| |
Total dis- |
Total |
|
|
Commer- |
|
|
|
Leasing |
Leasing |
|
|
| |
continued |
discontinued |
|
|
cial |
Commercial |
|
|
and capital |
and capital |
Autoparts |
Autoparts |
| |
operations |
operations |
Tourvest |
Tourvest |
vehicles |
vehicles |
Aviation |
Aviation |
equipment |
equipment |
(UK) |
(UK) |
| |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
| |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
Rm |
| The results of the discontinued businesses for the year: |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
2 064 |
12 456 |
466 |
2 026 |
1 005 |
2 017 |
593 |
1 284 |
|
6 193 |
|
936 |
| Operating profit |
133 |
1 172 |
10 |
288 |
66 |
(39) |
57 |
(27) |
|
940 |
|
10 |
| Impairment loss on share scheme loans |
|
(84) |
|
|
|
(3) |
|
(40) |
|
(41) |
|
|
| Profit before net financing cost |
133 |
1 088 |
10 |
288 |
66 |
(42) |
57 |
(67) |
|
899 |
|
10 |
| Net finance cost |
(99) |
(660) |
(7) |
(36) |
(28) |
(97) |
(64) |
(128) |
|
(405) |
|
6 |
| (Loss) income from associates and joint ventures |
(20) |
56 |
|
|
|
4 |
(20) |
52 |
|
|
|
|
| Profit before tax |
14 |
484 |
3 |
252 |
38 |
(135) |
(27) |
(143) |
|
494 |
|
16 |
| Income tax (reversal) expense |
(10) |
135 |
|
86 |
10 |
(29) |
(20) |
(72) |
|
145 |
|
5 |
| Trading profit after tax |
24 |
349 |
3 |
166 |
28 |
(106) |
(7) |
(71) |
|
349 |
|
11 |
| Fair value profit (loss) on discontinuation |
484 |
(2 269) |
529 |
2 |
|
(701) |
(45) |
(1 276) |
|
|
|
(294) |
| – Gross amount |
571 |
(2 605) |
575 |
2 |
|
(972) |
(4) |
(1 341) |
|
|
|
(294) |
| – Taxation |
(87) |
336 |
(46) |
|
|
271 |
(41) |
65 |
|
|
|
|
| Net profit (loss) for the year |
508 |
(1 920) |
532 |
168 |
28 |
(807) |
(52) |
(1 347) |
|
349 |
|
(283) |
| Minority interest |
(1) |
(195) |
(1) |
(76) |
|
|
|
|
|
(119) |
|
|
| Attributable to shareholders of Imperial Holdings Limited |
507 |
(2 115) |
531 |
92 |
28 |
(807) |
(52) |
(1 347) |
|
230 |
|
(283) |
The major classes of assets and liabilities of the discontinued operations classified as held for sale at 30 June 2009 are as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Intangible assets |
|
460 |
|
460 |
|
|
|
|
|
|
|
|
| Investments in associates and joint ventures |
10 |
284 |
|
|
10 |
10 |
|
274 |
|
|
|
|
| Property, plant and equipment |
21 |
402 |
|
275 |
14 |
80 |
7 |
47 |
|
|
|
|
| Leasing assets |
258 |
755 |
|
|
|
|
258 |
755 |
|
|
|
|
| Inventories |
165 |
1 146 |
|
243 |
155 |
809 |
10 |
94 |
|
|
|
|
| Trade and other receivables |
312 |
1 067 |
|
433 |
68 |
451 |
244 |
183 |
|
|
|
|
| Operating assets |
766 |
4 114 |
|
1 411 |
247 |
1 350 |
519 |
1 353 |
|
|
|
|
| Deferred tax asset |
16 |
6 |
|
|
|
|
|
|
|
|
|
|
| Other non-current financial assets |
160 |
31 |
|
|
|
|
|
|
|
|
|
|
| Cash resources |
8 |
289 |
|
|
|
|
|
|
|
|
|
|
| Assets classified as held for sale |
950 |
4 440 |
|
|
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| Deferred tax liability |
59 |
|
|
|
|
|
59 |
|
|
|
|
|
| Interest-bearing borrowings |
15 |
329 |
|
288 |
|
33 |
15 |
8 |
|
|
|
|
| Provisions for liabilities and other charges |
223 |
500 |
|
22 |
116 |
466 |
107 |
12 |
|
|
|
|
| Payables |
162 |
1 528 |
|
576 |
93 |
432 |
69 |
520 |
|
|
|
|
| Liabilities directly associated with assets classified as held for sale |
459 |
2 357 |
|
886 |
209 |
931 |
250 |
540 |
|
|
|
|
| Net assets directly associated with discontinued operations |
491 |
2 083 |
|
|
|
|
|
|
|
|
|
|
| Minority interest |
|
246 |
|
|
|
|
|
|
|
|
|
|
| Attributable to shareholders of Imperial Holdings Limited |
491 |
1 837 |
|
|
|
|
|
|
|
|
|
|