annrep 1011 1 to 148.qxp - Department of Defence

D E P A R T M E N T O F D E F E N C EDepartment of Defence and Military Veterans - Vote 21Annexures to the Annual Financial Statementsfor the year ended 31 March 2011ANNEXURE 2BSTATEMENT OF INVESTMENTS IN AND AMOUNTS OWING BY/TO CONTROLLED/PUBLIC ENTITIES AS AT 31 MARCH 2011(Only Public and Private Entities)Name of Public EntityNature of businessCost of investmentR'000Net Asset value ofinvestmentR'000Amounts owing toEnititiesR'0002010/112009/10 2010/11 2009/102010/11 2009/10-Controlled entitiesSouth African NationalDefence Force FundThe SANDF Fund is established in terms of the FundRaising Act, Act 107 of 1968. The aim of the fund is torender aid to SA National Defence Force and AuxiliaryServices and their dependants who suffer financialhardship and distress as a result of duties in terms ofthe Defence Act12 04011 385--Castle Control Board(under control of theMinister of Defence)To preserve and protect the military and cultural heritageof the Castle; optimise the tourism potential of theCastle; and maximise the accessibility to the public ofthe whole or any part, as the case may be, of the Castlewhich is not used by the SANDF, or any part thereof.12 43111 566--ArmamentsCorporation of SouthAfrica (managed andcontrolled by a Board ofDirectors appointed bythe Minister of Defence)To acquire defence products, mainly for the SANDF,and co-manage, with the SANDF, the development oftechnologies for future weapon systems and productsand also to manage the disposal of excess, forfeited,redundant, or surplus defence material for the SANDFand the subsidy companies which directly supporttechnology and acquisition strategies.75 00075 000553 803536 7723 911-Total75 000 75 000 578 274 559 723 3 911Amounts owing byEntitiesR'0002010/11 2009/10----3637 9373637 937264ANNUAL REPORT FY 2010/2011