| Audited | |||||||
|---|---|---|---|---|---|---|---|
| 2018 Rm |
2017 Rm |
||||||
| 5. | PROCEEDS ON DISPOSAL OF SUBSIDIARIES, INVESTMENTS AND INTANGIBLES | ||||||
| Inventories disposed | 969 | 551 | |||||
| Receivables disposed | 1 196 | 26 | |||||
| Payables, taxation and deferred taxation balances disposed and settled | (785) | (60) | |||||
| Borrowings net of cash | 162 | ||||||
| Property, plant and equipment, non-current assets, goodwill and intangibles | 1 048 | 151 | |||||
| Net assets disposed | 2 590 | 668 | |||||
| Outstanding receivable from buyer | (170) | ||||||
| Less: Non-cash translation reserves realised on disposal of foreign subsidiaries | (1 502) | ||||||
| Profit/(loss) on disposal | 1 586 | (9) | |||||
| Investment in joint venture | (301) | ||||||
| Net cash proceeds on disposal of subsidiaries | 2 504 | 358 | |||||
| Bank balances and cash in subsidiaries disposed | (162) | ||||||
| Proceeds on disposal of investments and intangibles | 21 | ||||||
| Cash proceeds on disposal of subsidiaries, investments and intangibles | 2 342 | 379 | |||||
| The net cash proceeds on disposal of subsidiaries arises from the sale of the Equipment Iberia business for R2.5 billion (€163 million) during June 2018. |