Notes to the annual financial statements

8.	INVESTMENTS – OTHER
	(Annexure B)
		Listed R million	2010 Unlisted R million	Total R million	Listed R million	2010 Unlisted R million	Total R million
	Investments – other
	Shares	6 357	287	6 644	4 651	91	4 742

	Market values of listed investments	6 357		6 357	4 651		4 651
	Directors’ valuation of unlisted investments		287	287		91	91
	Market values and directors’ valuation	6 357	287	6 644	4 651	91	4 742

Reconciliation of carrying value of investments – other at the beginning and end of the year	2010 R million	2009 R million
Balances at 1 April	4 742	8 551
Fair value adjustments for the year	1 425	(4 205)
Investments made	300	431
Businesses acquired	476	–
Exchange rate adjustments	(5)	–
Impairments	(31)	–
Transfer to investments – associated companies	(258)	–
Disposals	(5)	(35)
Balances at 31 March	6 644	4 742

| | | |

8.