AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI

Consolidated balance sheet
Description – R’m Jun 2012 Jun 2011
Equity and Liabilities
Capital and reserves attributable to equity
holders
1 750 1 571
Retained earnings 1
1 982 1 858
Other items -232 -287
Non-controlling interest 4 4
Non-current liabilities 2 130 748
Borrowings 1 909 560
Other items 221 188
Current liabilities 3 166 5 648
Trade & other payables 1
1 621 1 221
Short-term borrowings 1
678 10
Call loans & bank overdrafts 664 951
Borrowings from banks to finance trade
receivables
1
135 3 423
Other items 68 43
Liabilities of disposal group - held for sale 146 7
Total equities and liabilities 7 196 7 978
1
• Long-term funding
facility with Land Bank
of R1.5bn
• Sale of farmer lending
book (R1.4bn)
• Sale of corporate
lending book (R1.1bn of
which R0.9bn is internal
debtors)
• Still on balance sheet:
• BEE, SADC,
internal and some
external debtors
43
Cash flow statement
30 June 2012
R’m
30 June 2011
R’m
752
Cash generated from ops
723
-1 538
Working capital utilised
-360
-310
Net finance costs
-342
-60
Taxation
-48
-594
Investments made
-467
1 950
Finance activities
-467
-2 000 -1 000 - 1 000 2 000 3 000
-1 000 -500 - 500 1 000
200
(693)
76
(417)
Net (decrease)/increase in cash
Cash beginning of period
Cash collateral deposits
Cash end of period
(961)
268
147
(546)
44
page 37
Audited condensed consolidated financial results for the year ended 30 June 2012 and cash dividend declaration