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NOTES TO THE ANNUAL FINANCIAL STATEMENTS (continued)<br />
for the year ended 31 March <strong>2016</strong><br />
8 FINANCIAL ASSETS - AT FAIR VALUE THROUGH<br />
PROFIT AND LOSS <strong>2016</strong> 2015<br />
E<br />
E<br />
Non-current<br />
Swaziland Building Society – Permanent unlisted shares 27 118 773 24 635 837<br />
Investments Managed by African Alliance<br />
- Newera Bonds - 40 613 868<br />
- Select Bonds - 41 104 468<br />
- Fincorp Bonds 10 513 509 33 962 722<br />
- African Alliance Loan - 18 025 206<br />
Stanlib 53 325 797 -<br />
Sanlam 48 706 628 -<br />
Amandla Financial Services 16 510 519 -<br />
156 175 226 158 342 101<br />
Current<br />
Swaziland Building Society – Permanent unlisted shares 24 107 178 -<br />
Investments Managed by African Alliance:<br />
- Lilangeni Fund 36 006 206 51 173 922<br />
- Managed Fund - 12 547 923<br />
- Portfolio Fund - 73 368 751<br />
- Newera Bonds 37 030 578 -<br />
- Select Bonds 39 195 781 -<br />
- Fincorp Bonds 32 657 686 -<br />
168 997 429 137 090 596<br />
Total financial assets 325 172 655 295 432 697<br />
Select Bonds<br />
The Fund invested E18 983 775 with Select Limited on 24 February 2014. Interest is at a rate of 9.75% per annum and<br />
accrues on 24 August and 24 February. The bonds are redeemable on 24 February 2017.<br />
In 25 March 2015, the fund further invested E20 000 000.00 with Select Limited. Interest is at a rate of 10.5% per<br />
annum and accrues on 25 March and 25 September. The bonds are redeemable on 25 March 2017.<br />
50<br />
ANNUAL REPORT 2017
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