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Notes to the company financial statements

for the year ended 30 June 2008
 
 
Spacer
 
 
2008  
 
2007  
     
R’000  
 
R’000  

1.

INVESTMENT IN GROUP COMPANIES

 
 
 
 
  Joint venture entity (refer note below)  
468 153  
 
468 153  
  Subsidiary companies (refer note below)  
27 440  
 
27 440  
     
495 593  
 
495 593  
     
 
 
 
  Investment in joint venture entity  
 
 
 
  Assmang Limited  
 
 
 
  1 774 103 (2007:1 774 103) ordinary shares at cost  
468 153  
 
468 153  
     
 
 
 
  Investment in subsidiary companies (refer to note 1 )  
 
 
 
  Shares at cost (refer note 12)  
27 440  
 
27 440  
     
 
 
 
  Amounts due (to)/by subsidiary companies (refer note 12)  
 
 
 
  Loan accounts receivable  
145 073  
 
67 641  
  Current accounts receivable  
65  
 
34 830  
  Loan accounts payable  
(262 080) 
 
(262 080) 
     
(116 942) 
 
(159 609) 
           
  The loans due to and from subsidiary companies are interest free and have no fixed repayment dates.
   
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