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Notes to the company financial statements for the year ended 30 June 2009

Notes 1. INVESTMENT IN GROUP COMPANIES 2. AVAILABLE-FOR-SALE INVESTMENTS 3. SHARE CAPITAL /option> 4. SHARE PREMIUM 5. OTHER RESERVES 6. DEFERRED TAXATION 7. SHORT-TERM BORROWINGS 8. REVENUE 9. PROFIT BEFORE TAXATION 10. TAXATION 11. DIVIDENDS 12. NOTES TO THE CASH FLOW STATEMENTS 13. INTEREST OF COMPANY IN ITS SUBSIDIARY COMPANIES 14. FINANCIAL RISK MANAGEMENT 15. CAPITAL MANAGEMENT 16. CONTINGENT LIABILITIES

2009     2008           R’000     R’000   2.   AVAILABLE-FOR-SALE INVESTMENTS               Listed – at market value                 Balance at beginning of year      590 066      235 994       Purchases at cost      117 813      149 084       Disposals at cost      (3 584)    (4 681)     Net (decrease)/increase in fair value      (270 143)    232 019       Profit recognised in income statement      (19 086)    (22 350)     Balance at end of year (below)    415 066      590 066       Unlisted – at cost and directors’ valuation      125      125            415 191      590 191       Listed – at cost      295 665      181 436       Fair value adjustment transferred to other reserves (refer to note 5)    119 401      408 630       As above      415 066      590 066