions (26) (252)
Accounts payable (573) (2 772)
Net asset value 517 2 766
Less: Cash resources disposed of (58) (110)
Less: Repayment on interest bearing debt on unbundling reflected under
financing activities 5 226
Unbundling distribution (1 722)
Profit (loss) on sale of subsidiaries 555 (298)
Proceeds on disposal 1 014 5 862
Proceeds on disposal – discontinued operations 1 003 5 507
Proceeds on disposal – continuing operations 11 355
(d)
Net replacement capital expenditure
Expenditure
– Intangibles (69) (54)
– Property, plant and equipment (570) (478)
– Transport fleet (341) (276)
– Leasing assets (708)
– Vehicles for hire (1 295) (1 176)
Proceeds on disposals
(2 275) (2 692)
– Intangibles 1
– Property, plant and equipment 191 85
– Transport fleet 211 246
– Leasing assets 634
– Vehicles for hire 757 710
Net
1 160 1 675
– Intangibles (68) (54)
– Property, plant and equipment (379) (393)
– Transport fleet (130) (30)
– Leasing assets (74)
– Vehicles for hire (538) (466)
(1 115) (1 017)
(e)
Cash and cash equivalents
Cash resources 4 655 3 148
Short-term loans and overdrafts (2 024) (3 488)
2 631 (340)
110
Imperial holdings limited Annual Report 2009