ANNEXURE C

SIGNIFICANT ASSOCIATED COMPANIES - ADDITIONAL INFORMATION

  RMB Holdings  FirstRand  Medi-Clinic  R&R 
  (Financial   (Financial   (Industrial   (Tabacco-  
  services)  services)  interests)  interests)
  2007  2007  2007  2007 





Effective interest 23.7%  9.3%  47.6%  33 % 





  R million  R million  R million  R million 
         
Carrying value of investments 4 054  4 539  987  17 047 
         
Share of retained equity income        
– Current year 403  552  197  4 015 
         
   Normal income 715  813  280  2 964 
   Dividends (345)  (354)  (91)  (1 405) 
   Impairments, capital and non-recurring items 86  101  –  (190) 
   Other changes in reserves and exchange rates (53)  (8)  2 646 
         
– Cumulative 1 453  1 654  878  14 350 





         
Summarised financial information: Per  Per  Per  Per 
  Interim report   Interim report   Annual report   Annual report  
  31/12/2006  31/12/2006  31/03/2007  31/03/2007 





         
        Note 1 
BALANCE SHEET        
Assets        
Net advances, loans and bank-related securities 1 257  50 804  –  – 
Intangible assets 10  4 261  419  107 242 
Property, plant and equipment and other 100  941  3 124  31 659 
Investments and loans 13 703  17 894  46  38 760 
Net current assets/(liabilities) –  (21 875)  356  13 456 





  15 070  52 025  3 945  191 117 





         
Equity and liabilities        
Shareholders’ funds and long-term debt 15 070  52 025  3 945  191 117 





         
  12 months  12 months  12 months  12 months 
  ended  ended  ended  ended 
  31/12/2006  31/12/2006  31/03/2007  31/03/2007 





         
        Note 2 
INCOME STATEMENT        
Headline earnings 3 155  9 048  581  8 190 
Net profit for the year 3 524  10 126  582  7 653 
Dividends paid 1 347  3 267  178  3 964 





         
There are no loans to these associated companies.        
         
Note 1: In the audited balance sheet of R&R, its interest in British American Tobacco Plc (BAT) is only shown as a single item representing the carrying value thereof as an equity accounted associated company. So as to disclose more meaningful information, BAT’s abridged balance sheet is presented above instead. This balance sheet is at 31 December 2006 as BAT has not included a balance sheet in its quarterly report to 31 March 2007.
Note 2: Headline earnings and net profit for the year relate to the income statement of R&R which includes its share of the net profit of BAT.
Note 3: The investments above represent 81% of the total carrying value of associated companies. . 
   
         
  RMB Holdings  FirstRand  Medi-Clinic  R&R 
  (Financial   (Financial   (Industrial   (Tabacco-  
  services)  services)  interests)  interests)
  2006  2006  2006  2006 





Effective interest 23.1%  9.4%  48.0%  33 % 





  R miljoen  R miljoen  R miljoen  R miljoen 
         
Carrying value of investments 3 453  3 987  788  12 336 
         
Share of retained equity income        
– Current year 197  (14)  (612)*  (642) 
         
   Normal income 616  695  159  2 369 
   Dividends (281)  (291)  (750)  (1 472) 
   Impairments, capital and non-recurring items 68  (95)  19  (170) 
   Other changes in reserves and exchange rates (206)  (323)  (40)  (1 369) 
         
– Cumulative 1 050  1 102  681  10 335 





* Although Medi-Clinic was equity accounted for only three months from 1 January 2006, this amount represents Remgro’s share of Medi-Clinic’s movement in reserves for the whole year.
         
Summarised financial information: Per  Per  Per  Per 
  Interim Report  Interim Report  Annual Report  Annual Report 
  31/12/2005  31/12/2005  31/03/2006  31/03/2006 





         
        Nota 1 
BALANCE SHEET        
Assets        
Net advances, loans and bank-related securities 1 415  37 224  –  – 
Intangible assets 2 878  3 018  48  85 011 
Property, plant and equipment and other 103  4 828  2 327  30 324 
Investments and loans 8 671  18 049  119  24 555 
Net current assets/(liabilities) –  (23 207)  387  724 





  13 067  39 912  2 881  140 614 





         
Equity and liabilities        
Shareholders’ funds and long-term debt 13 067  39 912  2 881  140 614 





         
  12 months  12 months  12 months  12 months 
  ended  ended  ended  ended 
  31/12/2005  31/12/2005  31/03/2006  31/03/2006 





         
        Nota 2 
INCOME STATEMENT        
Headline earnings 2 135  5 554  300  6 698 
Net profit for the year 2 964  6 266  338  6 219 
Dividends paid 1 117  2 980  1 448  4 227 





         
There are no loans to these associated companies.        
         
Note 1: In the audited balance sheet of R&R, its interest in British American Tobacco Plc (BAT) is only shown as a single item representing the carrying value thereof as an equity accounted associated company. So as to disclose more meaningful information, BAT’s abridged balance sheet is presented above instead. This balance sheet is at 31 December 2005 as BAT has not included a balance sheet in its quarterly report to 31 March 2006.
Note 2: Headline earnings and net profit for the year relate to the income statement of R&R which includes its share of the net profit of BAT.
Note 3: The investments above represent 79% of the total carrying value of associated companies.