bold spirit - ArcelorMittal South Africa

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ArcelorMittal South Africa
Annual Report 2010
Group and company statements of financial position
as at 31 December 2010
Notes
2010
Rm
Group
2009
Rm
2010
Rm
Company
2009
Rm
ASSETS
Non-current assets
Property, plant and equipment 13 16 432 15 862 10 884 10 072
Intangible assets 14 84 72 55 51
Equity-accounted investments 2 386 2 369 737 617
Investments in subsidiaries 15 9 041 8 751
Other financial assets 16 208 187 139 150
Total non-current assets 19 110 18 490 20 856 19 641
Current assets
Inventories 17 7 156 5 767 6 284 5 139
Trade and other receivables 18 1 816 2 096 1 582 1 644
Taxation 18 23
Other financial assets 16 112 83 112 83
Cash and cash equivalents 3 506 4 348 3 155 4 222
Total current assets 12 608 12 294 11 156 11 088
Total assets 31 718 30 784 32 012 30 729
EQUITY AND LIABILITIES
Capital and reserves
Stated capital 19 37 37 37 37
Reserves (2 475) (2 344) (68) (52)
Retained income 24 994 24 232 24 868 24 096
Total shareholders’ equity 22 556 21 925 24 837 24 081
Non-current liabilities
Borrowings and other payables 20 224 220 204 189
Finance lease obligations 21 515 557 384 420
Non-current provisions 22 1 499 1 420 1 481 1 399
Deferred income tax liability 23 2 354 2 435 1 087 1 044
Total non-current liabilities 4 592 4 632 3 156 3 052
Current liabilities
Trade and other payables 24 4 020 3 496 3 494 2 892
Borrowings and other payables 20 88 153 78 143
Other financial liabilities 16 3 2
Finance lease obligations 21 59 57 50 47
Taxation 8 11
Current provisions 22 403 510 397 501
Total current liabilities 4 570 4 227 4 019 3 596
Total equity and liabilities 31 718 30 784 32 012 30 729