Astral Foods Annual Report 2008

31. INTEREST IN SUBSIDIARY COMPANIESDetails of the principal subsidiary companies of Astral Foods Limited are as follows:Issued Effective Company's interestordinary capital percentage holding Equity Loans to/(from)2008 2007 2008 2007 2008 2007 2008 2007R'000 R'000 % % R'000 R'000 R'000 R'000Unlisted investmentsDirectly held:Astral Operations Limited a 12 12 100 100 158 003 153 183 (123 300) (33 137)National Chicks Limited b 23 720 23 720 100 100 63 993 63 993 42 657 –County Fair Holdings(Pty) Limited c – 20 – 100 – 29 – –Africa Feeds Limited(Zambia)^ d 24 24 100 100 125 13 – –Indirectly held:Meadow Feeds (Eastern Cape)(Pty) Limited d – – 100 100Meadow MoçambiqueLimitada* d 8 8 80 80Ross Poultry Breeders(Pty) Limited e 1 1 90 90Elite Breeding Farms e – – 82 82National ChicksSwaziland (Pty)Limited# f 1 1 67 67222 121 217 218The directors' valuation of the investments in subsidiary companies is not less than their respective carrying values.^ Incorporated in Zambia. * Incorporated in Mozambique # Incorporated in SwazilandNature of businessaAnimal feed and pre-mix production,broiler operations , production andsale of day-old broilers and hatchingeggs, retailer of animal healthproducts and analytical servicesbcdeInvestment holdingDormantAnimal feed productionBroiler genetics and broiler breedingproductionfghProduction and sale of day-oldbroilers and hatching eggsAnimal feed pre-mixesManufacturer of baking productsAstral Foods Annual Report 200881