Kumba Annual Report 2005

Annual Report 2005

Corporate information >> Financial information >> Business operations >> Shareholders' information >> Sustainable development >>

Business operations review Summary of business operations

Shareholders' information Shareholders' analysis Notice of AGM Directors seeking re-election Administration and diary Form of proxy (PDF)

Group review at a glance Kumba's geographical locations Group operational structure Group profile Our values Approach to sustainable development Business objectives Chairman's statement Chief executive's review Empowerment transaction Macro-economic review Commodity review Growth Review of mineral resources
and reserves Legislative compliance Executive committee Directorate Corporate governance Risk management

Financial highlights Financial review Cash value added statement Supplementary information Selected group financial data Definitions Directors' responsibility Certificate by company secretary Report of independent auditors Report of the directors Directors' remuneration Income statements Balance sheets Cash flow statements Group changes in equity Company changes in equity Annexure 1 Annexure 2 Annexure 3

Economic summary Safety, health and environmental management summary Social summary Report scope Assurance report GRI index

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ANNEXURE 1:

NON-CURRENT INTEREST-BEARING BORROWINGS

	Final	Rate of interest		Rate of interest
	repayment	per year		per year
	date	(payable half-yearly)		(payable half-yearly)		GROUP		COMPANY
		2005		2004			Restated		Restated
		Fixed	Floating	Fixed	Floating	2005	2004	2005	2004
		%	%	%	%	Rm	Rm	Rm	Rm
LOCAL
Unsecured loans
	2005			13,210			200		200
	2006		8,850		9,180	42	125	42	125
	2008		7,060		7,600	250	250	250	250
	2008	12,410		12,410		256	340	256	340
						548	915	548	915
Secured loans
	2005			14,939	1		13
	2008	13,830		13,830	2	185	244
	2010	14,200		14,200	3	685	774
	2013	7,850		7,850	4	9	9
						879	1 040
FOREIGN
Unsecured loans (US$)
	2007		5,240		3,2405	632	565	632	565
	2008	7,850			6	1
	2011	6,640	7,320	6,920	7	589	595
						1 222	1 160	632	565
Total non-current
interest-bearing
borrowings (note 24)						2 649	3 115	1 180	1 480

1.	Capitalised lease agreement secured by machinery, plant and equipment with a book value of R1 million (2004: R49 million).
2.	Dedicated project finance facility, for Ticor South Africa KZN (Pty) Limited secured by notarial bond over property, plant and equipment with a book value of R955 million (2004: R945 million).
3.	Dedicated project finance facility for Ticor South Africa (Pty) Limited secured by notarial bond over property, plant and equipment with a book value of R1 949 million (2004: R2 019 million).
4.	Dedicated Mineral Development Fund finance facility for Rosh Pinah Zinc Corporation (Pty) Limited secured by notarial bond over property, plant and equipment with a book value of R20 million (2004: R24 million).
5.	US$150 million revolving credit facility of which US$100 million has been drawn at 31 December 2005.
6.	Finance lease agreement in respect of computer equipment with a book value of A$0,298 million.
7.	US$60 million senior notes issued by Ticor Finance (A.C.T.) Pty Limited, an entity controlled by Ticor Limited, and a syndicated loan facility of US$60 million, of which US$33 million was drawn on 31 December 2005.