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Affiliated Companies
for the year ended 31 December 2006
| Issued | Proportion | Amounts | ||||||
| ordinary share | held by | due to/(by) | ||||||
| capital | holding company | Shares at cost | holding company | |||||
| 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | |
| 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 | 433 |
| Botswana Eagle Insurance | ||||||||
| Company Limited | ||||||||
| (incorporated in Botswana) | 14,425 | 14,425 | 100 | 100 | 14,359 | 14,359 | 224 | 224 |
| Eagle Insurance Company Limited | ||||||||
| (incorporated in Zimbabwe) | 711 | 711 | 49 | 49 | 1,151 | 1,151 | 969 | 969 |
| African General Insurance | ||||||||
| Company Limited | 1 | 1 | 99 | 99 | 6,967 | 6,967 | 485 | 485 |
| General investment company | ||||||||
| 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 | 668 |
| Eagle Properties (Krugersdorp) | ||||||||
| (Proprietary) Limited ^ | 1 | 1 | 100 | 100 | 12 | 12 | 5,261 | 5,261 |
| Eagle Star House (Johannesburg) | ||||||||
| Limited ^ | 120 | 120 | 100 | 100 | 136 | 136 | (358) | (358) |
| Surrey View (Proprietary) Limited ^ | 1 | 1 | 100 | 100 | 1 | 1 | (295) | (295) |
| Waverley Properties (Proprietary) | ||||||||
| Limited ^ | 90 | 90 | 100 | 100 | 7 | 7 | (2,151) | (2,151) |
| 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 | – | – |
^ Company is in the process of being deregistered
| Issued | Proportion | Amounts | ||||||
| ordinary share | held by | due to/(by) | ||||||
| capital | holding company | Shares at cost | holding company | |||||
| 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | 2006 | 2005 | |
| R000 | R000 | % | % | R000 | R000 | R000 | R000 | |
| (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 | 585 |
| (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:
| 2006 | 2005 | |
| R000 | R000 | |
| Profits | 41,451 | 67,033 |
| Losses | 2,219 | 1,189 |
| * | Shares held by British African Properties Limited |
| # | Shares held by Compuline Cables (Proprietary) Limited |
| ^ | Company is in the process of being deregistered |
