Department of Defence Annual Report 2008-2009

| Department of Defence | Vote 19 |
SOUTH AFRICAN NATIONAL DEFENCE FORCE FUND
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2009 (continued)
2008/2009 2007/2008
R
R
4.1.2 Maturity date 29/08/2007
Interest rate: 8.3%
Opening balance 1 075 875
Interest earned 36 891
Re-invested ( refer 4.1.1) (1 112 766)
Closing balance -
4.1.3 Maturity date: 09/05/08
Interest rate: 10.5%
Opening balance 9 482 227
Interest earned 103 003
Closing balance re-invested (refer 4.1.4) 9 585 230
4.1.4 Maturity date: 08/07/08
Interest rate: 11.1%
Opening balance 9 585 230
Interest earned 174 897
Closing balance re-invested (refer 4.1.5) 9 760 127
| Financial Performance |
4.1.5 Maturity date: 08/09/08
Interest rate: 11.9%
Opening balance 9 760 127
Interest earned 197 288
Closing balance transferred to Investment call account (refer 4.1.6) 9 957 415
4.1.6 Investment call account (15 days)
Interest rate: 11%
Opening balance 9 957 415
Interest earned 45 013
Closing balance transferred to Investment (refer 4.1.7) 10 002 428
395 Annual Report FY 2008 - 2009