Affliated Companies
for the year ended December 31, 2007 |
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|
|
|
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Amount due |
||||||||||
Issued ordinary |
Proportion held by |
to/(by) holding |
||||||||
share capital |
holding company |
Shares at cost |
company |
|||||||
2007 |
2006 |
2007 |
2006 |
2007 |
2006 |
2007 |
2006 |
|||
R000 |
R000 |
% |
% |
R000 |
R000 |
R000 |
R000 |
|||
| (A) Subsidiaries directly held | ||||||||||
| Short-term insurance companies | ||||||||||
| Zurich Risk Financing SA Limited (formerly SA Eagle Risk Financing Limited) | 10,000 |
10,000 |
100 |
100 |
25,000 |
25,000 |
– |
433 |
||
| Botswana Eagle Insurance Company Limited (incorporated in Botswana) | 14,425 |
14,425 |
100 |
100 |
14,359 |
14,359 |
– |
224 |
||
| Eagle Insurance Company Limited (incorporated in Zimbabwe) | 711 |
711 |
49 |
49 |
1,151 |
1,151 |
1,084 |
969 |
||
| African General Insurance Company Limited ^ | 1 |
1 |
99 |
99 |
6,967 |
6,967 |
308 |
485 |
||
| General investment companies | ||||||||||
| African Guarantee & Indemnity Company Limited ^ | 1 |
1 |
100 |
100 |
1 |
1 |
(636) |
(617) |
||
| Property companies | ||||||||||
| British African Properties Limited | 1,200 |
1,200 |
100 |
100 |
6,142 |
6,142 |
(3,801) |
668 |
||
| Eagle Properties (Krugersdorp) (Proprietary) Limited ^ | 1 |
1 |
100 |
100 |
12 |
12 |
5,266 |
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 |
(317) |
(295) |
||
| Waverley Properties (Proprietary) Limited ^ | 90 |
90 |
100 |
100 |
7 |
7 |
(2,151) |
(2,151) |
||
| Other | ||||||||||
| Escape Premium Collection (Proprietary) Limited | 1,000 |
1,000 |
100 |
100 |
1,000 |
1,000 |
122 |
– |
||
| Zurich Legal Expenses Underwriting Managers SA (Proprietary) Limited (formerly SA Eagle Legal Expenses Underwriting Managers (Proprietary) Limited) |
1 |
1 |
89 |
89 |
4,450 |
4,450 |
– |
– |
||
| Zurich Life SA Limited (formerly 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 |
– |
– |
616 |
585 |
||
| (C) Other | ||||||||||
| Zurich Aviation UnderwritingManagers SA (Proprietary) Limited(formerly SA Eagle AviationUnderwriting 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 |
– |
– |
– |
– |
||
| The aggregate taxed results of subsidiaries were as follows: | ||||||||||
| Profits | 32,875 |
41,451 |
||||||||
| Losses | 137 |
2,219 |
||||||||
* Shares held by British African Properties Limited ^ Company is in the process of being deregistered
