|
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| 15. | LONG TERM LOANS | ||||
| 2007 | 2006 | ||||
| R million | R million | ||||
| Interest-bearing loans | |||||
| Secured long-term loans with effective interest rates of between 9.5% and 11% | |||||
| (2006: 6.0% and 10.0%) per annum repayable over a period of between five to ten years | 197 | 195 | |||
| These liabilities are secured by assets with a book value of R68 million | |||||
| (2006: R46 million). | |||||
| Net liabilities resulting from various capitalised finance leases and instalment | |||||
| sale agreements payable in monthly, quarterly and annual instalments at varying | |||||
| interest rates per annum amount to | 1 | 2 | |||
| These liabilities are secured by vehicles and equipment with a book value | |||||
| of R1 million (2006: R2 million). | |||||
| Various unsecured loans with varying terms and interest rates | | 1 | |||
| 198 | 198 | ||||
| Instalments payable within one year transferred to short-term interest-bearing loans | (37) | (29) | |||
| 161 | 169 | ||||
| Payable two to five years | 161 | 169 | |||
| Payable thereafter | | | |||
| 161 | 169 | ||||