Kumba Annual Report 2005

BALANCE SHEET

at 31 December 2005

		GROUP		COMPANY
			Restated		Restated
		At	At	At	At
		31 Dec	31 Dec	31 Dec	31 Dec
		2005	2004	2005	2004
	Notes	Rm	Rm	Rm	Rm
ASSETS
Non-current assets
Property, plant and equipment	13	8 826	8 476	59	45
Biological assets	14	28	31
Intangible assets	15	61	71
Goodwill	16		(53)
Investments in associates and joint ventures	17	95	85		31
Investments in subsidiaries	18			3 849	4 476
Deferred taxation	27	339	258	21	21
Financial assets	19	392	286	50	54
Total non-current assets		9 741	9 154	3 979	4 627
Current assets
Inventories	20	1 481	1 348
Trade and other receivables	21	2 066	1 365	46	68
Cash and cash equivalents		1 483	1 297	505	126
Total current assets		5 030	4 010	551	194
Non-current assets classified as held for sale	22	11
Total assets		14 782	13 164	4 530	4 821
EQUITY AND LIABILITIES
Capital and reserves
Share capital	23	2 940	2 812	2 944	2 812
Non-distributable reserves		54	(39)	72	32
Retained earnings/(loss)		4 383	2 516	(25)	265
Ordinary shareholders’ equity		7 377	5 289	2 991	3 109
Minority interest		9	1 197
Total shareholders’ interest		7 386	6 486	2 991	3 109
Non-current liabilities
Interest-bearing borrowings	24	1 963	2 331	1 044	1 112
Other long-term payables	25	604	609
Non-current provisions	26	727	599	16	15
Deferred taxation	27	1 006	1 040
Total non-current liabilities		4 300	4 579	1 060	1 127
Current liabilities
Trade and other payables	28	1 388	1 061	204	216
Interest-bearing borrowings	24	911	836	304	368
Taxation		773	182	(29)	1
Current provisions	26	24	20
Total current liabilities		3 096	2 099	479	585
Total equity and liabilities		14 782	13 164	4 530	4 821
Net debt		1 391	1 870	843	1 354