Notes to the consolidated financial statements

On 20 April 2011, the Group has entered into a conditional contract to dispose of Vietnam Sugar to TH Milk Food Joint Stock Company. The Group is committed to the disposal of its other remaining businesses within the legacy Sugars division, principally Tate & Lyle Gadot Manufacturing and Tate & Lyle Israel Limited. These businesses have been disclosed as discontinued operations (Note 12) and the assets and liabilities as at 31 March 2011 are shown in the table below.

Assets and liabilities as at 31 March 2011 are shown as held for sale as follows:

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31 March

 

2011
£m

2010
£m

Assets

 

 

Intangible assets

2

Property, plant and equipment

22

Inventories

17

Trade and other receivables

9

Available-for-sale financial assets

17

18

Total assets held for sale

67

18

 

 

 

Liabilities

 

 

Trade and other payables

(5)

Total liabilities held for sale

(5)