Notes to the company financial statements |
| for the year ended 30 June 2008 |
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 |
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2008 |
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2007 |
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|
R’000 |
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R’000 |
1. |
INVESTMENT IN GROUP COMPANIES |
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|
|
|
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Joint venture entity (refer note below) |
|
468 153 |
|
468 153 |
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Subsidiary companies (refer note below) |
|
27 440 |
|
27 440 |
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|
|
495 593 |
|
495 593 |
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|
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Investment in joint venture entity |
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Assmang Limited |
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1 774 103 (2007:1 774 103) ordinary shares at cost |
|
468 153 |
|
468 153 |
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|
|
|
|
|
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Investment in subsidiary companies (refer to note 1 ) |
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|
|
|
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Shares at cost (refer note 12) |
|
27 440 |
|
27 440 |
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|
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Amounts due (to)/by subsidiary companies (refer note 12) |
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Loan accounts receivable |
|
145 073 |
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67 641 |
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Current accounts receivable |
|
65 |
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34 830 |
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Loan accounts payable |
|
(262 080) |
|
(262 080) |
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(116 942) |
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(159 609) |
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The loans due to and from subsidiary companies are interest free and have no fixed repayment dates. |
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