Page 155 - GSA Annual Report / Jaarverslag 2013

153
FINANSIËLE STATE
FINANCIAL STATEMENTS
2013 2012
R R
5. Trust funds 5. Trustgelde
Commodity Levy Fund
(refer to note 9) 15 914 334 18 130 474
Heffingsfonds (verwys na
aantekening 9)
Absa Bank Limited – investment
@ face value 6 787 341 9 898 582
Absa Bank Beperk – belegging
@ sigwaarde
Investment with regards to
Levy Fund – Sanlam 9 126 993 -
Belegging ten opsigte van
Heffingsfonds – Sanlam
Investment with regards to Levy Fund
– cash underwritten by Grain SA - 8 231 892
Belegging ten opsigte van Heffingsfonds
– kontant onderskryf deur Graan SA
Legal Aid Fund
(refer to note 9) 4 427 946 4 501 754
Regshulpfonds (verwys na
aantekening 9)
Investments @ Corporate
Money Managers 3 494 422 3 494 422 Belegging by Corporate Money Managers
Provisions for depreciation (3 494 422) (3 494 422) Voorsiening vir waardedaling
Portion of Sanlam portfolio carried
over from Grain SA investments
(refer to note 4) 4 427 946 4 501 754
Gedeelte van Sanlam-portefeulje
oorgedra vanaf Graan SA-beleggings
(verwys na aantekening 4)
Funds held for
recapitalisation programme 4 098 117 42 951 562
Fondse gehou vir die
herkapitaliseringsprogram
Total 24 440 397 65 583 790 Totaal
Corporate Money Managers were placed under
curatorship during the 2009 period. Grain SA’s mandate
was not executed in terms of the contract and money was
invested in properties instead of money markets. The fund
was closed on 3 April 2009. It is management’s
assessment, based on the curator’s reports, that 100%
of the value of the investment is irrecoverable. The
investment was ceded to the curators of the CMM fund
during the previous year for the purpose of funding
further legal action against the trustees.
Corporate Money Managers is gedurende die 2009-
periode onder kuratorskap geplaas. Graan SA se
mandaat is nie toegepas volgens kontrak nie en beleggings
wat in die geldmark belê moes word, is onder andere in
eiendomme belê. Die fonds is gesluit op 3 April 2009. Dit
is die siening van bestuur, gegrond op kuratorsverslae, dat
100% van die waarde van die belegging oninbaar is. Die
belegging is gedurende die vorige jaar gesedeer aan die
kurators van die CMM fonds ter befondsing van verdere
regstappe teen die trustees.
AANTEKENINGE TOT DIE GEKON-
SOLIDEERDE FINANSIËLE STATE
vir die jaar geëindig 30 September 2013
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
for the year ended 30 September 2013