NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2007
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| 10. | ASSETS CLASSIFIED AS HELD FOR SALE | ||||
| 2007 | 2006 | ||||
| R million | R million | ||||
| On 31 January 2007 Tsb Sugar entered into an agreement
to sell certain assets in terms of a land reform transaction. The effective date of the transaction is 1 April 2007. The assets that will be sold in terms of the agreement are therefore classified as held for sale and valued in terms of the requirements of IFRS 5. |
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| Details of the assets classified as held for sale areas follows: | |||||
| Assets | |||||
| Property, plant and equipment | 140 | – | |||
| Biological agricultural assets | 22 | – | |||
| Inventories | 1 | – | |||
| Debtors | 24 | – | |||
| Various other net assets | 2 | – | |||
| 189 | – | ||||