Annual Financial Statements 30 June 2001

ANNUAL REPORT 2001 Financial Review Ratios and Statistics Responsibility for Annual Financial Statements Report of the Independent Auditors Report of the Directors Consolidated Balance Sheet Consolidated Income Statement Consolidated Cash Flow Statement Notes to the Consolidated Cash Flow Statement Group Statement of Changes in Equity Accounting Policies Statement of Value Created Notes to the Consolidated Financial Statements Murray & Roberts Holdings Limited Financial Statements Notes to the Murray & Roberts Holdings Limited Financial Statements Annexure 1 – Major Operating Subsidiaries and Associate Companies Annexure 2 – Long and Short-term Loans Annexure 3 – Group Segmental and Geographic Report Picture Gallery Home

Consolidated    Balance Sheet   at 30 June 2001

Expressed in Millions of Rand

	Notes		2001	2000
ASSETS
Non-current assets
Property, plant and equipment	1 & 9		1 226,7	1 307,0
Goodwill	2		16,0	–
Investment in associate company	3		391,2	382,8
Other investments	4		143,4	171,7
Total non-current assets			1 777,3	1 861,5
Current assets
Inventories	5		601,7	772,4
Contracts in progress and contract receivables	6		851,6	731,1
Accounts receivable	7		1 152,5	1 308,0
Cash			1 291,8	984,2
Total current assets			3 897,6	3 795,7
TOTAL ASSETS			5 674,9	5 657,2
EQUITY AND LIABILITIES
Capital and reserves
Ordinary share capital and premium	8		1 526,2	1 843,8
Non-distributable reserves			203,4	147,0
Retained earnings/(accumulated loss)			252,2	(273,6)
Total ordinary shareholders’ equity			1 981,8	1 717,2
Minority interest			8,6	7,7
Permanent capital			1 990,4	1 724,9
Non-current liabilities
Long-term loans	9 & 11		327,2	401,9
Long-term provision	10		315,6	366,5
Deferred taxation	12		57,2	50,5
Total non-current liabilities			700,0	818,9
Current liabilities
Accounts payable	13		2 428,4	2 502,9
Sub-contractors	14		443,1	426,6
Taxation			10,4	8,3
Overdrafts and short-term loans	9 & 15		102,6	175,6
Total current liabilities			2 984,5	3 113,4
TOTAL EQUITY AND LIABILITIES			5 674,9	5 657,2