Notes to the annual financial statements
for the year ended 31 December 2008
| Group | Company | ||||
| 2008 | 2007 | 2008 | 2007 | ||
| R’000 | R’000 | R’000 | R’000 | ||
| 18. | Revaluation reserves (non-distributable reserves) | ||||
| Movements in the revaluation reserve for available-for-sale reserves were as follows: | |||||
| At beginning of the year | 368,705 | 434,474 | 376,411 | 420,880 | |
| Revaluation – gross | (135,900) | 55,609 | (135,900) | 55,002 | |
| Impairment losses | 21,050 | – | 21,050 | – | |
| Revaluation – tax | 26,694 | (11,591) | 26,694 | (11,591) | |
| Net gains transferred to income statement on disposal | (98,342) | (87,880) | (98,342) | (87,880) | |
| Deferred taxation on disposal | 10,066 | – | 10,066 | – | |
| Translation of foreign subsidiaries | 8,767 | (21,907) | – | – | |
| At end of the year | 201,040 | 368,705 | 199,979 | 376,411 | |
