Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2010

« Note 37

Note 1»

38.	DISCONTINUED OPERATIONS
		2010  R million	2009  R million
	Equity accounted income from discontinued operations	–	2 417
	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
	Cash flows from discontinued operations:
	Operating activities	–	169
	Investing activities	–	3 736
	Net cash flow from discontinued operations	–	3 905

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.