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  ANNUAL REPORT 2007  
PRINCIPAL SUBSIDIARIES – Annexure A    
 
 
at 30 September 2007
  Issued
capital
R (unless 
otherwise 
stated) 
Effective
percentage holding
Interest of holding company
Shares Indebtedness
2007 
2006 
2007 
Rm 
2006 
Rm 
2007 
Rm 
2006 
Rm 
ELECTRICAL ENGINEERING              
Circuit Breaker Industries Limited 46  100  100  —  —  —  (3,0)
Heinemann Holdings Limited 35 000  100  100  16,4  16,4  14,7  — 
Circuit Breaker Industries GmbH
(incorporated in Germany)
€ 25 565  100  100  —  —  —  — 
Circuit Breaker Industries Inc. (incorporated in USA) $50 000  100  100  —  —  —  — 
African Cables Limited 9 886 098  100  100  —  —  —  — 
Afcab Holdings (Pty) Limited 4 000  100  100  67,7  67,7  64,8  64,8 
ATC (Pty) Limited 751 197  74,9  74,9  130,0  130,0  —  — 
Reutech Engineering Services
(Pty) Limited
64 000  100  100  1,7  1,7  57,2  — 
CBI-electric Aberdare ATC Telecom Cables (Pty) Limited 378  37,5  100  —  —  77,9  — 
OFFICE SYSTEMS              
Nashua Limited 947 794  100  100  6,3  6,3  (14,3) (14,6)
Kopano Copier Company (Pty) Limited 100  74  74  1,5  1,5  15,0  14,4 
Royce Imaging Industries (Pty) Limited 100  100  100  —  —  (2,0) (3,8)
RC&C Finance Company (Pty) Limited*     16*  —  20,4  —  0,9 
Nashua Connect (Pty) Limited 1 000  100  100  —  —  4,4  4,2 
Nashua Holdings (Pty) Limited 2 000  100  100  —  —  17,9  (0,3)
Classic Number Trading 80
(Pty) Limited
100  51  —  —  —  —  — 
Algoa Office Automation
(Pty) Limited
200  51  —  —  —  1,8  — 
Circular Drive Property (Pty) Limited 200  51  —  —  —  —  — 
CONSUMER PRODUCTS AND SERVICES              
Nashua Mobile (Pty) Limited 9 741 983  100  100  267,8  267,8  3,2  3,1 
Nashua Electronics Limited 100  100  100  45,0  45,0  (22,5) (54,1)
NPC (Electronics) Limited 33 000  100  100  0,2  0,2  (3,9) (2,8)
NPC (Airconditioning) Limited 200 000  100  100  2,2  2,2  (0,5) — 
Pansolutions (Pty) Limited 1 000  74  100  —  —  0,4  (3,1)
Futronic (Pty) Limited 100  100  100  —  —  (0,3) (0,3)
RC&C Manufacturing Company
(Pty) Limited
100  100  100  —  —  (5,6) (2,4)
RC&C (Parow Factory) Properties (Pty) Limited 100  100  0,5  0,5  —  — 
Saco Systems Limited
(incorporated in UK)
£16 556  100  100  —  —  2,6  2,6 
Saco Systems (Pty) Limited 96 000  100  100  —  —  0,1  (2,0)
TELECOMMUNICATIONS              
Acuo Technologies (Pty) Limited 4 000  100  100  —  —  8,4  0,7 
REUTECH              
Fuchs Electronics (Pty) Limited 50 000  100  100  —  —  —  — 
RDI Communications (Pty) Limited 100  100  —  —  —  — 
Reutech Defence Industries
(Pty) Limited
600 000  100  100  0,3  0,3  0,4  0,4 
RDL Technologies (Pty) Limited 2 000  100  70  14,6  —  10,1  — 
Reutech Radar Systems
(Pty) Limited
200  100  57  42,5  8,6  0,4  0,8 
Reutech Limited 30 000 000  100  100  5,0  5,0  —  — 
INVESTMENTS AND SERVICES              
Reunert Finance Company Limited 4 000 000  100  100  4,0  4,0  (381,1) 331,4 
Bargenel Investments Limited   **  100  1 112,4  23,0  —  64,7 
Reunert Management Services Limited 4 000  100  100  —  —  (0,1) (0,1)
Sundry companies       5,0  5,0  (9,2) (10,0)
Investment in terms of a broad based share-based payment transaction encompassing group employees***       44,5  —  —  — 
        1 767,6  605,6  (160,2) 391,5 
Owing by (net)       (160,2) 391,5     
Provision for losses       (127,3) (116,5)    
Interest in subsidiaries       1 480,1  880,6     
*   In 2006 Reunert owned 16% of the total share capital, but 100% of the “A” shares, which is the class of shares entitled to share in the dividends of the company.
**   Reunert owns Bargenel’s entire issued cumulative “A” preference shares (1 112 405 shares of R0,01 each, issued at a premium of R999,99 per share). Reunert sold its investment in Bargenel’s ordinary shares during the year (refer to note 5 of the notes to annual financial statements).
***   In terms of IFRIC 11 – “Group and Treasury Share Transactions”, the share premium of R83,80 per share on the 530 900 shares issued (refer to note 23 of the notes to the annual financial statements and the directors’ report) has been allocated to Reunert’s investment in subsidiaries.
     
 
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