Brainworks_Capital_Management_2012_Annual_Report

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48 2012 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2012 25. CAPITAL COMMITMENTS During 2011 the Company lodged an application with IPEC for a life assurance licence. The licence has not yet been issued. If licensed, the business will be capitalised through a combination of existing investments and cash. The immediate capital commitment for this venture is a cash injection of US$ 500 000. 26. SUBSEQUENT EVENTS Subsequent to the year-end a further US$ 2 million was subscribed from a foreign investor, Red Rock Capital, a Mauritius registered Category 1 Global Business (GBL1) Company. BRAINWORKS CAPITAL MANAGEMENT (PRIVATE) LIMITED ANNUAL REPORT 2012
BRAINWORKS CAPITAL MANAGEMENT (PRIVATE) LIMITED 2012 ANNUAL REPORT
Page 1 and 2: A PRIVATE EQUITY INVESTMENT AND ADV
Page 3 and 4: 1 VALUES STATEMENT We abide by the
Page 5 and 6: 3 CONTENTS LETTER TO SHAREHOLDERS 0
Page 7 and 8: 5 LETTER TO SHAREHOLDERS DEAR SHARE
Page 9 and 10: 7 LETTER TO SHAREHOLDERS Despite th
Page 11 and 12: 9 LETTER TO SHAREHOLDERS CONSUMER F
Page 13 and 14: 11 LETTER TO SHAREHOLDERS Investee
Page 15 and 16: 13 LETTER TO SHAREHOLDERS SHAREHOLD
Page 17 and 18: 15 LETTER TO SHAREHOLDERS OUTLOOK W
Page 19 and 20: 17 DIRECTORATE RICHARD MUIRIMI ZIMB
Page 21 and 22: 19 DIRECTORATE VULINDLELA NDLOVU ZI
Page 23 and 24: 21 DIRECTORATE The Directors recogn
Page 25 and 26: 2012 FINANCIAL STATEMENTS INDEPENDE
Page 27 and 28: 2012 FINANCIAL STATEMENTS STATEMENT
Page 29 and 30: 2012 FINANCIAL STATEMENTS STATEMENT
Page 31 and 32: 2012 FINANCIAL STATEMENTS NOTES TO
Page 49: 2012 FINANCIAL STATEMENTS NOTES TO

Brainworks_Capital_Management_2012_Annual_Report

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