Unconsolidated subsidiary – Annexure B

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CAFCA

The financial statements of Cafca, a company incorporated in Zimbabwe, have not been consolidated in the group financial statements as the directors believe there is a lack of control as defined in IAS 27 – Consolidated and Separate Financial Statements. The amounts involved are not material to the group.
 
  %
Effective holding (held via ATC) 71,5
Attributable Reunert group holding 64,3
  Rm
Shares at cost 7,3
Less: Amount written off (7,3)
Carrying value of investment
 
  30 september
2013
US$000
30 September
2012
US$000

INCOME STATEMENT

 
Revenue
23 858,2
23 119,9
Operating profit
2 068,3
2 382,1
Net finance income
(157,4)
(89,8)
Profit before taxation
1 910,9
2 292,3
Taxation charge
(472,6)
(647,1)
Profit for the year
1 438,3
1 645,2
Other comprehensive income
Total comprehensive income
1 438,3
1 645,2
Profit attributable to Reunert shareholders (Rm)

BALANCE SHEET

   

ASSETS

 
Non-current assets
3 092,7
3 123,6
 
3 092,7
3 123,6
Current assets
 
Inventory
5 750,9
6 428,9
Accounts receivable
5 139,9
3 382,4
Cash
64,8
419,6
 
10 955,6
10 230,9

TOTAL ASSETS

14 048,3
13 354,5

EQUITY AND LIABILITIES

 
Share capital and reserves
10 261,4
8 815,4
Non-current liabilities
680,9
732,9
Current liabilities
3 106,0
3 806,2
 
3 786,9
4 539,1

TOTAL EQUITY AND LIABILITIES

14 048,3
13 354,5
At 30 September 2013 the retained earnings amounted to US$10,1 million (30 September 2012: US$8,7 million).