Group Balance Sheet
as at 31 March

Foschini Limited and its subsidiaries

    2008 2007
  Note Rm Rm
ASSETS      
Non-current assets      
Property, plant and equipment 2 847,4 782,1
Goodwill and intangible assets 3 30,8 30,9
Preference share investment 4 200,0 200,0
Investment in associates 5 5,0 –
Staff housing loans 6 1,3 2,9
Private label card receivables 7 253,0 155,0
Loan receivables 8 567,3 706,3
Participation in export partnerships 9 92,5 103,5
Deferred taxation asset 10 174,5 179,7
    2 171,8 2 160,4
Current assets      
Inventory 11 1 290,0 1 292,9
Trade receivables – retail 12 2 414,9 2 235,2
Private label card receivables 7 815,3 671,7
Other receivables and prepayments   162,1 186,6
Loan receivables 8 148,9 160,2
Participation in export partnerships 9 8,0 7,6
Cash 13 63,4 69,1
    4 902,6 4 623,3
Total assets   7 074,4 6 783,7
EQUITY AND LIABILITIES      
Equity attributable to equity holders of Foschini Limited      
Share capital 14 3,0 3,1
Share premium   498,7 498,7
Treasury shares 15 (1 230,2) (685,0)
Dividend reserve 16.1 408,8 408,8
Hedging reserve (deficit) 16.2 12,1 (0,3)
Share-based payments reserve 16.3 91,6 60,9
Insurance cell reserves 16.4 1,5 –
Retained earnings   4 059,7 3 537,4
    3 845,2 3 823,6
Minority interest 17 290,9 181,3
Total equity   4 136,1 4 004,9
Non-current liabilities      
Interest-bearing debt 18 561,3 1 014,6
Operating lease liability   128,7 121,0
Deferred taxation liability 10 156,5 146,8
    846,5 1 282,4
Current liabilities      
Interest-bearing debt 18 1 201,0 5,9
Trade and other payables 19 741,8 1 171,7
Taxation payable   64,9 234,7
Post-retirement defined benefit plan 20 84,1 84,1
    2 091,8 1 496,4
Total liabilities   2 938,3 2 778,8
Total equity and liabilities   7 074,4 6 783,7