Annexure C

SIGNIFICANT ASSOCIATED COMPANIES - ADDITIONAL INFORMATIONS

             
         Unilever  
  RMB Holdings    FirstRand   Medi-Clinic   South Africa  
  (Financial   (Financial   (Industrial   (Industrial  
  services)  services)  interests)  interests) 
  2009   2009   2009   2009  
Effective interest 25.0%    9.2%   45.9%    25.8%  
 
  R million   R million    R million   R million   
Carrying value of investments 6 027   5 728   3 533   2 950  
         
Share of retained equity income        
– Current year 533   642   (558)  114  
   Normal income 761   816   294   229  
   Dividends (382)  (348)  (163)  (116) 
   Non-recurring and capital items and impairments 55   51   –   1  
   Other changes in reserves and exchange rates 99   123   (689)  –  
– Cumulative 2 701   2 972   1 470   240  
         
Summarised financial information: Per   Per   Per   Per  
  Interim Report   Interim Report   Annual Report   Quarterly Report  
  31/12/2008   31/12/2008   31/03/2009   31/03/2009  
Balance sheet       Note 1  
Assets        
Net advances, loans and bank-related securities 1 071   40 071   –   –  
Intangible assets 26   5 284   6 293   10 423  
Property, plant and equipment and other 116   8 805   32 479   1 875  
Investments and loans 20 202   25 656   32   23  
Net current assets/(liabilities) –   (12 472)  (5 469)  (182) 
  21 415   67 344   33 335   12 139  
Equity and liabilities 21 415   53 181   7 989   11 643  
Shareholders’ funds –   14 163   25 346   496  
Long-term debt 21 415   67 344   33 335   12 139  
         
  12 months   12 months   12 months   12 months  
  ended   ended   ended   ended  
  31/12/2008   31/12/2008   31/03/2009   31/03/2009  
Income statement        
Headline earnings 3 043   8 779   627   898  
Net profit for the year 3 262   9 338   639   894  
Dividends paid 1 712   4 289   339   450  

There are no loans to these associated companies.
Note 1:    This balance sheet is at 31 December 2008 as Uniliver South Africa has not included a balance sheet in its quarterly report to
31 March 2009.
Note 2:    The investments above represent 75% of the total carrying value of associated companies.
         
  RMB Holdings   FirstRand   Medi-Clinic   R&R  
  (Financial   (Financial   (Industrial   (Tabak-  
  services)  services)  interests)  interests) 
  2008   2008   2008   2008  
Effective interest 25.0%   9.3%   45.9%   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   Interim Report   Interim 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  19 594   46 062   9 687   113 774  
Shareholders’ funds –   11 249   23 586   113 421  
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  
Income statement       Note 2  
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.