Integrated Reports Senwes Financial Review 2018 - Page 27

FINANCIAL REVIEW Impairment of loans 4.1.2.2 The business model, statement of financial position, statement of cash flows, profit potential and contractual terms will be evaluated to determine if there is a need for an impairment provision. JD Implemente (Pty) Ltd | continued 2017 GROUP AND COMPANY R’m Investments in and loans to/from private companies The register of shares and loans to/from private companies is available for inspection at the registered office of the company. 4.1.2.1 Short-term portion Long-term portion Total 4 27 31 Total capital outstanding Grasland Ondernemings (Pty) Ltd A detailed register of these loans is available for inspection at the registered office of the company. 2018 GROUP AND COMPANY R’m Total capital outstanding Short-term portion Long-term portion Total 3 3 6 A detailed register of these loans is available for inspection at the registered office of the company. The loans bear interest at prime-linked rates. Most of the loans are adequately secured. This includes bonds over properties in George, Bredasdorp and Swellendam as well as a cession over trade receivables and a session over the shares that are held by the Tomlin- son Family Trust. The loans are repayable in various monthly instalments. 4.1.3 CASH AND SHORT-TERM DEPOSITS GROUP The loans bear interest at prime-linked rates. The loans are secured by equipment and a cession over trade receivables. The loans are repayable in monthly instalments with the last payments due between February 2020 and June 2021. Cash and short-term deposits 2017 GROUP AND COMPANY R’m Total capital outstanding Long-term portion Total 3 7 10 2017 R’m 2018 R’m 2017 R’m - 14 - - 4.2.1 OTHER LOANS PAYABLE GROUP The loans bear interest at prime-linked rates. The loans are secured by equipment and a cession over trade receivables. The loans are repayable in monthly instalments with the last payments due between February 2020 and June 2021. Current interest-bearing loans from related parties Certisure group 1 Hinterland SA (Pty) Ltd 2 Molemi Sele Management (Pty) Ltd 3 JD Implemente (Pty) Ltd Grainovation (Pty) Ltd 4 Senwes Capital (Pty) Ltd 5 Total Short-term portion Long-term portion Total 3 26 29 1 2 A detailed register of these loans is available for inspection at the registered office of the company. 3 The loans bear interest at prime-linked rates. Most of the loans are sufficiently secured. It includes bonds over properties in George, Bredasdorp and Swellendam as well as a cession over trade receivables. The loans are repayable in various monthly instalments. 4 5 COMPANY 2018 R’m 2017 R’m 2018 R’m 2017 R’m 24 18 24 18 3 - 16 - - 25 - - 43 43 16 - - 25 - 24 43 67 3 - The loan from Certisure group is unsecured, has no fixed repayment terms and bears interest at a prime-linked rate. The loan from Hinterland SA (Pty) Ltd is unsecured, has no fixed repayment terms and bears interest at a prime-linked rate. The loan from Molemi Sele Management (Pty) Ltd is unsecured, has no fixed repayment terms and bears interest at a prime-linked rate. The loan from Grainovation (Pty) Ltd is unsecured, has no fixed repayment terms and bears interest at a prime-linked rate. FRg&6VvW26FGFB2V6V7W&VB2fVB&WVBFW&2B&V'2FW&W7@B&RƖVB&FRd4$UdUp#u$UB4吥.( ХFF6FWG7FFp4吣#.( УB"f6Ɩ&ƗFW06'BFW&Ч'FFWFVB&Vv7FW"bFW6R22f&Rf"7V7FBFR&Vv7FW&VBff6RbFP6B" #p