Statement of financial position

at 30 june 2018

 

R million  Notes  30 June       
2019 (1, 2)		 30 June 
2018 
       
ASSETS          
Non-current assets          
Property, plant and equipment     14 541       13 626 
Investment properties     119       119 
Intangible assets     24 024       18 427 
Investments – Equity accounted  6  1 183       73 722 
  – Available-for-sale     –       3 067 
  – Financial assets at fair value through other comprehensive
   income (FVOCI)		    3 727       – 
Financial assets at fair value through profit and loss (FVPL)    147       – 
Retirement benefits     748       737 
Long-term loans and debtors     311       697 
Deferred taxation     199       158 
      114 999       110 553 
Current assets     40 539       40 375 
Inventories     12 034       10 967 
Biological agricultural assets     866       807 
Debtors and short-term loans     9 543       8 599 
Financial assets at FVPL     148       12 
Taxation     108       81 
Investment in money market funds     5 175       3 996 
Cash and cash equivalents     12 662       12 169 
      40 536       36 631 
Assets held for sale     3       3 744 
           
Total assets     155 538       150 928 
           
EQUITY AND LIABILITIES          
Stated capital      13 416       13 416 
Reserves     88 251       84 865 
Treasury shares     (570)      (183)
Shareholders’ equity     101 097       98 098 
Non-controlling interest     15 092       15 348 
Total equity     116 189       113 446 
Non-current liabilities     26 770       25 891 
Retirement benefits     186       195 
Long-term loans  7  21 020       20 316 
Deferred taxation     5 563       5 268 
Financial liability at FVPL     1       112 
Current liabilities     12 579       11 591 
Trade and other payables     11 106       9 904 
Short-term loans     1 376       1 557 
Financial liabilities at FVPL     54       77 
Taxation     43       53 
           
Total equity and liabilities     155 538       150 928 
           
(1) Since 11 May 2018 and 2 July 2018, Remgro consolidated its investments in Distell and Siqalo Foods, respectively, and therefore, certain line items are not directly comparable with the prior year. Refer to “Comparison with the prior year” here for further detail.
(2) Refer to “Change in accounting policies” here for the impact of the implementation of new accounting standards.