NOTES TO THE ANNUAL FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2007

       
« Note 14 Note 16 »
       
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 
   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  – 
  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