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
18. Borrowings [continued]
Erf 2785 & 2786 Pretoria
The loan bears interest at 0.60% below the prime lending rate and
is subject to monthly instalments of R82 818. The fixed property is
encumbered as security over the bond.
Erf 8245 Queenstown
The loan bears interest at 0.60% below the prime lending rate and
is subject to monthly instalments of R127 189. The fixed property is
encumbered as security over the bond.
Erf 169827 Cape Town
The loan bears interest at 0.70% below the prime lending rate and
is subject to monthly instalments of R130 847. The fixed property is
encumbered as security over the bond.
Erf 65432 East London
The loan bears interest at 0.70% below the prime lending rate and
is subject to monthly instalments of R81 786. The fixed property is
encumbered as security over the bond.
Erf 5991 East London
The loan bears interest at 0.70% below the prime lending rate and
is subject to monthly instalments of R182 709. The fixed property is
encumbered as security over the bond.
Erf 11104 East London
The loan bears interest at 0.70% below the prime lending rate and
is subject to monthly instalments of R145 904. The fixed property is
encumbered as security over the bond.
Commercial Notes Series 1
These commercial notes are unsecured and issued at a nominal
value of R1 000 000 each and have a maturity date of October
2022. Interest is raised at 8.5% per annum, payable monthly and
escalating annually by 5%. The effective interest rate is 8.91%.
Commercial Notes Series 2
These commercial notes are unsecured and issued at a nominal
value of R1 000 000 each and have a maturity date of January
2023. Interest is raised at 8.5% per annum, payable monthly and
escalating annually by 5%. The effective interest rate is 8.91%.
Commercial Notes Series 3
These commercial notes are unsecured and issued at a nominal
value of R1 000 000 each and have a maturity date of June 2020.
Interest is raised at 9% per annum, payable monthly and escalating
annually by 5%. The effective interest rate is 9,43%.
Commercial Notes Series 4
These commercial notes are unsecured and issued at a nominal
value of R1 000 000 each and have a maturity date of July 2020.
Interest is raised at 9% per annum, payable monthly and escalating
annually by 5%. The effective interest rate is 9,43%.
Commercial Notes Series 5
These commercial notes are unsecured and issued at a nominal
value of R1 000 000 each and have a maturity date of July 2022.
Interest is raised at 8.5% per annum, payable monthly and escalating
annually by 5%. The effective interest rate is between 8,88%.
Public offer
Issued with a minimum nominal value of R100 000 each on 1 January
2013 with a redemption date of 5 years and 1 day from issue date.
This was extended by 3 years to 1 January 2021. The commercial
notes bear interest at 8,75% per annum, escalating annually by 0.5%.
The effective interest rate is 9,17%.
2,343,748 3,081,246 - -
- 3,687,929 - -
5,433,337 6,451,496 - -
3,672,551 4,282,490 - -
8,439,187 9,785,974 - -
7,911,927 8,884,588 - -
10,000,000 10,300,000 - -
4,400,000 5,630,000 - -
9,000,000 9,000,000 - -
4,300,000 4,300,000 - -
5,000,000 5,000,000 - -
34,580,000 34,050,000 - -
125,701,293 142,185,205 - -
NVest Financial Holdings Limited | INTEGRATED ANNUAL REPORT 2020 109