2014 Rm	2013 Rm	2012 Rm
12.	DISCONTINUED OPERATIONS AND ASSETS CLASSIFIED AS HELD FOR SALE
	The Australian motor retail business was disposed of on 31 March 2014.
	Results from the discontinued operations are as follows:
	Revenue	2 783	5 508	5 047
	Operating profit before items listed below (EBITDA)	96	166	147
	Depreciation	(10)	(20)	(20)
	Operating profit	86	145	127
	Finance costs	(8)	(22)	(19)
	Income from investments		1	1
	Profit before exceptional items	78	124	109
	Exceptional items		(40)
	Profit before taxation	78	84	109
	Taxation	(24)	(38)	(31)
	Net profit of discontinued operations before profit on disposal	54	46	78
	Profit on disposal of discontinued operations (including realisation of translation reserve)	369
	Taxation effect of disposal	5
	Profit from discontinued operations per income statement*	428	46	78
	The cash flows from the discontinued operations are as follows:
	Cash flows from operating activities	198	143	27
	Cash flows from investing activities	1 179	(8)	(7)
	Cash flows from financing activities	(889)	(95)	12

*

All profits are due to the Barloworld Limited shareholders.

The major classes of assets and liabilities classified as held for sale are as follows: 2014 There are no assets or liabilities held for sale.

		Total held for sale1 Rm
	2013
	Property, plant and equipment	105
	Goodwill	22
	Investment classified as held for sale	30
	Inventories	103
	Trade and other receivables***	80
	Deferred taxation assets	2
	Cash balances	29
	Assets classified as held for sale	371
	Trade and other payables – short and long term**	(95)
	Other current and non-current liabilities	(11)
	Total liabilities associated with assets classified as held for sale	(106)
	Net assets classified as held for sale	265
	2012 There were no assets or liabilities held for sale.

	1	The September 2013 assets held for sale relate to the net assets of the Ferntree Gully motor dealership in Australia, the Handling Holland dealership and the Flynt Logistics operations and were sold in the period.
	**	Include financial liabilities measured at amortised cost of R66 million.
	***	Include financial assets of R75 million.