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| 14. |
ASSETS CLASSIFIED AS HELD FOR SALE |
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| |
|
2008 |
2007 |
| |
|
R million |
R million |
| |
On 31 January 2007 Tsb Sugar entered into an agreement to sell certain assets in terms of |
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|
| |
a land reform transaction. The effective date of the Tenbosch transaction was 1 April 2007. |
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| |
The second phase of the land reform transaction is now in process and the assets that will be |
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|
| |
sold in terms of the agreement are therefore classified as held for sale and valued in terms of |
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|
| |
the requirements of IFRS 5. |
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|
| |
Details of the assets classified as held for sale are as follows: |
|
|
| |
Assets |
|
|
| |
Property, plant and equipment |
71 |
140 |
| |
Biological agricultural assets |
44 |
22 |
| |
Inventories |
1 |
1 |
| |
Debtors |
– |
24 |
| |
Various other net assets |
89 |
2 |
| |
|
205 |
189 |
