| |
|
Issued |
|
|
2009 |
2008 |
| |
|
share |
2009 |
2008 |
Indebted- |
Indebted- |
| |
|
capital |
Cost |
Cost |
ness |
ness |
| Name of Subsidiary |
Note |
R |
Rm |
Rm |
Rm |
Rm |
| Trading Subsidiaries |
|
|
|
|
|
|
| Foschini Retail Group (Pty) Limited |
2, 3,
7 |
2 |
102,5 |
102,5 |
1 142,6 |
1 864,6 |
| Retail Credit Solutions (Pty) Limited |
2 |
18 200 |
– |
– |
– |
– |
| What U Want To Wear (Pty) Limited |
2 |
66 200 |
0,1 |
0,1 |
– |
– |
| Markhams (Pty) Limited |
2 |
1 |
– |
– |
– |
– |
| Fashion Retailers (Pty) Limited |
4 |
250 006 |
0,2 |
0,2 |
– |
– |
| Foschini Finance (Pty) Limited |
2,
6 |
6 |
– |
– |
219,9 |
– |
| Foschini Stores (Pty) Limited |
2,
6 |
1 |
– |
– |
528,6 |
528,6 |
| Foschini Swaziland (Pty) Limited |
5 |
2 |
– |
– |
– |
– |
| Foschini Investments (Pty) Limited |
2 |
10 |
– |
– |
– |
– |
| Pienaar Sithole and Associates (Pty) Limited |
2,
6 |
100 |
– |
– |
1,8 |
– |
| Total trading subsidiaries |
|
|
102,8 |
102,8 |
1 892,9 |
2 393,2 |
| Other* |
|
|
1,1 |
1,1 |
(0,9) |
(0,9) |
| Total |
|
|
103,9 |
103,9 |
1 892,0 |
2 392,3 |
| |
|
|
|
|
|
|
| |
|
|
|
|
2009 |
2008 |
| Summary |
|
|
|
|
Rm |
Rm |
| Investment in shares at cost |
|
|
|
|
103,9 |
103,9 |
| Amounts owing by subsidiaries – non-current portion |
|
1 142,6 |
1 864,6 |
| Total non-current portion |
|
|
|
|
1 246,5 |
1 968,5 |
| Amounts owing by subsidiaries – current portion |
|
749,3 |
527,7 |
| Total interest in subsidiaries |
|
|
|
|
1 995,8 |
2 496,2 |
| |
| Notes |
| 1. |
The company owns, directly or indirectly, all the ordinary shares in the subsidiaries listed above. |
| 2. |
Incorporated in South Africa |
| 3. |
Included is an amount of R102,5 (2008: R102,5) million representing the fair value of 102 500 R1 preference shares issued on 28 February 2002. The directors’ valuation thereof at 31 March 2009 is R102,5 (2008: R102,5) million. |
| 4. |
Incorporated in Namibia |
| 5. |
Incorporated in Swaziland |
| 6. |
The loan to subsidiary is unsecured, interest-free and no fixed date for repayment has been determined. |
| 7. |
The loan to subsidiary is unsecured, bears interest at rates determined from time to time and no fixed date for repayment has been determined. By mutual agreement the loan will not be repayable within the next 12 months. |
