| Summarised notes to the consolidated financial statements l Note 5 |
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Audited |
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2014
Rm |
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| 5. |
Proceeds on disposal of subsidiaries, investments and intangibles |
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|
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Inventories disposed |
|
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147 |
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|
826 |
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Receivables disposed |
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71 |
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|
160 |
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| |
Payables, taxation and deferred taxation balances disposed and settled |
|
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(55) |
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(384) |
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Borrowings net of cash |
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(1) |
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(180) |
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Property, plant and equipment, non-current assets, goodwill and intangibles |
|
|
16 |
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878 |
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Net assets disposed |
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179 |
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1 301 |
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Less: Non-cash translation reserves realised on disposal of foreign subsidiaries |
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(127) |
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(413) |
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Profit on disposal |
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|
10 |
|
|
456 |
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Net cash proceeds on disposal of subsidiaries |
|
|
62 |
|
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1 343 |
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Bank balances and cash in subsidiaries disposed |
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(2) |
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(44) |
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Proceeds on disposal of investments and intangibles |
|
|
1 |
|
|
17 |
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| |
Cash proceeds on disposal of subsidiaries, investments and intangibles |
|
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61 |
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1 316 |
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The net cash proceeds, on disposal of subsidiaries of R62 million relates to the disposal of Barloworld Logistics’ Spanish operations in June 2015, Barloworld Logistics’ SAT GmbH operations in July 2015 and Barloworld Handling’s Russian agriculture business in September 2015. |
| Summarised notes to the consolidated financial statements l Note 5 |
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