Notes to the annual financial statements

15.	Assets held for sale
		2010 R million	2009 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, which were initially anticipated to have been finalised during the 2009 financial year is still 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.

	Carrying value of the assets classified as “held for sale”	167	176
	Property, plant and equipment	119	116
	Biological agricultural assets	48	60
	Effective 30 November 2009 the investment in Trans Hex was reclassified as “held for sale” and
	accordingly the investment is measured in terms of the requirements of IFRS 5.
	Carrying value of the investment classified as “held for sale”	65	–
		232	176

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15.