14.   MINING ASSETS VALUATION

14.10  

Valuation Adjustments Eyesizwe

The valuation adjustments include the following:

  • The value of unallocated corporate expenses. This is based on an assumption of unallocated corporate overheads being ZAR64m (in 1 January 2006 money terms). All costs are discounted at the WACC derived for the Material Properties; and
  • The Net debt position as at 31 December 2005 which is stated as ZAR123m.

Table 14.186 Summary of Valuation Adjustments – Eyesizwe
Valuation Adjustments Units Sub-total Total
Unallocated Corporate Expenses (ZARm)   (64)
Net debt at 31 December 2005 (ZARm)   (123)
Derivative instruments (ZARm)    
   Mark-to-market of Commodity Hedge Book at 31 December 2005 (ZARm)    
   Mark-to-market of Interest Rate Swaps at 31 December 2005 (ZARm)    
   Mark-to-market of Currency Contracts at 31 December 2005 (ZARm)    
Total (ZARm) – (187)


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