- Statement of responsibility by board of directors
- Statement by the company secretary
- Audit and Risk Committee Report
- Report of the independent auditor
- Report of the board of directors
- Accounting policies
- Balance sheets
- Income statements
- Statements of changes in equity
- Cash flow statements
- Notes to the annual financial statements
- Annexure A – Principal subsidiary companies
- Annexure B – Principal investments
- Annexure C – Significant associated companies
- Annexure D – Information on business and geographical segments
Notes to the annual financial statements
FOR THE YEAR ENDED 31 MARCH 2009
| « Note 36 | Note 1 » |
| 37. | DISCONTINUED OPERATIONS | ||
| 2009 | 2008 | ||
| R million | R million | ||
| Equity accounted income from discontinued operations | 2 417 | 3 385 | |
| Realisation of reserves previously deferred in equity | 2 695 | – | |
| Pre-tax profit on distribution of discontinued operations | 38 068 | – | |
| Tax on the distribution of discontinued operations | (677) | – | |
| Profit for the year from discontinued operations | 42 503 | 3 385 | |
| Cash flows from discontinued operations: | |||
| Operating activities | 169 | 1 893 | |
| Investing activities | 3 736 | – | |
| Net cash flow from discontinued operations | 3 905 | 1 893 |
On 7 October 2008 Remgro shareholders approved the unbundling of the investment in BAT by way of an interim dividend in specie, and on 3 November 2008 Remgro distributed 192.9 million ordinary shares in BAT and 302.6 million ReinetInvestments S.C.A. (Reinet) depositary receipts (DRs) to Remgro shareholders in the ratio of 40.6054 BAT ordinary shares and 63.6977 Reinet DRs for every 100 Remgro shares held. |
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