PROPERTY, PLANT AND EQUIPMENT
At 31 March 2008 the group’s investment in property, plant and equipment amounted to R4,5 billion, compared with R4,1 billion
last year. Details are reflected in note 4 of the consolidated annual financial statements.
Capital commitments at 31 March 2008 amounted to R642 million (2007: R887 million). Further capital expenditure to the
amount of R782 million has been approved by the boards of directors of the various group companies, but has not been contracted
for as of 31 March 2008.
DIVIDENDS
The board recommends that a dividend of 180 cents per N ordinary share be declared (2007:
156 cents) and 36 cents per
A ordinary share (2007: 31 cents).
GROUP
Naspers Limited is not a subsidiary of any other company. The name, country of incorporation and effective financial percentage
interest of the holding company in each of the Naspers group’s principal subsidiaries are disclosed in note 7 to the consolidated
annual financial statements. All subsidiaries, significant associated companies and joint ventures share the same financial year-end
as the holding company, except for Tencent Holdings Limited, Abril S.A. and Port.ru Inc., which have a 31 December year-end. The
holding company’s interest in the aggregate amount of profit after tax earned by subsidiaries totalled R3,0 billion (2007: R1,8 billion)
and its interest in the aggregate losses after tax amounted to Rnil (2007: Rnil).
Details relating to significant acquisitions and divestitures in the group are highlighted in note 3 to the consolidated annual
financial statements.
DIRECTORS, SECRETARY AND AUDITOR
The directors’ names and details are presented here, and the secretary’s name and business and postal address are
presented here. Directors’ shareholdings in the issued share capital of the company are disclosed in note 13 to the consolidated annual financial statements.
PricewaterhouseCoopers Inc. will continue in office as auditor in accordance with section 270(2) of the South African
Companies Act, 1973.
BORROWINGS
The company has unlimited borrowing powers in terms of its articles of association.
SUBSEQUENT EVENTS
The group announced on 2 June 2008 that it is initiating an auction process of MWEB, its internet service provider business.
Signed on behalf of the board: |
