Home | Site map     Profile Southern Africa grid map Key facts Electricity: from power station to customer Organisational structure Executive summary Vision, values and strategic objectives Group five-year review Chairman and Chief Executive Introduction Message from the chairman Board of directors Message from the chief executive Executive management committee Market and industry overview Business and sustainability performance review Introduction Sustainability Integrated risk management Performance in terms of the shareholder compact Financial review Contribution to society Securing continuity of supply Supply for the 2010 World Cup Executing the build programme Responding to climate change and limiting the impact on environment Restoring Eskom’s image and public confidence EDI restructuring Our People Safety performance Independent auditors report on sustainability Consolidated group financial statements Introduction Statement of responsibilities and approval Statement by company secretary Report of the audit committee Independent auditor’s report to the Minister of Public Enterprises Directors' report Consolidated financial statements Corporate governance and tables Introduction Corporate governance Tables Awards Glossary Abbreviations and acronyms GRI index Contact information Development Foundation Report Downloads Additional Information Information Sheets Keyword search         Consolidated group annual financial statements   CONSOLIDATED FINANCIAL STATEMENTS     Currency of financial statements | Balance sheets | Income statements     Cash flow statements | Statements of changes in equity | Notes to the consolidated financial statements         Balance sheets   at 31 March 2008               Group   Company   Note   2008  Rm    Restated1 2007  Rm    2008  Rm    Restated1 2007  Rm  Assets                   Non-current assets     120 114    105 614    121 815    106 581  Property, plant and equipment 6   96 418    76 962    95 792    76 211  Intangible assets 7   470    412    457    410  Investments in equity accounted investees 8   173    171    95    96  Investment in subsidiaries 9   –    –    2 341    2 358  Future fuel supplies 10   2 585    2 557    2 585    2 557  Deferred tax assets 11   6    4    –    –  Investment in securities 12   5 882    15 674    6 136    15 115  Embedded derivatives 12   10 447    6 882    10 447    6 882  Derivatives held for risk management 12   3 538    2 412    3 538    2 412  Finance lease receivables 12   415    536    415    536  Trade and other receivables 12   180    4    9    4  Current assets     47 647    33 873    45 857    31 809  Loans to subsidiaries 9.1   –    –    530    746  Deferred tax assets 11   2    1    –    –  Inventories 17   3 929    3 637    3 628    3 499  Finance lease receivables 12   10   17    10    15  Trade and other receivables 12   5 433   4 760    5 332    4 566  Taxation     50   –    50    –  Payments made in advance 19   4 256   597    4 197    524  Investment in securities 12   9 137   9 918    8 379    9 892  Financial trading assets 12   2 539   3 386    2 017    2 897  Cash and cash equivalents 12   10 893   9 542    10 322    7 656  Embedded derivatives 12   2 266   1 804    2 260    1 803  Derivatives held for risk management 12   9 132   211    9 132    211  Non-current assets held-for-sale 20   3 420    3 825    –    –  Total assets     171 181    143 312    167 672    138 390  Equity                   Capital and reserves attributable to equity holder of the company     64 532    58 192    62 330    55 581 Minority interest     206    165    –    –  Total equity     64 738    58 357    62 330    55 581  Liabilities                   Non-current liabilities     72 915    61 080    72 451    60 875  Debt securities issued 12   39 788    34 561    39 788    34 561  Borrowings 12   1 480    1 194    1 224    1 063  Embedded derivatives 12   5 077    908    5 077    908  Derivatives held for risk management 12   947    1 375    947    1 375  Deferred tax liabilities 11   8 479    7 149    8 322    7 081  Deferred income 21   4 913    3 863    4 913    3 863  Retirement benefit obligations 22   5 409    5 035    5 286    4 922  Provisions 23   5 607    6 029    5 540    6 026  Finance lease liabilities 12   539    546    678    656  Trade and other payables 12   676    420    676    420  Current liabilities     31 694    22 300    32 891    21 934  Amounts owing to subsidiaries 9.2   –    –    1 300    820  Trade and other payables 12   10 223    8 253    9 843    7 218  Payments received in advance 26   1 328    851    1 281    815  Finance lease liabilities 12   9    4    36    28  Taxation     55    515    –    437  Debt securities issued 12   2 491    583    2 491    583  Borrowings 12   6 920    3 992    7 465    4 164  Financial trading liabilities 12   4 087    3 701    4 087    3 701  Embedded derivatives 12   7    6    7    5  Derivatives held for risk management 12   1 475    587    1 475    587  Deferred tax liabilities 11   3 152    2 214    3 300   2 213 Deferred income 21   269    193    269    193  Retirement benefit obligations 22   161    144    161    144  Provisions 23   1 517    1 257    1 176    1 026  Non-current liabilities held-for-sale 20   1 834    1 575    –    –  Total liabilities     106 443    84 955    105 342    82 809  Total equity and liabilities     171 181    143 312    167 672    138 390    1 Refer to note 42.       Balance sheets       Back to top