Umsobomvu Youth Fund Annual Report 2006 - Nyda
Umsobomvu Youth Fund Annual Report 2006 - Nyda
Umsobomvu Youth Fund Annual Report 2006 - Nyda
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GuaranteesLoanbalanceswithrelated partybefore Liabilityimpairment balancesInterestincomeRoyaltyincomeFrontendfeesOtherexpenseswithrelatedpartiesImpairmenton loanswith relatedpartyNote 3R1,6m(2005:R1,3mNoneR114k(2005:R102k)R90k(2005:R25k)R24k(2005:R70k)NoneNoneNote 4R3,2m(2005:R3,3m)NoneNone(2005:R341k)None(2005:R244k)None(2005:R200k)NoneR3,2m(2005:R2,5m)Note 3R1m(2005:R1m)NoneR86k(2005:R5k)R101k(2005: Nil)Nil(2005:R20k)NoneNoneNote 3R4,2m(2005: Nil)NoneR296k(2005: Nil)R150k(2005: Nil)R130k(2005: Nil)None R129k 14(2005: Nil)m = million k = thousandNote 1 – Cession of debtors and favourable bank balance – Personal surety – Pledge in session of shares and loans – Cession of insurances– Mortgage over property – General/Special Notarial Bond.Note 2 – Cession of debtors and favourable bank balance – Personal surety – Pledge in session of shares and loans – Cession of insurances.Note 3 – Cession of debtors and favourable bank balance – Personal surety – Pledge in session of shares and loans – Cession of insurances– General/Special Notarial Bond.Note 4 – Cession of insurance policies, receivables and favourable bank accounts and General Notarial Bond.14 This relates to the impairment of the investment and the loan to the subsidiary in company financial statements.<strong>Umsobomvu</strong> <strong>Youth</strong> <strong>Fund</strong> <strong>2006</strong> Financial Statements79