Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2009

« Note 13 Note 15 »
       
14. ASSETS HELD FOR SALE    
    2009   2008  
    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 Tenbosch transaction was 1 April 2007. The second phase of the land reform transaction is now in process and 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.

Details of the assets classified as held for sale are as follows:		    
  Assets      
  Property, plant and equipment  
59  
71  
  Biological agricultural assets  
60  
44  
  Inventories  
–  
1  
  Various other net assets  
57  
89  
   
176  
205