A N N U A L   R E P O R T   –   2 0 0 2 
Financial highlights Statutory information
Letter to the shareholders Accounting policies
Board of directors Income statements
Group operations Balance sheets
Developing people Cash flow statements
Corporate governance Notes to the cash flow statements
Value added statement Statements of changes in equity
Segmental analysis Principal subsidiaries
Five-year financial review Share ownership analysis
Summary of statistics Shareholders’ diary
Definitions Administration
Directors’ responsibility Notice of annual general meeting
Report of the independent auditors Currency conversion table
Secretaries’ certification Board, Director and Committes

B A L A N C E    S H E E T S        

AT 30 SEPTEMBER 2001

       
   
GROUP              
COMPANY            
   
2002 
2001 
2002 
2001 
 
Notes 
Rm 
Rm 
Rm 
Rm 

ASSETS          
NON-CURRENT ASSETS          
Property, plant and equipment 11  157,1  161,8  63,4  70,7 
Goodwill 12  360,0  10,9  21,5  1,0 
Interest in subsidiaries 13  304,5  314,1 
Interest in associates 14  131,1  155,9 

163,6 

1,2 

Other investments 15  32,5  39,0  39,7  39,3 
RC&C Finance Company accounts          
receivable 16  953,9  745,1     
Deferred taxation assets 17  25,9  42,0  24,7  20,5 

1 648,5  1 171,6  597,9  452,4 
           
CURRENT ASSETS          
Inventory and contracts in progress 18  659,8  496,5  481,4  358,8 
Accounts receivable 19  712,9  595,9  231,2  297,8 
Cash and cash equivalents 20  283,5  303,5  80,1  69,4 

1 656,2  1 395,5  792,7  726,0 

TOTAL ASSETS 3 304,7  2 543,7  1 390,6  1 178,4 

EQUITY AND LIABILITIES          
CAPITAL AND RESERVES          
Share capital and premium 21  37,8  35,0  272,4  269,6 
Non-distributable reserves 22  68,1  99,8  0,3  0,3 
Accumulated profit 965,2  743,7  555,6  469,5 

1 071,1  878,5  828,3  739,4 
INTEREST OF OUTSIDE          
SHAREHOLDERS IN SUBSIDIARIES  
103,5 
137,9 
   
NON-CURRENT LIABILITIES          
Deferred taxation liabilities 17  45,9  48,6  –  – 
Long-term liabilities 23  –  2,7  –  – 

45,9  51,3  –  – 
CURRENT LIABILITIES          
Short-term loans and bank overdrafts 23  2,8   13,8  –  – 
RC&C Finance Company short-term          
borrowings 838,0  324,0     
Provisions 24  114,1  108,9  19,6  22,0 
Trade and other payables 1 063,9  918,8  509,1  361,3 
Taxation 65,4  110,5  33,6  49,3 

2 084,2  1 146,0  562,3  432,6 

TOTAL EQUITY AND LIABILITIES 3 304,7  2 543,7  1 390,6  1 172,0 


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