At 30 June   2009   Reviewed   Rm	At 30 June   2008   Reviewed   Rm	At 31 Dec   2008   Audited   Rm
ASSETS
Non-current assets
Property, plant and equipment	12 727	8 655	11 309
Biological assets	35	30	34
Intangible assets	90	95	79
Investments in unlisted associates and joint ventures (note 5)	1 544	1 231	1 849
Deferred tax	1 106	818	1 083
Other financial assets (note 5)	1 457	1 115	1 577
	16 959	11 944	15 931
Current assets
Inventories	2 915	1 656	2 481
Trade and other receivables	2 799	2 088	2 924
Current tax receivable	40		2
Cash and cash equivalents	2 713	1 664	1 769
	8 467	5 408	7 176
Non-current assets classified as held for sale	85	2	78
Total assets	25 511	17 354	23 185
EQUITY AND LIABILITIES
Capital and reserves
Equity attributable to owners of the parent	13 575	11 478	12 996
Non-controlling interests	69	27	128
Total equity	13 644	11 505	13 124
Non-current liabilities
Interest-bearing borrowings	4 918	1 283	3 650
Non-current provisions	1 842	1 442	1 746
Financial liabilities	33		31
Deferred tax	1 437	1 204	1 257
	8 230	3 929	6 684
Current liabilities
Trade and other payables	3 244	1 592	2 366
Interest-bearing borrowings	250	141	500
Current tax payable	76	164	440
Current provisions	20	23	21
	3 590	1 920	3 327
Non-current liabilities classified as held for sale	47		50
Total equity and liabilities	25 511	17 354	23 185
Net debt/(cash) (note 6)	2 455	(240)	2 381
Net asset value per share (cents)	3 814	3 242	3 661
Capital expenditure
– incurred	686	465	1 617
– contracted	393	418	433
– authorised but not contracted	1 933	1 036	2 711
– share of associates’ and joint ventures’ contracted capital commitments    not included above	584	297	456
Capital expenditure contracted relating to captive mines Tshikondeni, Arnot and Matla, which will be financed by ArcelorMittal SA Limited and Eskom respectively	568	477	70
Commitment relating to the acquisition of Namakwa Sands and  a 26% interest in Black Mountain Mining (Pty) Limited from Anglo Operations Limited, subject to price adjustments		2 353
Contingent liabilities (note 7)	633	496	587
Contingent assets (note 8)	293	216	192
Operating lease commitments	97	90	77