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CSIR ANNUAL REPORT 2010/11 Addendum A: Interest in subsidiaries 31 March 2011 Consolidated subsidiaries Country of incorporation Issued capital Interests of the CSIR Effective holding Financial year-end Shares at cost less accumulated impairment losses 2011 2010 2011 2010 R’000 % % R’000 R’000 Direct investments Technology Finance Corporation (Pty) Ltd (Technifi n) South Africa 5 200 100 100 31 March 4 650 4 650 Technovent (Pty) Ltd South Africa 5 000 100 100 31 March - - Quotec Limited United Kingdom 20 100 100 31 March 458 353 Indirect investments Included in Technovent (Pty) Ltd carrying value: 5 108 5 003 Uvirco Technologies (Pty) Ltd* South Africa - 100 100 31 March - - Ulwazi Biotech (Pty) Ltd** South Africa - 100 100 31 March - - * Issued capital R100 and shares at cost R100 ** Issued capital R1 and shares at cost R1 The Group has interests in three dormant companies. Details of these interests are available at the CSIR’s registered offi ce. 166
Interests of the CSIR Net indebtness less accumulated impairment losses Net investment General nature of business to subsidiaries by subsidiaries 2011 2010 2011 2010 2011 2010 R’000 R’000 R’000 R’000 R’000 R’000 - - 12 000 13 262 16 650 17 912 The acquisition and transfer of technology to industry by licensing new inventions, providing fi nance to develop technology and venture capital for the exploitation thereof. - - 4 361 4 464 4 361 4 464 The company sources technologies and entrepreneurs from the CSIR, other S&T institutions, universities or any developer of technology and develops these into viable businesses with the aim of spinning them off for capital gain and/or public good. - - 4 727 4 800 5 185 5 153 The principal activity of the company is that of consulting on technology auditing, technology evaluation and technology transfer on behalf of clients in the public and private sectors. - - 21 088 22 526 26 196 27 529 The company manufactures and distributes high technology cameras for use in detecting faults on overhead electricity distribution lines. The principal activities of the company are to develop, commercialise and market naturally derived products for the biotechnology and pharmaceutical markets. 167 ANNUAL FINANCIAL STATEMENTS
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ANNUAL REPORT 2010/11
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5AUDIT REPORT 106 Report of the Aud
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contribution to the pursuit of scie
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engagement with all its stakeholder
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focuses on establishing new develop
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Nanotechnology, specifi cally nanos
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Infrastructure and associated opera
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uilt environment Getting to grips I
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uilt environment The Port of Doha,
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uilt environment Locally, the South
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The changing security environment p
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defence & security placed close tog
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defence & security recalled per tar
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defence & security communication an
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The demand for energy in South Afri
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energy required by the heliostat to
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For many South Africans, limited ac
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health group has hosted and trained
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health these devices now enables re
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The importance of manufacturing in
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industry advanced manufacturing can
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industry advanced manufacturing CSI
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industry advanced manufacturing tra
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industry advanced manufacturing tec
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industry advanced manufacturing One
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With its 495 000 workers and R162 b
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industry mining elimination of sili
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The natural environment is both an
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natural environment • South Afric
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natural environment is strongly rec
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natural environment Oceanography; B
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The CSIR’s work in information an
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ict The research has been documente
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ict The VOs are encouraged through
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ict allow engineers to make adjustm
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ict development and implementation
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Currently, marine research vessels
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ict their long-term athlete develop
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Publication equivalents allocated t
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Archibald S, Scholes RJ, Roy DP, Ro
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De Lange WJ, Wise RM, Forsyth GG, N
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Kumar R, Yakubu MK, Anandjiwala RD.
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405(12), p.2659-2663. Mishra SB, Mi
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Phasha MJ, Ngoepe PE, Chauke HR, Pe
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Van den Bergh F, Engelbrecht AP. 20
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J John MJ, Thomas S. 2010. Cellulos
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Wright C. 2010. Children’s sight
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CORPORATE GOVERNANCE 93
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are fairly presented in conformity
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CSIR. All subsidiary companies are
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CSIR Board Members (1 April 2010 -
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CSIR leadership team The CSIR manag
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Meetings 7 October 2010 24 March 20
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Report of the Audit and Risk Commit
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the fi nancial position of the Coun
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Role in the National System of Inno
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to accessing each other’s researc
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Table 2: Building and transforming
Page 117 and 118: The CSIR achieved outstanding perfo
Page 119 and 120: Significant progress was made in 20
Page 121 and 122: B Five-year review of income and ex
Page 123 and 124: 121 EXECUTIVE REPORT
Page 125 and 126: ANNUAL FINANCIAL STATEMENTS 123
Page 127 and 128: Statements of financial position as
Page 129 and 130: Statements of cash flows for the ye
Page 131 and 132: 1 PRINCIPAL ACCOUNTING POLICIES (co
Page 133 and 134: 1PRINCIPAL ACCOUNTING POLICIES (con
Page 141 and 142: 3OPERATING PROFIT GROUP The net ope
Page 143 and 144: 6PROPERTY, PLANT AND EQUIPMENT 2011
Page 145 and 146: 6PROPERTY, PLANT AND EQUIPMENT (con
Page 147 and 148: 8INTEREST IN JOINT VENTURES AND ASS
Page 149 and 150: 13 DEFERRED TAx ASSET GROUP Balance
Page 151 and 152: 18 RETIREMENT BENEFITS OF EMPLOYEES
Page 153 and 154: 19 REMUNERATION OF BOARD MEMBERS, D
Page 155 and 156: 20 CONTINGENT LIABILITIES AND FACIL
Page 157 and 158: 22 FINANCIAL INSTRUMENTS (continued
Page 163 and 164: 23 RECONCILIATION OF OPERATING PROF
Page 165 and 166: 25 RELATED PARTY TRANSACTIONS (cont
Page 167: 26 SUBSEQUENT EVENTS 26.1 Satellite
Page 171 and 172: 169 2010 FIFA SOCCER WORLD CUP
Page 173 and 174: ACCESS Applied Centre for Climate a
Page 175 and 176: Printed on Hi-Q Titan Plus environm
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