Tiger Brands: Integrated Report 2018

Annual financial statements

Statements of financial position

as at 30 September 2018

Company									Group
2018		2017			(R'million)		Notes/ Annexures		2018		2017
					Assets
					Non-current assets
					Property, plant and equipment		11		4 599,2		4 588,4
					Goodwill		12		1 695,4		1 774,2
					Intangible assets		12		1 751,8		1 822,8
2 551,4		2 810,1			Interest in subsidiary companies		A
2 524,9		2 428,3			Amounts owed by subsidiaries		32
4 157,2		3 965,9			Investments				5 102,2		4 720,1
1 138,7		1 138,7			Investments in associated companies		14		4 910,2		4 543,2
2 166,1		2 114,9			Other investments		15		189,2		174,1
852,4		712,3			Loans		16		2,8		2,8
–		21,4			Deferred taxation asset		17		16,8		44,0
1 131,1		1 145,5			Current assets				10 763,0		10 665,0
					Inventories		18		5 064,0		4 812,0
326,9		299,6			Trade and other receivables		19		4 117,9		4 631,6
499,5		499,5			Amounts owed by subsidiaries		32
304,7		346,4			Cash and cash equivalents				1 581,1		1 221,4
					Assets classified as held-for-sale		34		–		364,7
10 364,6		10 371,2			Total assets				23 928,4		23 979,2
					Equity and liabilities
10 215,5		9 764,9			Issued capital and reserves				17 302,0		16 803,8
142,0		148,5			Ordinary share capital and share premium		20		142,0		148,5
2 944,8		2 940,5			Non-distributable reserves				3 432,6		3 040,0
6 571,3		6 164,9			Accumulated profits				15 581,1		15 544,5
					Tiger Brands Limited shares held by subsidiary		21		(718,0)		(718,0)
					Tiger Brands Limited shares held by empowerment entities		21		(1 747,1)		(1 771,2)
557,4		511,0			Share-based payment reserve		27		611,4		560,0
					Non-controlling interests				163,2		257,4
10 215,5		9 764,9			Total equity				17 465,2		17 061,2
5,2		451,9			Non-current liabilities				1 062,2		968,8
5,2		–			Deferred taxation liability		17		370,4		347,7
					Provision for post-retirement medical aid		29		617,5		619,1
					Long-term borrowings		25		74,3		2,0
–		451,9			Amounts owed to subsidiaries		32
143,9		154,4			Current liabilities				5 401,0		5 776,1
23,8		28,7			Trade and other payables		23		3 841,5		4 278,2
					Provisions		24		523,2		614,9
–		17,0			Taxation				119,4		94,4
					Short-term borrowings		25		916,9		788,6
120,1		108,7			Amounts owed to subsidiaries		32
					Liabilities directly associated with assets classified as held-for-sale		34		–		173,1
10 364,6		10 371,2			Total equity and liabilities				23 928,4		23 979,2