KUMBA IRON ORE - Annual Report 2007
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Arrow Directors’ responsibility for financial reporting
Arrow Certificate of the company secretary
Arrow Independent auditor’s report to the shareholders of Kumba Iron Ore Limited
Arrow Directors’ report
Arrow Remuneration report
Arrow Principal accounting policies
Arrow Group Balance Sheet
Arrow Group Income Statement
Arrow Group Statement of Changes in Equity
Arrow Group Cash Flow Statement
Arrow Group Notes to the Annual Financial Statements
Arrow Company Balance Sheet
Arrow Company Income Statement
Arrow Company Cash Flow Statement
Arrow Company Statement of Changes in Equity
Arrow Company Notes to the Annual Financial Statements
Arrow Annexure 1: Investments in associates, joint ventures and other investments
Arrow Annexure 2: Investments in subsidiaries
Arrow Annexure 3: Income Statement – 12-month comparative period
Arrow Annexure 4: Balance Sheet – US Dollar convenience translation
Arrow Annexure 5: Income Statement – US Dollar convenience translation
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Annexure 2: Investments in subsidiaries

for the period ended 31 December

            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 (6,184,384)
Sishen Iron Ore Company (Pty) Limited RSA A 74% 100 3,008,810 73,422,569
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 67,238,185
             
          Rand million  
             
Aggregate attributable after tax profits/losses of subsidiaries:        
   Profits         3,917  
   Losses         (3)  

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