Appendix 2: Joint ventures
| |
|
Effective percentage |
| |
|
held by AECI Limited |
| |
|
2007 |
|
2006 |
| Crest Chemicals (Pty) Limited |
|
50 |
|
50 |
| DetNet International Limited(1) |
|
50 |
|
50 |
| DetNet South Africa (Pty) Limited |
|
50 |
|
50 |
| DetNet Detonadores Electronicos Limitada(2) |
|
50 |
|
50 |
| Resinkem (Pty) Limited |
|
50 |
|
50 |
| Specialty Minerals South Africa (Pty) Limited |
|
50 |
|
50 |
| Unifi-SANS Technical Fibers LLC (3) † |
|
|
|
50 |
| |
|
|
|
|
| |
|
2007 |
|
2006 |
| |
|
R millions |
|
R millions |
| The aggregate amounts relating to joint ventures is as follows: |
|
|
|
| Balance sheets |
|
|
|
| Property, plant, equipment and investments |
|
46 |
|
184 |
| Current assets |
|
444 |
|
393 |
| Total assets |
|
490 |
|
577 |
| Equity |
|
162 |
|
236 |
| Non-current borrowings |
|
79 |
|
98 |
| Current liabilities |
|
249 |
|
243 |
| Total equity and liabilities |
|
490 |
|
577 |
| Income statements |
|
|
|
|
| Revenue |
|
1 154 |
|
1 071 |
| Net trading profit |
|
(883) |
|
(888) |
| Other income |
|
4 |
|
2 |
| Other expenses |
|
(195) |
|
(196) |
| Profit/(loss) before tax |
|
80 |
|
(11) |
| Tax |
|
(27) |
|
(9) |
| Profit/(loss) for the year |
|
53 |
|
(20) |
| Cash ow statements |
|
|
|
|
| Cash flow from operating activities |
|
(53) |
|
15 |
| Cash flow from investing activities |
|
(22) |
|
(20) |
| Cash flow from financing activities |
|
(37) |
|
15 |
| Commitments |
|
|
|
| Capital expenditure authorised |
7 |
|
7 |
| Future rentals on property, plant and equipment leased |
41 |
|
31 |
| |
|
48 |
|
38 |
(1) Ireland
(2) Chile
(3) United States of America
† This partnership became a wholly-owned subsidiary during the year. See note 33 and appendix 3.
|
