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ANNEXURE 1: INVESTMENTS IN SUBSIDIARIES
FOR THE YEAR ENDED 31 DECEMBER
ANNEXURE 1:
INVESTMENTS IN SUBSIDIARIES
Rand million
Direct investments
Country of
incorporation 1
Nature of %
business 2 holding
Nominal
issued
capital
Investments at cost
2011
Rand
2010
Rand
2011
Rand
Loans (from)/to
subsidiaries
Sishen Iron Ore Company
(Pty) Limited RSA A 74 100 3,008,810 3,008,810 (17,940,816) 385,646,729
Main Street 576 (Pty) Limited RSA E 100 100 100 100 60,613,188 39,050,027
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 International Trading SA LUX B 100 55,335,369 – – – –
Kumba Iron Ore Holdings SARL NE E 100 154,654 – – – –
Mineco Limited MAU F 100 21 – – – –
Oreco Leasing Limited MAU F 75 17 – – – –
Sibelo Resources Development
(Pty) Limited RSA D 100 2 – – – –
Sishen South Mining (Pty) Limited RSA F 100 1 – – – –
Vulcan Leasing Limited MAU F 100 19 – – – –
Total investments in subsidiaries 3,008,910 3,008,910 42,672,372 424,696,756
Rand million 2011 2010
Aggregate attributable after tax profits/(losses) of subsidiaries:
Profits 19,347 17,653
Losses 3 – (745)
1
RSA – South Africa, NE – Netherlands, SWL – Switzerland, HK – Hong Kong, LUX – Luxembourg, MAU – Mauritius
2
A – Mining, B – Iron ore marketing and sales, C – Shipping charter, D – Exploration, E – Investment holding, F – Dormant
3
Includes the impairment of investments in subsidiaries.
2010
Rand
76 Kumba Iron Ore Limited