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338 NEDBANK GROUP Limited INTEGRATED REPORT 201028 OTHER ASSETSSundry debtors and other accounts 4 811 4 711Trading securities and spot positions 5 203 7442010Rm2009Rm10 014 5 45529 INVESTMENT SECURITIESListed investments at market value 536 485Private equity portfolio 532 482Other 4 3Unlisted investments at directors’ valuation 2 475 2 491Endowment policies 18 18NES Investments (Pty) Limited 354 185Morning Tide Investments 168 (Pty) Limited 105 91Strate Limited 36 31Private-equity portfolio 1 127 1 274Other 835 892Total listed and unlisted investments 3 011 2 976Listed policyholder investments at market value 7 068 6 417Equities 275 350Government, public and private sector stock 117 396Unit trusts 6 676 5 671Unlisted policyholder investments at directors’ valuation 1 871 1 666Equities 1 1Negotiable certificates of deposit, money market and other short-term funds 1 870 1 665Net policyholder liabilities (32) (34)Total policyholder investments 8 907 8 049Total investment securities 11 918 11 025A register of private equity and other investments is available for inspection at the company’s registeredoffice.30 INVESTMENTS IN ASSOCIATE COMPANIES AND JOINT VENTURES30.1 Movement in carrying amountCarrying amount at the beginning of the year 924 1 167Share of associate companies’ and joint ventures’ profit after taxation for the current year 1 55Dividends received (76)Net movement of associate companies and joint ventures at carrying value* 10 (178)Fair-value movements 1 (44)Carrying amount at the end of the year 936 924* These amounts include movements due to acquisitions and disposals.All investments in associate companies and joint ventures are unlisted.
339Reports andcertificationsConsolidatedannual financialstatementsShareholdermeeting mattersDefinitions andabbreviationsInstrumentcodesContactdetailsnotes to the financial statements for the year ended 31 December 201030.2 Analysis of carrying amount2010RmAssociate investments – on acquisition – net asset value 548 538Share of retained earnings since acquisition 103 102Fair-value movements 285 284Information relating to investments in associate companies appears on pages 388 and 389.30.3 Valuation2009Rm936 924Directors’ valuation 936 92430.4 Summarised financial information of investments in associate companies936 924Total assets 5 537 5 227Total liabilities 4 720 4 445Operating results 284 301Total revenues 1 538 1 56131 NON-CURRENT ASSETS HELD FOR SALEPreviously included in:Properties sold not yet transferred Property and equipment 5 125 12Commitments for the sale of several properties had been entered into at year-end. Transfer, however, had not been effected at these dates. Transferof the properties is expected to take place during the following year.
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215Reports andcertificationsConsoli
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262 NEDBANK GROUP Limited INTEGRATE
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