Notes to the annual financial statements

FOR THE YEAR ENDED 31 MARCH 2009

« Note 18 Note 20 »
       
19. long-term loans
    2009   2008  
    R million   R million  
  Interest-bearing loans    
  Secured long-term loans with effective interest rates of between 9.37% and 13%    
     (2008: 9.37% and 15%) per annum repayable over a period of between four to ten years 204   202  
     These liabilities are secured by assets with a book value of R56 million    
     (2008: R48 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 4   3  
     These liabilities are secured by plant, machinery and equipment
     with a book value of R4 million (2008: R3 million).
  Various unsecured loans with varying terms and interest rates 3   3  
    211   208  
  Instalments payable within one year transferred to short-term interest-bearing loans (20)  (19) 
    191   189  
  Payable – two to five years 191   180  
  Payable thereafter –   9  
    191   189