Annexure C

SIGNIFICANT ASSOCIATED COMPANIES - ADDITIONAL INFORMATIONS

         
  RMB Holdings   FirstRand   Medi-Clinic   R&R  
  (Financial   (Financial   (Industrial   (Tobacco  
  services)  services)  interests)  interests) 
  2008   2008   2008   2008  
Effective interest 25.00%   9.30%   45.90%   33⅓%  
  R million   R million   R million   R million  
Carrying value of investments 5 493   5 085   4 091   19 229  
Share of retained equity income        
– Current year 715   676   1 150   1 866  
      Normal income 1 030   1 090   286   3 579  
      Dividends (433)  (611)  (97)  (1 893) 
      Non-recurring and capital items and impairments 38   67   –   (55) 
      Other changes in reserves and exchange rates 80   130   961   235  
– Cumulative 2 168   2 330   2 028   16 216  
         
Summarised financial information: Per   Per   Per   Per  
  Interim Report    Interim Report    Annual Report    Annual Report  
  31/12/2007   31/12/2007   31/03/2008   31/03/2008  
        Note 1  
BALANCE SHEET        
Assets        
Net advances, loans and bank-related securities 1 612   40 654   –   –  
Intangible assets 22   4 409   6 079   129 915  
Property, plant and equipment and other 110   3 788   30 972   38 117  
Investments and loans 17 850   22 812   34   46 147  
Net current assets/(liabilities)  –   (14 352)  (3 812)  13 016  
  19 594   57 311   33 273   227 195  
         
Equity and liabilities        
Shareholders’ funds and long-term debt 19 594   57 311   33 273   227 195  
         
  12 months   12 months   12 months   12 months  
  ended   ended   ended   ended  
  31/12/2007   31/12/2007   31/03/2008   31/03/2008  
        Note 2  
INCOME STATEMENT        
Headline earnings 4 332   11 695   607   9 874  
Net profit for the year 4 491   12 429   609   9 719  
Dividends paid 1 681   4 266   189   5 165  
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 2007 as BAT has not included a balance sheet in its quarterly report to 31 March 2008.
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 78% of the total carrying value of associated companies.

 

  RMB Holdings   FirstRand   Medi-Clinic   R&R  
  (Financial   (Financial   (Industrial   (Tobacco  
  services)  services)  interests)  interests) 
  2007   2007   2007   2007  
Effective interest   23.70%   9.30%   47.60%   33⅓%  
  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) 
      Non-recurring and capital items and impairments 86   101   –   (190) 
      Other changes in reserves and exchange rates (53)  (8)  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.