Principal subsidiaries – Annexure A

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  Issued
capital
R
(unless other-
wise stated)
Effective
percentage
holding
Interest of holding
company
Shares
Indebtedness
2013
%
2012
%
2013
Rm
2012
Rm
2013
Rm
2012
Rm

CBI-ELECTRIC

     
CBI-electric: energy cables
     
Afcab Holdings (Pty) Ltd1 4 000
100
100
67,7
67,7
34,4
34,4
African Cables (Pty) Ltd 9 886 098
100
100
ATC (Pty) Ltd 845 010
89,9
89,9
48,0
48,0
Reutech Engineering Services (Pty) Ltd 64 000
100
100
1,7
1,7
174,5
174,5
CBI-electric: low voltage
     
Circuit Breaker Industries GmbH (incorporated in Germany) Euro 25 565
100
100
Circuit Breaker Industries Inc. (incorporated in USA) $50 000
100
100
Circuit Breaker Industries Lesotho (Pty) Ltd (incorporated in Lesotho) Moloti 1 000
100
100
(115,6)
(95,5)
Circuit Breaker Industries Qwa Qwa (Pty) Ltd 200
100
100
(7,8)
(7,8)
Circuit Breaker Industries (Pty) Ltd 46
100
100
(61,0)
(37,7)
Heinemann Electric (incorporated in Australia) AUD 2
100
100
Heinemann Holdings (Pty) Ltd 35 000
100
100
16,4
16,4
(4,5)
(4,5)
CBI-electric: telecom cables
     
CBI-electric Aberdare ATC Telecom Cables (Pty) Ltd (Joint venture) 378
45
45

NASHUA

     
Pansolutions
     
Futronic (Pty) Ltd 100
100
100
NPC (Airconditioning) Ltd 200 000
100
100
2,2
2,2
NPC (Electronics) (Pty) Ltd 33 000
100
100
0,2
0,2
Pansolutions (Pty) Ltd 1 000
100
100
0,2
0,2
(4,2)
(7,3)
Pansolutions Holdings (Pty) Ltd 100
100
100
45,0
45,0
(59,5)
(56,5)
Nashua Mobile
     
Nashua Mobile (Pty) Ltd 9 741 983
100
100
267,8
267,8
Blue Lake Telecoms (Pty) Ltd 10 000
100
100
Nashua Office Automation
     
Acuo Technologies (Pty) Ltd 4 000
100
100
70,0
62,1
Algoa Office Automation (Pty) Ltd 200
65
51
Circular Drive Property (Pty) Ltd 200
51
51
Classic Number Trading 80 (Pty) Ltd 100
51
51
Kopano Solutions Company (Pty) Ltd 1 100
74
74
12,8
15,4
Nashua Holdings (Pty) Ltd 2
100
100
(3,8)
5,9
Nashua (Pty) Ltd 947 794
100
100
6,3
6,3
(30,1)
(20,4)
Royce Imaging Industries (Pty) Ltd 100
100
(3,4)
Santogyn (Pty) Ltd 100
60
60
Zevoli 151 (Pty) Ltd 100
51
51
Bridoon Trade and Invest 197 (Pty) Ltd 100
100
100
PWC Office Automation (Pty) Ltd 100
51
51
Just Jasmine Investments 201 (Pty) Ltd 120
51
51
Main Street 1052 (Pty) Ltd 100
100
Main Street 1051 (Pty) Ltd 100
100
100
Quince
     
Quince Capital Holdings (Pty) Ltd 794 919
100
100
812,7
812,7
Quince Capital (Pty) Ltd 694
100
100
0,3
0,3
Nashua Communications
     
Nashua Communications (Pty) Ltd1 100
100
100
12,2
12,2
175,9

REUTECH

     
Reutech (Pty) Ltd 30 000 000
80
80
4,0
4,0
Fuchs Electronics
     
Fuchs Electronics (Pty) Ltd 50 000
100
100
(19,8)
(17,5)
Reutech Defence Industries (Pty) Ltd 600 000
100
100
0,3
0,3
Reutech Communications
     
Reutech Communications (Pty) Ltd 2
100
100
Reutech Radar Systems
     
Reutech Radar Systems (Pty) Ltd 200
100
100
42,5
42,5
Reutech Solutions
     
Reutech Solutions (Pty) Ltd 2 000
100
100
14,6
14,6
RC&C Manufacturing
     
RC&C (Parow Factory) Properties (Pty) Ltd 2
100
100
0,5
0,5
RC&C Manufacturing Company (Pty) Ltd 100
100
100

INVESTMENTS AND SERVICES

     
Reunert Finance Company (Pty) Ltd 4 000 000
100
100
4,0
4,0
1 335,1
1 481,1
Reunert Executive Services (Pty) Ltd 1 200 000
100
100
Reunert Management Services (Pty) Ltd 4 000
100
100
Reunert Connect (Pty) Ltd 1 000
100
100
97,0
78,6
Sundry companies  
3,3
3,3
(11,5)
(11,5)
Investment in terms of a broad-based share-based payment transaction encompassing group employees2      
43,6
44,5

SPECIAL PURPOSE ENTITIES

     
Bargenel Investments Ltd3  
1 112,4
1 112,4
Moshate Technology Holdings (Pty) Ltd4        
100,0
100,0
 
2 605,6
2 606,5
1 582,2
1 590,2
Provision for impairment        
(120,2)
(120,7)      
Interest in subsidiaries  
2 485,4
2 485,8  
Amounts owing by subsidiaries to Nashua ECN  
6,9      
Amounts owing by subsidiaries to Reunert Company, excluding Nashua ECN
(refer to Note 12)
 
1 900,0
1 845,4      
Amounts owing by subsidiaries to Reunert Company in total  
1 900,0
1 852,3  
Amounts owing to subsidiaries (refer to Note 12)        
(317,8)
(262,1)      
         
1 582,2
1 590,2      
1 Reunert Limited has subordinated its loan accounts with these subsidiaries for a period of one year from the signature date of the annual financial statements or until the assets of the subsidiaries, fairly valued, exceed their liabilities.
2 In terms of IFRIC 11 – Group and Treasury Share Transactions, the share premium of R83,80 per share on the 530 900 shares issued has been allocated to Reunert’s investment in subsidiaries.
3 Reunert owns Bargenel’s entire issued cumulative “A” preference shares (1 112 405 shares of R0,01 each, issued at a premium of R999,99 per share). Reunert sold its investment in Bargenel’s ordinary shares in 2007.
  Reunert has not recognised its accrued preference share interest accrual receivable and revenue with Bargenel. Revenue is recognised if it is probable that any future economic benefit associated with the item of revenue will flow to the entity. The interest accrual receivable is not considered recoverable due to the insolvent position of Bargenel at 30 September 2013 and hence the accrued portion of the interest is not expected to flow to the entity.
4 Reunert owns Moshate’s entire issued cumulative “A” preference shares (100 000 000 shares of R0,01 each, issued at a premium of R0,99 per share).