| |
|
|
Stock |
|
|
|
|
| |
|
Shares |
exchange |
|
|
30 Sept |
31 March |
| |
|
held |
closing |
|
Exchange |
2007 |
2007 |
| |
Notes |
million |
price |
£'m |
rate |
R'm |
R'm |
| Tobacco interests |
|
|
|
|
|
|
|
| R&R Holdings |
|
|
|
3 941.7 |
14.0020 |
55 191 |
52 229 |
| - BAT ordinary shares |
1 |
214.3 |
1 752 |
3 754.5 |
|
|
|
| - Cash and dividends accrued |
|
|
|
187.4 |
|
|
|
| - Other net assets/(liabilities) |
|
|
|
(0.2) |
|
|
|
| |
|
|
|
|
|
|
|
| Financial services |
|
|
|
|
|
|
|
| FirstRand |
|
481.1 |
2 210 |
|
|
10 633 |
11 836 |
| RMB Holdings |
|
281.0 |
3 337 |
|
|
9 376 |
10 111 |
| |
|
|
|
|
|
|
|
| Industrial interests |
|
|
|
|
|
|
|
| Medi-Clinic Corporation |
|
171.1 |
2 220 |
|
|
3 799 |
4 295 |
| Distell Group |
|
58.7 |
6 398 |
|
|
3 754 |
3 054 |
| Unilever Bestfoods Robertsons |
|
|
|
|
|
3 663 |
3 020 |
| Rainbow Chicken |
|
214.6 |
1 610 |
|
|
3 455 |
2 778 |
| Total South Africa |
|
|
|
|
|
2 585 |
2 226 |
| Tsb Sugar |
|
|
|
|
|
1 773 |
1 980 |
| Nampak |
|
78.1 |
2 160 |
|
|
1 687 |
1 735 |
| Kagiso Trust Investments |
|
|
|
|
|
1 278 |
1 312 |
| Air Products South Africa |
|
|
|
|
|
1 039 |
910 |
| PG Group |
|
|
|
|
|
719 |
- |
| Wispeco |
|
|
|
|
|
403 |
421 |
| Dorbyl |
|
14.1 |
1 025 |
|
|
144 |
211 |
| Caxton |
|
7.8 |
1 750 |
|
|
136 |
130 |
| |
|
|
|
|
|
|
|
| Mining interests |
|
|
|
|
|
|
|
| Implats |
|
26.7 |
24 000 |
|
|
6 405 |
6 085 |
| Trans Hex Group |
|
30.2 |
1 205 |
|
|
364 |
438 |
| |
|
|
|
|
|
|
|
| Other |
|
|
|
|
|
|
|
| Sundry investments and loans |
|
|
|
|
|
296 |
220 |
| Deferred taxation asset/(liability) |
|
|
|
|
|
(785) |
(738) |
| Other net assets/(liabilities) |
|
|
|
|
|
416 |
506 |
| |
|
|
|
|
|
|
|
| Cash at the centre |
|
|
|
|
|
|
|
| - Local |
2 |
|
|
|
|
977 |
1 220 |
| - Offshore |
2 |
|
|
211.6 |
14.0020 |
2 963 |
3 137 |
| |
|
|
|
|
|
|
|
| Intrinsic net asset value |
|
|
|
|
|
110 271 |
107 116 |
| |
|
|
|
|
|
|
|
| Potential CGT liability |
3 |
|
|
|
|
(2 386) |
(2 714) |
| |
|
|
|
|
|
|
|
| Intrinsic net asset value after tax |
|
|
|
|
|
107 885 |
104 402 |
| |
|
|
|
|
|
|
|
| INTRINSIC VALUE PER SHARE |
|
|
|
|
|
R228.33 |
R221.00 |
| |
|
|
|
|
|
|
|
| Issued shares after deduction of shares repurchased and the shares in The Remgro Share Trust (million) |
|
472.5 |
472.4 |
| |
|
|
|
|
|
|
|
| Notes |
|
|
|
|
|
|
|
| 1. |
This represents Remgro's effective interest of 10.6% in BAT Plc. |
| 2. |
Cash at the centre excludes cash held by subsidiaries and associated companies that are separately valued above. |
| 3. |
The potential capital gains tax (CGT) liability, which is unaudited, is calculated on the specific identification method using the most favourable calculation for investments acquired before 1 October 2001 and also taking into account the corporate relief provisions. Deferred CGT on investments available-for-sale (Implats and Caxton) is included in "Other" above. |
| 4. |
Unlisted investments are shown at directors' valuation. Listed investments are shown at stock exchange prices. |
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| |
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