HOME    COMMENTARY     FINANCIALS     DOWNLOADS      PRESENTATIONS    WEBCASTS  

Currently viewing: NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | Next: SEGMENTAL SUMMARY

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

		Six months ended		Year ended
		31 Mar	31 Mar	30 Sept
		2008	2007	2007
R million		Reviewed	Reviewed	Audited
6.	EXCEPTIONAL ITEMS
	Profit/(loss) on disposal of properties, investments and subsidiaries	3	2	6
	Realisation of translation reserve on disposal of foreign subsidiaries			197
	Impairment of goodwill	(33)	(70)	(169)
	Impairment of investments	(29)	(125)	(149)
	Impairment of property, plant and equipment			(45)
	Gross exceptional losses	(59)	(193)	(160)
	Taxation on exceptional items		70	79
	Net exceptional losses – continuing operations	(59)	(123)	(81)
	– discontinued operations (net of taxation and minorities)	332	(36)	(50)
	Net exceptional profits/(losses)	273	(159)	(131)
	The current year expense relates mainly to the impairment
	charge on goodwill carried relating to Avis Scandinavia and
	on investments in associates and joint ventures.

RETURN TO TOP