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ANNUAL FINANCIAL STATEMENTS
136
Tiger Brands Limited Integrated Annual Report
2014
Statements of financial position
at 30 September 2014
COMPANY
GROUP
2014
2013
(R’million)
Notes
2014
Restated*
2013
Restated*
1 October
2012
Assets
Non-current assets
Property, plant and equipment
11
5 867,6
5 498,7 3 359,2
Land and buildings
1 686,1
1 552,7 1 148,4
Plant, vehicles and equipment
4 170,5
3 931,5 2 201,9
Capitalised leased assets
11,0
14,5
8,9
Goodwill
12.1
2 411,2
3 173,2 2 361,1
Intangible assets
12.2
2 115,5
2 251,4 1 651,0
3 604,4
4 454,9
Interest in subsidiary companies
14
2 561,4
2 529,8
Amounts owed by subsidiaries
15
3 208,2
3 091,9
Investments
3 422,5
3 413,3 2 654,7
863,2
863,2 Investments in associated companies 16
3 066,9
2 900,6 2 129,9
1 990,1
1 950,9 Other investments
17
350,0
505,5
517,2
354,9
277,8 Loans
18
5,6
7,2
7,6
10,0
6,3
Deferred taxation asset
19
306,9
138,2
43,9
855,1
763,7
Current assets
10 728,3
9 485,5 7 782,0
Inventories
20
4 700,6
4 652,7 3 657,3
85,6
45,0 Trade and other receivables
21
4 867,4
4 199,9 3 753,6
499,5
653,9 Amounts owed by subsidiaries
270,0
64,8 Cash and cash equivalents
1 160,3
632,9
371,1
Assets classified as held-for-sale
22
–
1 280,7
–
10 239,1
10 846,6
Total assets
24 852,0
25 241,0 17 851,9
Equity and liabilities
9 548,8
10 155,3
Issued capital and reserves
13 177,4
12 787,1 11 173,3
139,4
117,3
Ordinary share capital and
share premium
25
139,4
117,3
94,5
2 943,9
2 942,4 Non-distributable reserves
2 086,3
1 989,8 1 408,9
6 067,2
6 735,0 Accumulated profits
13 198,8
12 990,2 12 013,0
Tiger Brands Limited shares held
by subsidiary
27
(718,0)
(718,0)
(718,0)
Tiger Brands Limited shares held
by empowerment entities
27
(1 953,9)
(1 956,0) (1 957,6)
398,3
360,6 Share-based payment reserve
23
424,8
363,8
332,5
Non-controlling interests
769,8
1 028,4
392,7
9 548,8
10 155,3
Total equity
13 947,2
13 815,5 11 566,0
545,8
552,5
Non-current liabilities
1 532,9
2 397,1
1 062,3
–
– Deferred taxation liability
28
279,1
363,5
243,7
Provision for post-retirement medical aid 35
626,4
580,9
583,6
131,8
160,6 Long-term borrowings
31
627,4
1 452,7
235,0
414,0
391,9 Amounts owed to subsidiaries
38
144,5
138,8
Current liabilities
9 371,9
8 329,8 5 223,6
29,1
37,2 Trade and other payables
29
4 441,6
3 987,1 3 256,6
–
– Provisions
30
664,6
561,0
516,9
1,8
– Taxation
243,6
131,5
132,3
37,5
33,7 Short-term borrowings
31
4 022,1
3 650,2 1 317,8
76,1
67,9 Amounts owed to subsidiaries
38
Liabilities directly associated with
assets classified as held-for-sale
22
–
698,6
–
10 239,1
10 846,6
Total equity and liabilities
24 852,0
25 241,0 17 851,9
*
The amounts have been restated due to the adoption of IAS 19R.