Notes to the annual financial statements

for the year ended 30 September

 
 
30.   TRANSFER OF BUSINESSES        
  2010        
  Transfer of cellphone repair centre        
  With effect from 1 January 2010, the net assets and business of the cellphone repair centre were transferred from the Fuchs division of Reunert Limited to the Reutech Solutions division of Reutech Limited at its net book value of R5,2 million.  
  Transfer of airconditioning business        
  With effect from 1 November 2009, the net assets and business of the Panasonic airconditioning business were transferred from the Pansolutions division of Reunert Limited to the Reutech Solutions division of Reutech Limited at its net book value of R12,8 million.  
  Net assets transferred   A  

Cellphone  
repair centre  
Rm  
B  
Air-  
conditioning  
business  
Rm  
(A and B) 


Company  
Rm  
  Property, plant and equipment and intangible assets   (1,7)  —   (1,7) 
  Inventory   (1,5)  (13,2)  (14,7) 
  Accounts receivable   (2,7)  (4,2)  (6,9) 
  Payables and provisions   0,7   4,6   5,3  
  Transfer value   (5,2)  (12,8)  (18,0) 
  No disposals were made by the group in 2010 or 2009.        
  No disposals or transfers were made by the company in 2009.