FOSCHINI LIMITED
as at 31 March
STATEMENT OF FINANCIAL POSITION |
|||
| 2010 | 2009 | ||
| Note | Rm | Rm | |
| ASSETS | |||
| Non-current assets | |||
| Investment in preference shares | 4 | 200,0 | 200,0 |
| Interest in subsidiaries | Appendix 1 | 950,0 | 1 246,5 |
| Deferred taxation | |||
| 1 150,0 | 1 446,5 | ||
| Current assets | |||
| Interest in subsidiaries | Appendix 1 | 682,5 | 749,3 |
| Other receivables | 3,9 | 5,4 | |
| Cash | 1,7 | 1,3 | |
| 688,1 | 756,0 | ||
| Total assets | 1 838,1 | 2 202,5 | |
| EQUITY AND LIABILITIES | |||
| Capital and reserves | |||
| Share capital | 13.2 | 3,4 | 3,4 |
| Share premium | 498,7 | 498,7 | |
| Dividend reserve | 15.1 | 408,8 | 408,8 |
| Distributable reserve | 916,3 | 1 278,3 | |
| 1 827,2 | 2 189,2 | ||
| Current liabilities | |||
| Other payables | 5,7 | 6,2 | |
| Taxation payable | 5,2 | 7,1 | |
| 10,9 | 13,3 | ||
| Total equity and liabilities | 1 838,1 | 2 202,5 | |
| Guarantee: The company has guaranteed the overdraft facilities of subsidiary companies. The amounts utilised amounted to |
1 041,0 | 1 271,0 | |
