balance sheet

As at		As at December
30 June 2006		2006	2005
Rm		Rm	Rm
	ASSETS
2 490.6	Non-current assets	2 778.0	2 190.9
1 597.7	Property, plant and equipment	1 801.5	1 421.2
109.0	Investment property	109.0	72.2
–	Investments	–	2.6
249.2	Loans to customers	271.6	228.6
71.6	Participation in export partnerships	71.2	62.4
23.0	Goodwill	23.0	–
184.2	Other loans	216.1	191.7
255.9	Deferred tax	285.6	212.2
6 277.7	Current assets	7 443.0	5 808.4
841.4	Inventories	1 175.1	865.7
2 971.2	Woolworths card debtors	3 269.6	2 788.7
593.7	Credit card receivables	752.1	405.5
815.8	Accounts receivable	911.9	851.0
640.9	Loans to customers	698.4	587.8
4.5	Tax	28.8	26.9
410.2	Cash	607.1	282.8

8 768.3	Total assets	10 221.0	7 999.3
	EQUITY AND LIABILITIES
2 634.2	Capital and reserves	2 940.2	2 343.3
2 606.3	Ordinary shareholders’ interest	2 908.2	2 316.2
27.9	Minority shareholders’ interest	32.0	27.1
2 801.0	Non-current liabilities	2 353.3	3 075.1
2 100.0	Interest bearing borrowings	1 600.0	2 400.0
420.2	Operating lease accrual	433.3	404.8
202.7	Post-retirement medical aid liability	214.3	193.2
78.1	Deferred tax	105.7	77.1
3 333.1	Current liabilities	4 927.5	2 580.9
1 604.1	Accounts payable	2 015.5	1 734.0
131.0	Provisions	138.7	105.5
264.4	Tax	334.6	258.6
1 333.6	Interest bearing borrowings	2 438.7	482.8

8 768.3	Total equity and liabilities	10 221.0	7 999.3
326.9	Net asset book value per share (cents)	363.3	290.0
	GROUP ANALYSIS
8 768.3	Total assets	10 221.0	7 999.3
8 368.1	Woolworths	9 808.0	7 610.5
400.2	Country Road	413.0	388.8
841.4	Inventories	1 175.1	865.7
707.9	Woolworths	1 054.1	711.0
133.5	Country Road	121.0	154.7
419.5	Approved commitment for capital expenditure	340.2	448.8
366.2	Woolworths	320.4	442.0
53.3	Country Road	19.8	6.8