ANNUAL REPORT 2008
  FINANCIAL STATEMENTS
 
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ANNEXURE 1
NON-CURRENT INTEREST-BEARING BORROWINGS
 
  Final  
repayment  
date  		   Rate of
interest per
year (payable
half-yearly)
2008		   Rate of
interest per
year (payable
half-yearly)
2007		     GROUP   COMPANY  
      Fixed  
%  		 Floating  
%  		   Fixed  
%  		 Floating  
%  		     2008  
Rm  		   2007  
Rm  		   2008  
Rm  		 2007  
Rm  
LOCAL                                
Unsecured loans                                
  2009       1,780       6,890   1     109     151        
  2009       14,980             167            
  2011       14,140             5            
  2012       12,570       12,360       300     300     300   300  
  2013       13,480       12,460       150     150     150   150  
  2013       13,480             415         415    
  2013       13,480             675         675    
  2013       13,580             675         675    
  2013       13,480             125         125    
  2013       13,580             125         125    
  2013       13,480             224         224    
  2013       13,580             224         224    
  2016       14,350       12,300       143     80        
                    3 337     681     2 913   450  
Secured loans                                
  2011     12,130       12,130     2     2     3        
  2011     17,490       17,490     3     2     2        
  2012     11,420       11,420     4     1     1        
  2013     13,540       13,540     5     10     11        
  2025     8,330       8,330     6     24     25        
  2026     10,710       10,710     7     13     13        
  2031     22,200       22,200     8     84     81        
  2032     32,930       32,930     9     115     106        
                    251     242        
FOREIGN                                
Unsecured loans (US$)   2016     6,640       6,640     10     561     408        
                    561     408        
FOREIGN                                
Secured loan (AU$)   2010     7,850       7,850     11     1     2        
                    1     2        
Total non-current   interest-bearing borrowings (refer note 21)                     4 150     1 333     2 913   450  
 
1 The interest is based on US PPI and settled in rand based on the USD/ZAR exchange rate. The PPI NACS on 31 December 2008 is 1,78% (31 December 2007 6,89%).
 
Finance leases recognised due to IFRIC 4 Determining whether an Agreement contains a Lease:  
2 Finance lease agreement between Exxaro Sands (Pty) Limited and Mhlathuze Water in respect of a plant with a book value of
R2 million (2007: R2 million).
3 Finance lease agreement between FerroAlloys (Pty) Limited and African Oxygen Limited (Afrox) in respect of machinery and equipment with a book value of R0 million (2007: R0 million).
4 Finance lease agreement between Exxaro Sands (Pty) Limited and Eskom in respect of buildings with a book value of R1 million (2007: R1 million).
5 Finance lease agreement between Exxaro TSA Sands (Pty) Limited and Air Products in respect of a plant with a book value of
R6 million (2006: R8 million).
6 Finance lease agreement between Exxaro TSA Sands (Pty) Limited and Mhlathuze Water in respect of a plant with a book value of R21 million (2007: R23 million).
7 Finance lease agreement between Exxaro TSA Sands (Pty) Limited and Eskom in respect of buildings with a book value of
R14 million (2007: R14 million).
8 Finance lease agreement between Exxaro Sands (Pty) Limited and Kusasa Bulk Terminals (Phase 1) in respect of a plant with
a book value of R45 million (2007: R47 million).
9 Finance lease agreement between Exxaro Sands (Pty) Limited and Kusasa Bulk Terminals (Phase 2) in respect of a plant with
a book value of R49 million (2007: R51 million).
10 US$60 million senior notes issued by Ticor Finance (A.C.T) Pty Limited, an entity controlled by Exxaro Australia Sands Pty Limited, and a syndicated loan facility of US$60 million,of which US$0 million was drawn on 31 December 2008
(US$17 million 31 December 2007).
11 Finance lease agreement in respect of computer equipment with a book value of R1 million (2007: R2 million).
 
   
   
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