31 December 31 December
  Audited Audited
  2009 2008
  R000 R000
Ships, property, terminals, vehicles and equipment 3 923 378 4 540 514
Intangible assets 830 663 713 046
Investments in associates 283 068 316 746
Deferred taxation 159 088 159 352
Derivative financial assets and other investments 185 376 191 238
Recoverables on cancelled ships 238 589 –
Loans and advances to bank customers 1 483 314 1 049 761
Liquid assets and short-term negotiable securities 104 092 138 553
Bank balances and cash 1 917 695 2 403 087
Other current assets 3 493 156 4 469 033
Non-current assets held for sale 12 680 2 245
Total assets 12 631 099 13 983 575
Shareholders’ equity 5 737 980 6 712 696
Minority interest 98 146 62 315
Total equity 5 836 126 6 775 011
Deferred taxation 22 277 18 527
Provision for post-retirement medical aid 77 868 77 900
Income received in advance 88 441 151 200
Deposits from bank customers 1 756 126 1 507 046
Interest-bearing debt 2 246 462 1 963 564
  10 027 300 10 493 248
Non-current liabilities associated with assets held for sale 5 193 –
Other liabilities 2 598 606 3 490 327
Total funding 12 631 099 13 983 575
Net worth per ordinary share – at book value (cents) 1 122 1 336
Net debt: equity ratio 0,04:1 (0,05):1
Capital expenditure 1 407 629 2 158 501
Capital commitments    
Authorised by directors and contracted for 2 243 062 3 245 998
  Due within one year 1 455 328 1 647 309
  Due thereafter 787 734 1 598 689
Authorised by directors not yet contracted for 56 434 277 000
SEGMENTAL ANALYSIS    
Revenue
Shipping 4 918 406 7 069 205
Trading 20 335 439 24 022 393
Freight Services 2 302 323 2 551 792
Financial Services 135 695 93 520
Group costs 178 –
  27 692 041 33 736 910
Trading profit (Earnings before interest, taxation, depreciation and amortisation)
Shipping 774 174 2 387 638
Trading 255 743 230 429
Freight Services 387 239 378 102
Financial Services 54 193 46 409
Group costs (36 427) (16 561)
  1 434 922 3 026 017
Operating profit before interest and taxation
Shipping 647 292 2 292 301
Trading 249 264 221 938
Freight Services 233 903 242 792
Financial Services 52 192 44 605
Group costs (40 129) (16 561)
  1 142 522 2 785 075
Attributable income
Shipping 492 482 1 862 364
Trading 181 233 131 842
Freight Services 221 717 188 654
Financial Services 35 500 34 614
Group costs (58 169) (59 584)
  872 763 2 157 890
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