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Entire Annual Report - Anglo American Platinum

Entire Annual Report - Anglo American Platinum

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Notes to theFinancial Statements" for the year ended 31 December (continued)COMPANYGROUP1999 2000 2000 1999Rm Rm Rm Rm19. Non-current receivableAs set out in note 17 and in pursuance of enhancingempowerment in the mining industry, the Group concludedan empowerment transaction with Mvelaphanda <strong>Platinum</strong>(Proprietary) Limited (Mvela). Mvela acquired from theGroup 40 221 089 ordinary shares in Northam <strong>Platinum</strong>Limited (Northam) representing a 17,5% interest inNortham. The consideration was settled partly in cashand partly in a secured loan repayable over 10 years.The outstanding amount bears interest, compounded— — monthly in arrears. 193,2 —20. InventoriesThe amounts attributable to the differentcategories are as follows:Refined metals 696,9 589,5At cost 657,1 541,6At net realisable values 39,8 47,9Work-in-process at cost 445,2 452,6Total metal inventories 1 142,1 1 042,1Stores and materials at cost 208,7 186,61 350,8 1 228,721. Accounts receivable— — Trade accounts receivable 1 265,6 516,0— — Related parties (note 31) 0,1 66,6— — Other 1 265,5 449,4102,0 10,0 Other receivable and prepaid expenses 345,5 244,1512,4 316,7 Subsidiary companies current accounts(Annexure C)614,4 326,7 1 611,1 760,122. Cash and cash equivalentsCash and cash equivalents consist of cash on hand,5,8 31,7 balances with banks and deposits on call. 6 122,8 2 214,5162

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