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Content
Highlights Accounting policies
Letter to shareholders Income statements
Board and governance structure Balance sheets
Group overview Cash flow statements
Building and developing people Notes to the cash flow statements
Corporate governance Statement of changes in equity
Value added statement Notes to the annual financial statements
Segmental analysis Principal subsidiaries
Five-year financial review Share ownership analysis
Summary of statistics Shareholders' diary
Definitions Corporate administration and information
Directors' responsibility Notice of annual general meeting
Report of the independent auditors Currency conversion table
Secretaries' certification Proxy form
Statutory information  

Principal subsidiaries Annexure A
   

Issued capital R
(unless otherwise stated)

 

Effective percentage holding

 

Interest of holding company

       

Shares

 

Indebtedness

      2003
%
  2002
%
  2003
Rm
  2002
Rm
  2003
Rm
  2002
Rm

OFFICE SYSTEMS                            
Nashua Limited   947 794   100   100   6,3   6,3   (13,1)   (9,4)
Royce Imaging Industries (Pty) Limited   100   100   100           18,3   18,3
RC&C Finance Company (Pty) Limited   4 000   10*   10*   13,0   13,0   (0,5)   (0,9)
Nashua Connect (Pty) Limited (formerly IQ Works (Pty) Limited)   1 000   100   50         10,0

CONSUMER PRODUCTS AND SERVICES
Nashua Mobile (Pty) Limited 9 741 983 100 100 267,8 267,8 0,5
Reunert Consumer and Commercial Holdings Limited 100 100 100 45,0 45,0 (43,1) (43,1)
NPC (Electronics) Limited 33 000 100 100 0,2 0,2 1,2 (2,7)
NPC (Airconditioning) Limited 200 000 100 100 2,2 2,2 (5,3) (0,7)
Pansolutions (Pty) Limited 100 100 100 (2,4) (1,0)
Futronic (Pty) Limited 100 100 100 0,3
RC&C Manufacturing Company (Pty) Limited 100 100 100 (2,1)
RC&C (Parow Factory) Properties (Pty) Limited 2 100 100 0,5 0,5
Saco Systems Limited (incorporated in the UK) 16 556 100 100 3,8 5,2
Saco Systems (Pty) Limited 96 000 100 100 (0,2) (0,7)

INFORMATION AND COMMUNICATION TECHNOLOGIES
Acuo Technologies (Pty) Limited 4000 100 100 (1.4) (0,5)

REUTECH
Fuchs Electronics (Pty) Limited 50 000 100 100
Reutech Defence Industries (Pty) Limited 600 000 100 100 0,3 0,3 0,4 0,4
Reunert Defence Logistics (Pty) Limited 2 000 70 70 (0,2) 4,9
Reutech Radar Systems (Pty) Limited 200 57 57 8,6 8,6 0,9
Reutech Limited 30 000 000 100 100 5,0 5,0 0,5

ELECTRICAL ENGINEERING
Circuit Breaker Industries Limited 46 100 100 3,8
Heinemann Holdings Limited 35 000 100 100 16,4 16,4
Circuit Breaker Industries GmBH (incorporated in Germany) 25 565 100 100
Circuit Breaker Industries Inc. (incorporated in the USA) $50 000 100 100
African Cables Limited 9 886 098 50 50
Afcab Holdings (Pty) Limited 4 000 50 50 99,9 99,9
ATC (Pty) Limited 316 458 74,9
Reutech Engineering Services (Pty) Limited 32 000 74,9 100 0,6 0,8 8,7

INVESTMENTS AND SERVICES
Reunert Finance Company Limited 4 000 000 100 100 4,0 4,0 177,1 (120,2)
Bargenel Investments Limited 7 100 100 168,0 168,0 (12,9) (104,3)
Reunert Management Services Limited 4 000 100 100 (0,1) (0,1)
Sundry 5,1 5,2 3,4 (12,3)

543,0 543,3 235,0 (154,7)

Indebtedness (net) 235,0 (154,7)
Provision for goodwill write-off (45,9) (45,9)
Provision for losses (47,9) (38,2)

Interest in subsidiaries 684,2 304,5

* Reunert Limited owns 10% 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.

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Copyright - Reunert - 2003