Condensed Consolidated Balance Sheet

	As at	As at
	31 August	31 August
	2004	2003
	(reviewed)	(audited)
	R'000	R'000
Assets
Non-current assets	859 687	1 452 501
Property, plant and equipment	659 347	747 263
Trademarks	3 930	4 580
Goodwill	98 280	235 288
Deferred taxation assets	71 676	81 363
Loans	26 454	384 007
Current assets	2 273 947	2 001 329
Inventories	1 411 339	1 401 061
Accounts receivable	443 762	417 305
Taxation prepaid	8 442	3 754
Cash on hand	410 404	179 209
Total assets	3 133 634	3 453 830
Equity and liabilities
Capital and reserves
Ordinary shareholders' interest	1 372 697	1 608 510
Non-current liabilities
Loans payable	259 730	343 273
Deferred taxation liabilities	18 770	15 252
Current liabilities	1 482 437	1 486 795
Short-term borrowings	8 710	33 005
Accounts payable	1 390 084	1 373 743
Loans payable	80 819	69 259
Taxation payable	2 824	10 788
Total equity and liabilities	3 133 634	3 453 830