Financial results

Interim Results
For the six months ended 31 December 2003

Commentary | Income statements | Segmental reporting | Balance sheets 
Statement of changes in equity | Cash flow statement | Notes

Abridged group balance sheets

(Rand 000's unless otherwise stated)
  Unaudited
six months to
31 December 2003
  Unaudited
six months to
31 December 2002
  Audited
year to
30 June 2003

Assets
Non-current assets 347 812   288 627   302 788
Fixed assets 299 886

  251 042   259 740
Other Long-term assets 47 926

  37 585   43 048
Current assets 323 711

  290 202   327 327
Inventories 82 909

  117 272   99 892
Trade and other receivables 81 458

  70 148   69 890
Cash and cash equivalents 159 344

  102 782   157 545

Total assets 671 523

  578 829   630 115

Equity and Liabilities
Capital and reserves 478 413

  370 242   426 931
Stated capital 27 175

  27 175   27 175
Non-distributable reserve 7 213

  5 120   7 059
Retained profit 444 025

  337 947   392 697
Outside shareholders' interest 13 740

  9 950   10 774
Non-current liabilities 12 949

  10 542   12 947
Deferred tax 534

  1 403   535
Long-term liabilities 9 472

  6 194   9 469
Provision for warranties 2 943

  2 945   2 943
Current liabilities 166 421

  188 095   179 463
Trade and other payables 128 368

  176 863   160 889
Taxation 38 053

  11 232   18 574

671 523

  578 829   630 115

Net asset value per share (cents) 2 635

  2 067   2 361