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Summary consolidated annual financial statements
AS AT 30 JUNE 2014
Group statement
of financial position
(R'000)
AUDITED
2014
2013
Restated*
2012
Restated*
Assets
Non-current assets
Property, plant and equipment
908 575
935 789
871 148
Investment property
95 607
–
–
Investment in associates
78 037
58 042
34 229
Loans to associates
32 233
6 723
4 917
Investment in joint ventures
60 483
49 769
59 273
Investments in service concessions
421 563
360 684
296 635
Investment in property developments
–
–
8 716
Pension fund surplus
229 498
166 734
137 049
Deferred taxation
46 361
57 279
52 223
Non-current trade receivables
195 630
95 302
116 245
Total non-current assets
2 067 987
1 730 322
1 580 435
Current assets
Inventories
345 766
261 811
257 541
Contracts in progress
637 719
304 849
539 418
Derivative financial instruments
5 146
21 358
–
Trade and other receivables
3 914 521
3 405 607
2 614 041
Cash and cash equivalents
2 912 240
2 954 123
2 265 028
Total current assets
7 815 392
6 947 748
5 676 028
Non-current assets classified as held for sale
49 671
108 177
272 928
Total assets
9 933 050
8 786 247
7 529 391
Equity and liabilities
Equity attributable to equity holders of the parent
Stated capital
1 256 531
1 229 568
1 219 119
Retained earnings
1 297 259
937 482
709 979
Foreign currency translation reserve
65 885
(12 506)
(120 362)
Equity – shareholders
2 619 675
2 154 544
1 808 736
Non-controlling interest
73 298
75 325
68 195
Total equity
2 692 973
2 229 869
1 876 931
Non-current liabilities
Interest-bearing borrowings
505 834
681 813
610 672
Provision for employment obligations
73 957
49 295
33 935
Provision for environmental rehabilitation
4 000
4 000
4 000
Deferred taxation
34 750
12 359
15 921
Non-current trade payables
17 363
51 009
59 270
Total non-current liabilities
635 904
798 476
723 798
Current liabilities
Excess billings over work
1 428 136
1 317 671
822 277
Derivative financial instruments
–
–
854
Trade and other payables
4 500 938
4 151 665
3 738 570
Contract related provisions
39 987
36 806
59 294
Current taxation payable
190 300
118 772
39 438
Current portion of interest-bearing borrowings
350 440
80 834
62 128
Short term borrowings
70 772
21 100
27 740
Total current liabilities
6 580 573
5 726 848
4 750 301
Liabilities associated with assets classified
as held for sale
23 600
31 054
178 361
Total liabilities
7 240 077
6 556 378
5 652 460
Total equity and liabilities
9 933 050
8 786 247
7 529 391
* Restated for the adoption of IFRS 11 – Joint Arrangements and IAS 19 (Revised) – Employee Benefits.