31 December 31 December
  Audited Audited
  2011 2010*
  R000 R000
Ships, property, terminals, vehicles and equipment 5 267 565 4 564 226
Investment property 22 096
Intangible assets 547 931 648 729
Investments in associates 266 081 243 915
Investments in joint ventures 719 528 801 724
Deferred taxation 89 472 162 379
Other investments and derivative financial assets 129 478 92 066
Recoverables on cancelled ships 380 566
Total non-current assets 7 422 717 6 513 039
Loans and advances to bank customers 2 073 903 1 709 796
Liquid assets and short-term negotiable securities 190 259 129 365
Short-term loans 771 658 519 818
Bank balances and cash 2 979 172 1 149 857
Other current assets 3 525 376 3 869 555
Non-current assets held for sale 3 467 286
Total assets 20 430 371 13 891 430
Shareholders’ equity 9 216 769 5 856 861
Non-controlling interests 94 336 113 854
Total equity 9 311 105 5 970 715
Deferred taxation 124 796 117 349
Provision for post-retirement medical aid 52 336 49 628
Interest-bearing borrowings 2 226 575 1 314 553
Other non-current liabilities 33 669 31 137
Non-current liabilities 2 437 376 1 512 667
Deposits from bank customers 2 910 945 2 016 137
Current interest-bearing borrowings 2 147 704 2 013 420
Other liabilities 1 206 290 2 378 491
Non-current liabilities associated with assets held for sale 2 416 951
Total equity and liabilities 20 430 371 13 891 430
Net worth per ordinary share – at book value (cents) 1 454 1 122
Net debt: equity ratio 0,10:1 0,31:1
Capital expenditure 1 166 228 1 784 914
Capital commitments 472 423 1 182 245
  Authorised by directors and contracted for 247 016 843 184
    Due within one year 199 190 693 294
    Due thereafter 47 826 149 890
Authorised by directors not yet contracted for 225 407 339 061