2. Investments in subsidiaries
for the year ended 31 December
| |
|
|
|
|
|
|
|
|
|
2008 |
| |
|
|
|
|
|
|
|
|
|
|
|
Loans to/ |
|
| |
|
Country of |
|
Nature of |
|
Percentage |
|
Nominal |
|
investment |
|
(from) |
|
| |
Rand |
incorporation1 |
|
business2 |
|
holding |
|
issued capital |
|
at cost |
|
subsidiaries |
|
| |
Direct investments |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Kumba Holdings West Africa BV |
NE |
|
E |
|
100% |
|
173,035 |
|
173,035 |
|
116,897,935 |
|
| |
Sishen Iron Ore Company (Pty) Limited |
RSA |
|
A |
|
74% |
|
100 |
|
3,008,810 |
|
205,674,201 |
|
| |
Indirect investments |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Groler Investments Limited |
SWL |
|
E |
|
100% |
|
258,958 |
|
- |
|
- |
|
| |
Kumba Hong Kong Limited |
HK |
|
B |
|
100% |
|
832 |
|
- |
|
- |
|
| |
Kumba Hong Kong Shipping Limited |
HK |
|
C |
|
100% |
|
816 |
|
- |
|
- |
|
| |
Kumba International BV |
NE |
|
B |
|
100% |
|
10,806,511 |
|
- |
|
- |
|
| |
Kumba International Trading BV |
NE |
|
B |
|
100% |
|
142,487 |
|
- |
|
- |
|
| |
Kumba Investment West Africa BV |
NE |
|
E |
|
100% |
|
173,034 |
|
- |
|
- |
|
| |
Kumba Investments West Africa SA |
SE |
|
D |
|
100% |
|
142,925 |
|
- |
|
- |
|
| |
Kumba Iron Ore Holdings BV |
NE |
|
E |
|
100% |
|
154,654 |
|
- |
|
- |
|
| |
Kumba Investments Guinea BV |
NE |
|
D |
|
100% |
|
151,511 |
|
- |
|
- |
|
| |
Kumba West Africa SARL |
SE |
|
D |
|
100% |
|
14,290 |
|
- |
|
- |
|
| |
Sishen South Mining (Pty) Limited |
RSA |
|
A |
|
100% |
|
1 |
|
- |
|
- |
|
| |
Downs Holding BV |
NE |
|
F |
|
100% |
|
119,209 |
|
- |
|
- |
|
| |
Mineco Limited |
MAU |
|
F |
|
100% |
|
21 |
|
- |
|
- |
|
| |
Oreco Leasing Limited |
MAU |
|
F |
|
75% |
|
17 |
|
- |
|
- |
|
| |
Vulcan Leasing Limited |
MAU |
|
F |
|
100% |
|
19 |
|
- |
|
- |
|
| |
Total investments in subsidiaries |
|
|
|
|
|
|
|
|
3,181,845 |
|
322,572,136 |
|
| |
|
Rand million |
|
| |
Aggregate attributable after tax profits/(losses) of subsidiaries: |
|
|
| |
Profits |
9,178 |
|
| |
Losses |
(107) |
|
1 RSA – South Africa, NE – Netherlands, HK – Hong Kong, SWL – Switzerland, MAU – Mauritius, SE – Senegal
2 A – Mining, B – Iron ore marketing and sales, C – Shipping charter, D – Exploration, E – Investment holding, F – Dormant
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