| Dec 2007 | Dec 2006 | June 2007 | ||
| 6 months | 6 months | 18 months | ||
| Unaudited | Unaudited | Audited | ||
| Restated | ||||
| Rm | Rm | Rm | ||
| 1. | Net financing costs | 40,6 | 18,0 | 51,1 |
| Interest received | – | (0,5) | (0,7) | |
| Interest paid | 40,6 | 18,5 | 51,8 | |
| 2. | Capital expenditure commitments | 163,3 | 47,0 | 201,2 |
| Contracted | 22,9 | 9,5 | 29,8 | |
| Approved but not yet contracted | 140,4 | 37,5 | 171,4 | |
| 3. | Operating lease commitments | 26,1 | 32,4 | 23,9 |
| 4. | Guarantees and contingent liabilities | 8,2 | 8,8 | 5,8 |
| 5. | Taxation
Taxation remains low in relation to reported profits mainly due to non-taxable income. |
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| 6. | Basis of preparation of the results
The condensed unaudited results of the group for the six months ended 31 December 2007 have been prepared in accordance with the accounting policies of the group and in accordance with International Accounting Standard 34: Interim Financial Reporting, which comply with International Financial Reporting Standards (IFRS). Certain prior period adjustments which were made in the June 2007 financial period have affected the December 2006 period (relating to a change in the valuation method in accordance with International Accounting Standard 41: Agriculture) and have been restated accordingly. | |||
| 7. | Unaudited results
The results for the six months ended 31 December 2007 have not been audited or reviewed by the company’s auditors. |
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