Zambian Breweries Annual Report - Released June 2012 - SABMiller

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Zambian Breweries Plc Zambian Breweries Plc Financial Statements For the year ended 31 March 2012 (all amounts are in millions of Kwacha unless otherwise stated) Notes (continued) 25 Related party transactions (continued) 47 iv) Outstanding balances arising from sale and purchase of goods/services Receivables from fellow subsidiaries Malawi Beverages Ltd 426 416 426 416 The payables to related parties arise mainly from purchase transactions and are due three months after date of purchase. The payables bear no interest. The receivables from related parties arise mainly from sale transactions and are due one month after the date of sale. The receivables are unsecured and bear no interest. No provisions are held against receivables from related parties (2011: nil). 26 Contingent liabilities Zambian Breweries plc had several pending legal proceedings at 31 March 2012. The Directors having obtained appropriate legal advice are of the opinion that there will be no material losses arising from the pending legal proceedings. The value of potential claims against the company are ZMK35,032 million (2011: ZMK45,429million). 36
Zambian Breweries Plc
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Zambian Breweries Annual Report - Released June 2012 - SABMiller

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