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FINANCIAL STATEMENTS AND NOTES 2007NOTES TO THE ANNUAL FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 MARCH 2007GROUPMINTEK2007 2006 2007 2006R R R R6. FINANCE EXPENSESInterest paid guaranteed liability 68,548 94,581 – –Interest other 148 129,279 148 129,279South African Revenue Services - interest and penalties 263,019 – 263,019 –Fair value interest on debtors – 259,971 – 259,971 194,320 113,564 194,320 113,564526,035 597,395 457,487 502,8147. AUDIT FEESAudit fees 1,375,658 1,083,000 1,325,658 1,050,000Underprovided prior year 143,188 841,160 88,868 834,4791,518,846 1,924,160 1,414,526 1,884,4798. FEES FOR SERVICESConsultants 25,141,713 11,287,396 24,553,852 11,287,396Legal 1,714,558 712,587 1,714,558 712,58726,856,271 11,999,983 26,268,410 11,999,9839. DEPRECIATIONBuildings 577,199 325,339 577,199 325,339Manufactured items 1,776,586 – 1,776,586 –Plant 3,018,379 2,380,174 3,018,379 2,370,174Equipment 8,426,722 7,409,759 8,426,722 7,409,759Computer software 433,146 – 433,146 –Vehicles 167,604 225,117 167,604 225,117Low value assets 6,163 – 6,163 –Leased assets 332,636 198,801 332,636 198,801 146,413 101,445 146,413 101,44514,884,848 10,640,635 14,884,848 10,640,63510. POST-RETIREMENT BENEFIT OBLIGATIONSActuarial loss - post-retirement medical obligation 3,645,790 8,729,894 3,645,790 8,729,894Interest on post-retirement medical obligation 3,278,855 3,692,544 3,278,855 3,692,544Actuarial (loss)/gain pension fund (2,035,000) 406,000 (2,035,000) 406,0004,889,645 12,828,438 4,889,645 12,828,438Number of employees 498 524 498 524annual report 200772