Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2009

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8.   INVESTMENTS – OTHER 
  (Annexure B)            
      2009       2008    
    Listed   Unlisted   Total   Listed   Unlisted   Total  
    R million   R million   R million   R million   R million   R million  
  Investments – other            
  Shares – available-for-sale 4 651   91   4 742   8 483   68   8 551  
  Market values of listed investments 4 651     4 651   8 483     8 483  
  Directors’ valuation of unlisted investments   91   91     68   68  
  Market values and directors’ valuation 4 651   91   4 742   8 483   68   8 551  
               
  Reconciliation of carrying value of investments available-for-sale at the     2009   2008  
  beginning and end of the year R million   R million  
  Balances at 1 April 8 551   6 245  
  Fair value adjustments for the year (4 205)  2 258  
  Investments made 431   48  
  Disposals (35)  –  
  Balances at 31 March 4 742   8 551