NVFH 2020 Integrated Annual Report

NVest Financial Holdings Limited and its subsidiaries | (Registration number 2008/015990/06)
Annual Financial Statements for the year ended 29 February 2020
Notes to the Annual Financial Statements [continued]
Group
Company
Figures in Rand Notes 2020 2019 2020 2019
17. Share capital
Authorised
1 000 000 000 ordinary shares of no par value 1,000,000,000 1,000,000,000 1,000,000,000 1,000,000,000
Reconciliation of number of shares issued:
Reported as at 01 March 2019 324,779,200 324,779,200 324,779,200 324,779,200
Issue of shares - share based payment 1,375,000 - 1,375,000 -
326,154,200 324,779,200 326,154,200 324,779,200
Issued
303 241 722 (2019 - 302 741 722) ordinary shares 326,154,200 324,779,200 326,154,200 324,779,200
There are no special rights, preference nor restrictions, on the distribution and capital repayments of shares, save as provided
for in the NVest Financial Holdings Limited Share Incentive Scheme.
20 500 000 of the unissued ordinary shares are specifically reserved for the NVest Financial Holdings Limited Share Incentive
Scheme. During the current financial year no share options were granted.
18. Borrowings
Held at amortised cost
Secured
Erf 61228 East London
The loan bears interest at 0.50% below the prime lending rate and
is subject to monthly instalments of R129 430. The fixed property is
encumbered as security over the bond.
Erf 387, 389 & 394 Butterworth
The loan bears interest at 0.60% below the prime lending rate and
is subject to monthly instalments of R57 218. The fixed property is
encumbered as security over the bond.
Erf 11032, 11009, 11031 & 11010 Cape Town
The loan bears interest at 0.70% below the prime lending rate and
is subject to monthly instalments of R127 475. The fixed property is
encumbered as security over the bond.
Erf 28971 Cape Town
The loan bears interest at 0.20% below the prime lending rate and
is subject to monthly instalments of R114 745. The fixed property is
encumbered as security over the bond.
Erf 5992 East London
The loan bears interest at 0.60% below the prime lending rate and
is subject to monthly instalments of R89 526. The fixed property is
encumbered as security over the bond.
Erf 10015 Mdantsane, East London
The loan bears interest at 0.60% below the prime lending rate and
is subject to monthly instalments of R190 883. The fixed property is
encumbered as security over the bond.
Erf 90 Mthatha
The loan bears interest at 0.60% below the prime lending rate and
is subject to monthly instalments of R43 223. The fixed property is
encumbered as security over the bond.
Erf 3197 & 3198 Port Elizabeth
The loan bears interest at 0.70% below the prime lending rate and
is subject to monthly instalments of R108 246. The fixed property is
encumbered as security over the bond.
7,329,551 8,143,923 - -
1,202,873 1,749,209 - -
4,939,172 5,962,009 - -
4,445,930 5,366,500 - -
3,076,454 3,824,168 - -
4,796,193 6,549,420 - -
945,114 1,354,231 - -
3,885,256 4,782,022 - -
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NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020