2008 Finansiële Jaar - overbergagri

OVERBERG AGRI BEPERK EN SY FILIALE
Aantekeninge tot die finansiële jaarstate (vervolg)
VIR DIE JAAR GEËINDIG 29 FEBRUARIE 2008
22 LENINGS (vervolg) 2008 2007
R’000 R’000
Die Groep het banklenings wat terugbetaalbaar is in maandelikse
paaiemente oor termyne wat wissel tussen sewe en
10 jaar. Die banklenings is verseker deur 'n sessie oor
debiteure (aantekening 16), 'n verband oor eiendom
(aantekening 4), 'n algemene notariële verband oor alle vaste
bates (aantekening 4), uitsluitende die grond en geboue en
voorraad, en beperkte borgstelling in die Groep van
R67,000,000. Die banklenings dra rente soos van tyd tot
tyd bepaal en tans is die rentekoers prima plus 1%.
Die Groep het 'n oortrokke bankfasiliteit met ABSA Bank
wat onverseker is. Die fasiliteite dra rente soos van tyd tot
tyd bepaal deur ABSA Bank (tans 12,50% - 14,50% [2007:
10,50% - 12,50%]).
Die afbetalingsverkoopooreenkomste ten opsigte van vaste
bates is terugbetaalbaar in 12 tot 84 maandelikse paaiemente.
Die paaiemente daal soos bestaande ooreenkomste verval.
Tans wissel die rentekoers tussen 9,5% en prima plus 1%
(2007: 8,5% en 9,5%). Daar is 'n bedrag van R651,330 (2007:
R4,703,990) vooruitbetaal by Wesbank.
Die ander lenings verteenwoordig deposito's gemaak deur
aandeelhouers en lede van Overberg Agri Beperk en is onverseker.
Die fasiliteit dra rente soos van tyd tot tyd bepaal
[tans 11,50% (2007: 9,50%)]. Daar is geen terugbetalingsvoorwaardes
nie.
Beperkte borgstelling van R5 miljoen is verskaf vir skulde
van Promeal (Edms) Beperk, sessie van leningsrekening
ingesluit.
Die Groep se blootstelling aan rentekoersaanpassings en
kontraktuele hernuwingsdatums op die balansstaatdatum is
soos volg:
Binne 1 jaar 428,896 283,176
1 tot 2 jaar 48,919 -
2 tot 5 jaar 62,777 23,942
540,672 307,118
OVERBERG AGRI LIMITED AND ITS SUBSIDIARIES
Notes to the annual financial statements (continued)
FOR THE YEAR ENDED 29 FEBRUARY 2008
22 BORROWINGS (continued)
The Group has bank borrowings repayable in monthly
instalments over periods varying between seven and 10
years. The bank borrowings have been insured through a
cession over debtors (note 16), a mortgage on property
(note 4), a general notarial bond over all fixed assets (note
4), excluding the land and buildings and inventory, and
limited suretyship in the Group of R67,000,000. The bank
borrowings bear interest as determined from time to time
and the interest rate is currently prime plus 1%.
The Group has an overdraft facility with ABSA Bank which
is uninsured. The facilities bear interest as determined
from time to time by ABSA Bank (currently 12,50% -
14,50% [2007: 10,50% - 12,50%]).
The instalment sale agreements in respect of fixed assets
are repayable in 12 to 84 monthly instalments. The
instalments decrease as existing agreements mature.
Currently the interest rate varies between 9,5% and prime
plus 1% (2007: 8,5% and 9,5%). An amount of R651,330
(2007: R4,703,990) has been prepaid at Wesbank.
The other borrowings represent deposits made by
shareholders and members of Overberg Agri Limited and
are uninsured. The facility bears interest as determined
from time to time [currently 11,50% (2007: 9,50%)]. There
are no repayment conditions.
Limited suretyship of R5 million was provided for debts
of Promeal (Pty) Limited, cession of loan account
included.
The Group's exposure to interest rate adjustments and
contractual renewal dates at balance sheet date is as
follows:
Within 1 year
1 to 2 years
2 to 5 years
Die Groep se totale leningsfasiliteite tot hul beskikking beloop: 587,000 497,442
Die Groep het die volgende onaangewende leningsfasiliteite, teen
wisselende rentekoerse en wat jaarliks hernubaar is, tot sy
beskikking:
• Leningsfasiliteite verskaf deur finansiële instellings 256,227 260,231
The Group's total borrowing facilities available amount to:
The Group has the following unutilised annually renewable
borrowing facilities available at varying interest rates:
• Borrowing facilities provided by financial institutions
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