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Statement of financial position - ZAR (R)
R in Millions
Dec. 31, 2019
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Assets        
Property, plant and equipment [1] R 282,349 R 233,549 R 181,552  
Assets under construction [2] 83,474 127,764 184,007  
Right of use assets [3] 16,475      
Goodwill and other intangible assets 3,299 3,357 2,792  
Equity accounted investments 10,276 9,866 10,961  
Post-retirement benefit assets 1,151 1,274 1,292  
Deferred tax assets [4] 9,686 8,563 4,302  
Other long-term assets 7,181 7,580 7,223  
Non-current assets 413,891 391,953 392,129  
Assets in disposal groups held for sale 1,302 2,554 136  
Inventories 30,475 29,646 31,203  
Trade and other receivables 25,724 29,308 30,515  
Short-term financial assets [5] 2,279 630 2,602  
Cash and cash equivalents 12,674 15,877 15,876  
Current assets 72,454 78,015 80,332  
Total assets 486,345 469,968 472,461  
Equity and liabilities        
Shareholders' equity 222,645 219,910 235,997  
Non-controlling interests 6,001 5,885 6,241  
Total equity 228,646 225,795 242,238 R 228,608
Long-term debt 121,287 127,350 114,013  
Lease liabilities [3] 15,939 7,445 7,216  
Long-term provisions 17,974 17,622 15,621  
Post-retirement benefit obligations 12,850 12,708 12,141  
Long-term deferred income 560 924 850  
Long-term financial liabilities [6] 2,142 1,440 433  
Deferred tax liabilities [4] 28,791 27,586 28,773  
Non-current liabilities 199,543 195,075 179,047  
Liabilities in disposal groups held for sale 411 488 44  
Short-term debt [7] 18,380 3,783 10,243  
Short-term financial liabilities 1,348 765 1,264  
Other current liabilities [8] 38,013 44,004 39,519  
Bank overdraft 4 58 106  
Current liabilities 58,156 49,098 51,176  
Total equity and liabilities R 486,345 R 469,968 R 472,461  
[1] Includes assets under construction capitalised of R69 billion and depreciation for the period of R10 billion
[2] Actual capital expenditure, including accruals, amounted to R21 billion. This includes R10 billion (US$0.7 billion) relating to the LCCP. R69 billion was capitalised to property, plant and equipment, including R55 billion relating to the LCCP
[3] Refer to page 15 for the impact of the adoption of IFRS 16 ‘Leases’
[4] Deferred tax assets and liabilities are determined based on the tax status and rates of the underlying entities. The increase in deferred tax assets relate to our US Operations.
[5] Fair value period end adjustments, mainly the zero-cost foreign exchange collars
[6] Includes R674 million relating to an embedded derivative contained in the Oxygen Train 17 agreement with Air Liquide, which was recognised as a Finance Lease under IAS 17. With the adoption of IFRS 16 the agreement is recognised as a service agreement
[7] Short-term debt includes R14 billion relating to the US$1 billion syndicated loan facility raised in November 2019.
[8] The movement mainly relates to the R3.9 billion decrease in capital project related payables as the LCCP nears completion