|
|
| Annexure 1: Investments in subsidiaries
for the year ended 31 December
|
|
|
|
|
|
|
|
|
|
2009 |
|
| |
|
Country of |
|
Nature of |
|
Percentage |
|
Nominal |
|
Investment |
|
Loans to |
|
| |
R'000 |
incorporation1 |
|
business2 |
|
holding |
|
issued capital |
|
at cost |
|
subsidiaries |
|
| |
Direct investments |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Kumba Holdings West Africa BV |
NE |
|
E |
|
100% |
|
173,035 |
|
173,035 |
|
– |
|
| |
Sishen Iron Ore Company (Pty) Limited |
RSA |
|
A |
|
74% |
|
100 |
|
3,008,810 |
|
261,259,686 |
|
| |
Main Street 576 (Pty) Limited |
RSA |
|
F |
|
100% |
|
100 |
|
100 |
|
– |
|
| |
Indirect investments |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Groler Investments Limited |
SWL |
|
E |
|
100% |
|
258,958 |
|
– |
|
– |
|
| |
Kumba Hong Kong Limited |
HK |
|
B |
|
100% |
|
915 |
|
– |
|
– |
|
| |
Kumba Hong Kong Shipping Limited |
HK |
|
C |
|
100% |
|
897 |
|
– |
|
– |
|
| |
Kumba International BV |
NE |
|
B |
|
100% |
|
10,806,511 |
|
– |
|
– |
|
| |
Kumba Investment West Africa BV |
NE |
|
E |
|
100% |
|
173,034 |
|
– |
|
– |
|
| |
Kumba Iron Ore Holdings BV |
NE |
|
E |
|
100% |
|
154,654 |
|
– |
|
– |
|
| |
Kumba Investments Guinea BV |
NE |
|
D |
|
100% |
|
189,381 |
|
– |
|
– |
|
| |
Camfo Minerals CMS-SARL |
GU |
|
D |
|
100% |
|
69,838 |
|
– |
|
– |
|
| |
Sud-Sud Group Development SA |
GU |
|
F |
|
100% |
|
– |
|
– |
|
– |
|
| |
Kumba International Trading SA |
LUX |
|
B |
|
100% |
|
55,335,369 |
|
– |
|
– |
|
| |
Sishen South Mining (Pty) Limited |
RSA |
|
A |
|
100% |
|
1 |
|
– |
|
– |
|
| |
Mineco Limited |
MAU |
|
F |
|
100% |
|
21 |
|
– |
|
– |
|
| |
Oreco Leasing Limited |
MAU |
|
F |
|
75% |
|
17 |
|
– |
|
– |
|
| |
Vulcan Leasing Limited |
MAU |
|
F |
|
100% |
|
19 |
|
– |
|
– |
|
| |
Sibelo Resources Development (Pty) Limited |
RSA |
|
D |
|
100% |
|
2 |
|
– |
|
– |
|
| |
Total investments in subsidiaries |
|
|
|
|
|
|
|
|
3,181,945 |
|
261,259,686 |
|
|
|
Rand million |
|
| |
Aggregate attributable after tax profits/(losses) of subsidiaries: |
|
|
| |
Profits |
8,823 |
|
| |
Losses* |
(8,969) |
|
* Includes the impairment of investments in subsidiaries.
| 1 |
RSA – South Africa, NE – Netherlands, HK – Hong Kong, SWL – Switzerland, MAU – Mauritius, LUX – Luxembourg, GU – Guinea. |
| 2 |
A – Mining, B – Iron ore marketing and sales, C – Shipping charter, D – Exploration, E – Investment holding, F – Dormant. |
|
