Affiliated Companies
Proportion |
Amount due |
|||||||
Issued |
held |
to/(by) |
||||||
ordinary |
by holding |
Shares |
holding |
|||||
share capital |
company |
at cost |
company |
|||||
2005 |
2004 |
2005 |
2004 |
2005 |
2004 |
2005 |
2004 |
|
R000 |
R000 |
% |
% |
R000 |
R000 |
R000 |
R000 |
|
| (A) Subsidiaries directly held | ||||||||
| Short term insurance companies | ||||||||
| SA Eagle Risk Financing Limited | 10,000 |
10,000 |
100 |
100 |
25,000 |
25,000 |
433 |
282 |
| Botswana Eagle Insurance Company Limited |
||||||||
| (incorporated in Botswana) | 14,425 |
9,003 |
100 |
100 |
14,359 |
14,359 |
224 |
361 |
| Eagle Insurance Company Limited | ||||||||
| (incorporated in Zimbabwe) | 711 |
711 |
49 |
49 |
1,151 |
1,151 |
969 |
1,597 |
| African General Insurance Company Limited |
1 |
1 |
99 |
99 |
6,967 |
6,967 |
485 |
– |
| General investment companies | ||||||||
| African Guarantee & Indemnity Company Limited |
1 |
1 |
100 |
100 |
1 |
1 |
(617) |
(617) |
| Property companies | ||||||||
| British African Properties Limited | 1,200 |
1,200 |
100 |
100 |
6,142 |
6,142 |
668 |
461 |
| Eagle Properties (Krugersdorp) | ||||||||
| (Proprietary) Limited ^ | 1 |
1 |
100 |
100 |
12 |
12 |
5,261 |
15,458 |
| Eagle Star House (Johannesburg) Limited ^ |
120 |
120 |
100 |
100 |
136 |
136 |
(358) |
261 |
| Surrey View (Proprietary) Limited ^ |
1 |
1 |
100 |
100 |
1 |
1 |
(295) |
601 |
| Waverley Properties (Proprietary) Limited ^ |
90 |
90 |
100 |
100 |
7 |
7 |
(2,151) |
(2,154) |
| Other | ||||||||
| Eagle Scape (Proprietary) Limited | 1,000 |
1,000 |
100 |
100 |
1,000 |
1,000 |
– |
– |
| SA Eagle Legal Expenses Underwriting Managers |
||||||||
| (Proprietary) Limited | 1 |
1 |
89 |
89 |
4,450 |
4,450 |
– |
– |
| Compuline Cables (Proprietary) Limited |
4 |
4 |
100 |
100 |
2,600 |
2,600 |
1,500 |
1,500 |
| SA Eagle Life Limited | – |
– |
100 |
100 |
10,000 |
10,000 |
– |
– |
| (B) Subsidiaries indirectly held | ||||||||
| Eagle Properties (Benoni) |
||||||||
| (Proprietary) Limited | – |
– |
100 |
100 |
– |
– |
– |
– |
| Eagle Properties (East London) | ||||||||
| (Proprietary) Limited ^ | 2 |
2 |
100 |
100 |
– |
– |
– |
– |
| Tarazed (Proprietary) Limited ^ | – |
– |
100 |
100 |
– |
– |
– |
– |
| Threadneedle Properties (SA) Limited ^ |
630 |
630 |
100 |
100 |
– |
– |
– |
– |
| Goldrush Investments | ||||||||
| (Proprietary) Limited # | – |
– |
100 |
100 |
– |
– |
585 |
958 |
| (C) Other | ||||||||
| SA Eagle Aviation Underwriting | ||||||||
| Managers (Proprietary) Limited | 1 |
1 |
50 |
50 |
– |
– |
– |
– |
| IDI Technology Solutions | ||||||||
| (Proprietary) Limited | 10 |
10 |
31 |
31 |
– |
– |
– |
– |
| Flexilink Systems (Proprietary) Limited |
4 |
4 |
33 |
33 |
– |
– |
– |
– |
| BnB Sure (Proprietary) Limited | 1 |
1 |
20 |
20 |
– |
– |
– |
– |
| Natal Lands Limited * | 240 |
240 |
50 |
50 |
3,295 |
3,295 |
– |
– |
| The aggregate taxed results of subsidiaries were as follows: | ||||||||
| Profits: R67,033,000 (2004 Restated: R59,895,000) | ||||||||
| Losses: R1,189,000 (2004 Restated: R3,005,000) | ||||||||
| * Shares held by British African Properties Limited | ||||||||
| # Shares held by Compuline Cables (Proprietary) Limited | ||||||||
| ^ Company is in the process of being deregistered | ||||||||