Blue Label Telecoms - Reviewed interim results for the half year ended 30 November 2008

Summarised Group Balance Sheet

as at 30 November 2008

	30 November	31 May
	2008	2008
	Actual	Actual
	Reviewed	Audited
	R’000	R’000
ASSETS
Non-current assets	773 425	712 759
Property, plant and equipment	96 102	69 484
Intangible assets	474 807	489 786
Investment in associates and joint ventures	142 705	81 356
Financial assets at amortised cost	59 811	72 133
Current assets	2 858 880	2 509 420
Financial assest at fair value through profit and loss	305	5 672
Inventories	388 259	484 501
Loans receivable	21 621	7 103
Financial assets at amortised cost	61 085	53 163
Trade and other receivables	711 361	630 687
Cash and cash equivalents	1 676 249	1 328 294

Total assets	3 632 305	3 222 179
EQUITY AND LIABILITIES
Capital and reserves	2 103 865	1 917 944
Share capital, share premium and treasury shares	4 380 606	4 404 737
Restructuring reserve	(1 843 912)	(1 843 912)
Foreign currency translation reserve	4 405	2 552
Transaction with minority reserve	(898 564)	(898 564)
Retained earnings	442 916	244 758
	2 085 451	1 909 571
Minorities’ interest	18 414	8 373
Non-current liabilities	67 651	58 056
Deferred taxation	51 887	55 111
Interest-bearing borrowings	15 764	2 945
Current liabilities	1 460 789	1 246 179
Trade and other payables	1 363 311	1 152 969
Non-interest-bearing borrowings	20 389	9 041
Current tax liabilities	74 883	71 146
Current portion of interest-bearing borrowings	2 206	13 023

Total equity and liabilities	3 632 305	3 222 179