Balance Sheets
for the year ended 30 June 2006

Group   Company             Restated       Restated         2006   2005   2006   2005     Notes   R’000   R’000   R’000   R’000   ASSETS                     Property, plant and equipment 9   315 724   306 085   –   –   Goodwill and intangible assets 10   653 326   441 633   –   –   Investments in subsidiaries 11.1           673 549   570 755   Investments in associated companies 12   5 732   10 940   –   –   Other investments and loans 13   6 629   14 603   81 359   91 208   Deferred tax asset 14   116 944   124 025   14 099   13 657   Non-current assets     1 098 355   897 286   769 007   675 620   Inventories 15   59 307   51 767   –   –   Trade and other receivables 16   443 967   405 789   267   353   Bank balances and cash 17   60 740   4 368   –   –   Assets classified as held for sale 18   15 071   –   –   –   Current assets     579 085   461 924   267   353   TOTAL ASSETS     1 677 440   1 359 210   769 274   675 973   EQUITY AND LIABILITIES                     Share capital and premium 19   214 953   274 717   262 534   292 119   Non-distributable reserves 20   207 030   256 784   294 397   230 573   Share based payment reserve     119 767   8 034   119 971   8 034   Accumulated profit/(loss)     33 454   (128 093)   (107 231)   1 175   Interest of shareholders of Primedia Limited     575 204   411 442   569 671   531 901   Minority interest     9 637   30 780           Total equity     584 841   442 222   569 671   531 901   Interest-bearing borrowings 21   94 978   192 745   –   –   Amounts owed to vendors     3 783   –   2 039   –   Landlord inducement premium 22   14 702   21 384   –   –   Minority shareholder loans 23   25 498   27 147   –   –   Long-term provisions 24   20 099   22 699   3 633   –   Loan from jointly controlled entity 11.2           24 617   22 693   Deferred tax liability 14   77 689   65 580   –   –   Non-current liabilities     236 749   329 555   30 289   22 693   Trade and other payables 25   474 092   362 951   15 877   17 313   Current tax liabilities     55 133   41 951   –   516   Current portion of long-term provisions 24   83 122   70 306   –   –   Bank overdrafts and short-term borrowings 26   233 624   112 225   153 437   103 550   Liabilities associated with assets classified as held for sale 18   9 879   –   –   –   Current liabilities     855 850   587 433   169 314   121 379   TOTAL EQUITY AND LIABILITIES     1 677 440   1 359 210   769 274   675 973   back to top