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Notes to the condensed consolidated financial statements Basis of preparation Reconciliation of net profit to headline earnings Operating profit Fair value adjustments on financial instruments Finance costs Exceptional items Taxation Interests of all shareholders Investments in associates and joint ventures Long-term financial assets Discontinued operations and classified as held for sale Acquisition of subsidiaries, investments and intangibles Net investment in rental assets and car hire vehicles Commitments Contingent liabilities Related party transactions Subsequent events Comparative information Auditor's review

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

11.	DISCONTINUED OPERATIONS AND ASSETS CLASSIFIED AS HELD FOR SALE The Coatings segment was unbundled on 10 December 2007 and the Scientific laboratory business was sold in November 2007. The discontinued operations’ trading results at March 2008 represent Coatings and Scientific, while the comparatives also include the Cement and Steel Tube segments. The profit or loss on disposal of discontinued operations represents the result of the Scientific and Steel Tube disposals current and prior year respectively.
		Six months ended		Year ended
		31 Mar	31 Mar	30 Sept
		2008	2007	2007
	R million	Reviewed	Reviewed	Audited
	Results from discontinued operations are as follows:
	Revenue	710	5 605	9 368
	Operating profit	92	1 282	2 013
	Fair value adjustments on financial instruments	(1)	(9)	5
	Finance costs	(15)	(69)	(104)
	Income from investments	4	55	77
	Profit before exceptional items	80	1 259	1 991
	Exceptional items		(38)	14
	Profit before taxation	80	1 221	2 005
	Taxation	(33)	(488)	(721)
	Profit after taxation	47	733	1 284
	Income from associates and joint ventures	5	10	21
	Net profit of discontinued operations before profit/(loss) on disposal	52	743	1 305
	Profit/(loss) on disposal of discontinued operations (including realisation of translation reserve)	373		(63)
	Taxation effect on disposal	(41)		3
	Net profit/(loss) on disposal of discontinued operations after taxation	332		(60)
	Profit from discontinued operations per income statement	384	743	1 245
	Segmental analysis of discontinued operations:
			Revenue
		6 months ended		Year ended
		31 Mar 08	31 Mar 07	30 Sep 07
	R million	Reviewed	Reviewed	Audited
	Scientific	193	934	1 700
	Cement		2 588	4 016
	Steel tube		348	348
	Coatings	517	1 735	3 304
	Total discontinued operations	710	5 605	9 368
		Six months ended		Year ended
		31 Mar	31 Mar	30 Sept
		2008	2007	2007
	R million	Reviewed	Reviewed	Audited
	The cash flows from the discontinued operations are as follows:
	Cash flows from operating activities	(440)	(530)	338
	Cash flows from investing activities	898	(444)	243
	Cash flows from financing activities	(492)	(260)	(800)
	The major classes of assets and liabilities comprising the disposal group and other assets
	classified as held for sale are as follows:
	Property, plant and equipment, intangibles and vehicle rental fleet	1 165	1 338	674
	Goodwill			260
	Inventories	114	1 122	231
	Trade and other current receivables		842	260
	Deferred tax assets		66	9
	Cash and cash equivalents
	Finance lease receivables	16		13
	Assets of disposal groups held for sale before impairment loss	1 295	3 372	1 447
	Impairment loss on write-down to fair value less costs to sell		(36)
	Assets classified as held for sale	1 295	3 336	1 447
	Interest-bearing liabilities		(31)	(36)
	Trade and other payables	(40)	(534)	(174)
	Total liabilities associated with assets classified as held for sale	(40)	(565)	(210)
	Net assets classified as held for sale	1 255	2 771	1 237

		Operating profit			Net operating assets
	6 months ended		Year ended	6 months ended		Year ended
	31 Mar 08	31 Mar 07	30 Sep 07	31 Mar 08	31 Mar 07	30 Sep 07
	Reviewed	Reviewed	Audited	Reviewed	Reviewed	Audited
	14	74	104		1 185	762
		987	1 527		2 933
		38	32		130
	78	183	350		1 151	817
	92	1 282	2 013	–	5 399	1 579

		Six months ended		Year ended
		31 Mar	31 Mar	30 Sept
		2008	2007	2007
	R million	Reviewed	Reviewed	Audited
	Per business segment: Continuing operations
	Equipment 1	450	28	30
	Automotive	290	172	271
	Handling 2	515	982	118
	Logistics
	Corporate and other		279	81
	Total continuing operations	1 255	1 461	505
	Discontinued operations
	Scientific		1 180	732
	Steel Tube		130
	Total group	1 255	2 771	1 237

1.	Net assets relating to the Lift Truck business in Iberia with a carrying value of R414 million are anticipated to be sold within the near future.
2.	Represents the anticipated sale of the Handling SA leasing book with a carrying value of R354 million and a portion of the offshore Leasing fleet with a carrying value of R161 million.

The remaining balance of assets held for sale represents rental assets that become available for sale on an ongoing basis as they are removed from rental fleets.

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