Chapter 2 - P rogramme 1 - Department of Defence

| Financial Performance |
ANNEXURES TO THE ANNUAL FINANCIAL STATEMENTS
for the year ended 31 March 2008
ANNEXURE 2B
STATEMENT OF INVESTMENTS IN AND AMOUNTS OWING BY/TO CONTROLLED/PUBLIC ENTITIES AS AT 31 MARCH 2008
(Only Public and Private Entities)
Annual Report FY 2007 - 2008 326
| Department of Defence | Vote 20 |
Name of Public Entity Nature of business Cost of investment Net Asset value of Amounts owing to Amounts owing by
Investment
Enitities
Entities
R’000 R’000 R’000 R’000
2007/08 2006/07 2007/08 2006/07 2007/08 2006/07 2007/08 2006/07
- - 9 575 8 740 - - - -
The SANDF Fund is established in terms of the
Fund Raising Act, Act 107 of 1968. The aim of
the fund is to render aid to SA National Defence
Force and Auxiliary Services and their dependants
who suffer financial hardship and distress as a
Controlled entities
South African National
Defence Force Fund
- - 7 886 6 023 - - - -
result of duties in terms of the Defence Act.
To preserve and protect the military and cultural
heritage of the castle; optimise the tourism
potential of the Castle; and maximise the
accessibility to the public of the whole or any
part, as the case may be, of the Castle which is
not used by the SANDF, or any part thereof.
To acquire defence products, mainly for the
SANDF, and co-manage, with the SANDF, the
development of technologies for future weapon
systems and products and also to manages the
disposal of excess, forfeited, redundant, or surplus
defence material for the SANDF and the subsidy
companies which directly support technology and
acquisition strategies.
Castle Control Board (under
control of the Minister of
Defence)
75 000 75 000 536 900 470 600 - - 5 031 6 695
Armaments Corporation of
South Africa (managed and
controlled by a Board of
Directors appointed by the
Minister of Defence)
Total 75 000 75 000 554 361 485 363 - - 5 031 6 695