Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2009

« Note 27 Note 29 »
       
28. EQUITY ADJUSTMENT    
    2009   2008  
    R million   R million  
  Share of net attributable profit of associated companies    
  and joint ventures – per income statement 4 806   7 210  
      Continuing operations 2 389   3 825  
      Discontinued operations 2 417   3 385  
  Dividends received from associated companies and joint ventures (1 528)  (3 297) 
  Share of net profit retained by associated companies and joint ventures 3 278   3 913  
  Exchange rate differences on translation from average rates to year-end rates 59   162  
  Equity adjustment transferred to non-distributable reserves    
      (Refer to statements of changes in equity) 3 337   4 075  
  Portion of the share of net profit retained by associated companies    
      and joint ventures, that has been accounted for from unaudited    
      interim reports and management accounts 876   1 039  
       
  Contingent liabilities of associated companies and joint ventures    
  Guarantees to third parties – Performance guarantees, suretyships and letters of credit of various    
      associated companies and joint ventures 170   142  
  Contingent tax liabilities 11   98  
       
  Claims – There are a number of existing and potential legal claims against various associated companies, the outcome of which cannot be foreseen, but are not regarded as material individually or on a group basis.