CONSOLIDATED BALANCE SHEET
AT 30 JUNE 2004
       
R million
Notes 
2004 
2003 
ASSETS
Non-current assets
Property, plant and equipment
1 
26 
* 
Intangible assets
2 
556 
556 
Investments – Associated companies **
3 
1 555 
5 595 
                   – Other **
4 
2 497 
636 
Deferred taxation
16 
12 
– 
 
4 646 
6 787 
Current assets
2 548 
1 468 
Inventories
5 
27 
– 
Trade and other receivables
6 
115 
48 
Taxation
17 
6 
Cash and cash equivalents **
2 389 
1 414 
Total assets 
7 194 
8 255 
 
 
 
EQUITY AND LIABILITIES
Capital and reserves
Issued capital
7 
8 
8 
Share premium
26 
26 
Reserves
8 
7 635 
8 536 
Treasury shares
 7 
(636)
(365)
Interest of own members
7 033 
8 205 
Non-current liabilities
15 
– 
Long-term interest-bearing loans
9 
7 
– 
Deferred taxation
16 
8 
– 
Current liabilities
146 
50 
Trade and other payables
110 
15 
Short-term interest-bearing loans
10 
23 
– 
Provisions
11 
5 
– 
Derivative instruments
24 
2 
– 
Taxation
6 
35 
Total equity and liabilities
7 194 
8 255 
 
 
 
 
* Amount smaller than R500 000
** Change in respect of R&V Holdings Limited (R&V)
  With effect from 30 June 2004, R&V became a wholly-owned subsidiary of VenFin and was consolidated from that date. As a result thereof certain balance sheet items are not comparable with those of the previous financial year.
 
 
       
Assuming R&V was accounted for as an associated company at 30 June 2004:
   Investments – Associated companies would have increased to
5 167 
   Investments – Other would have decreased to
594 
   Cash and cash equivalents would have decreased to
714 
     
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