|
|
|
|
|
|
2006 |
2005 |
| |
|
US$m |
US$m |
|
|
|
|
| 17 |
OTHER CURRENT INVESTMENTS |
|
|
|
Investment at fair value |
|
|
| |
Listed* |
16,0 |
– |
|
|
|
|
| |
* |
The fair value was based on the listed market value.
US$15,4 million of this investment is matched with a corresponding liability which is included in current liabilities disclosed in note 29. |
|
|
|
|
|
|
| 18. |
LOANS AND ADVANCES |
|
|
|
Current loans and advances |
39,5 |
28,5 |
|
Less: Provision for impairment |
(1,6) |
(2,8) |
| |
Total loans and advances |
37,9 |
25,7 |
|
|
|
|
| 18.1 |
Maturity structure** |
|
|
|
One year or less |
38,0 |
|
|
Between one and five years |
1,5 |
|
|
More than five years |
– |
|
| |
|
39,5 |
|
|
|
|
|
| 18.2 |
Geographical analysis** |
|
|
|
South Africa |
11,4 |
|
|
Other African countries |
28,1 |
|
| |
|
39,5 |
|
|
|
|
|
|
** |
Prior year information not available. |
|
|
|
|
|
|
| 18.3 |
Movement in provision for impairment |
|
|
|
Balance at beginning of year |
2,8 |
1,8 |
|
Acquisition of subsidiary |
– |
0,2 |
|
Current year charge net of recoveries |
0,6 |
0,8 |
|
Recoveries of loans previously written off |
(1,0) |
– |
|
Loans and advances written off |
(1,2) |
– |
|
Translation differences |
0,4 |
– |
| |
Balance at end of year |
1,6 |
2,8 |
|
|
|
|
| 19. |
ACCOUNTS RECEIVABLE |
|
|
|
Other receivables |
3,0 |
5,7 |
|
Clients and other receivables (fully pledged as security – refer note 26) |
3,6 |
5,8 |
|
Impairment against receivables |
(0,6) |
(0,1) |
|
Fair value of currency hedge |
3,6 |
2,3 |
|
Prepayments and accrued income |
0,1 |
0,4 |
|
Other |
0,2 |
1,5 |
| |
Total accounts receivable |
6,9 |
9,9 |
|
|
|
|
| 20. |
CASH AND CASH EQUIVALENTS |
|
|
|
Balances with banks |
36,8 |
17,8 |
|
Bank overdraft |
(9,3) |
– |
|
Balances invested on short-term notice in Brait Absolute Fund |
56,4 |
– |
| |
Total cash and cash equivalents |
83,9 |
17,8 |
|
|
|
|
| 21. |
NON-CURRENT ASSETS HELD FOR SALE |
|
|
|
Land and buildings |
– |
6,7 |
|
Furniture and fittings |
– |
1,4 |
|
Translation differences |
– |
0,1 |
| |
|
– |
8,2 |
|
|
|
|
| |
During
the current financial year, the property was unconditionally
sold.The gain on the disposal of the property was recognised
as part of capital items (refer note
5) on the income statement. |
|
|
|
|
|
