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96
JOHN DANIEL HOLDINGS LIMITED AND ITS SUBSIDIARIES
INTEGRATED ANNUAL REPORT 2011
Notes to the Annual Financial Statements
- Continued
Annual Financial Statements for the 15 months ended 30 September 2011
16. Other financial liabilities
Group
Company
2011
2010
2011
2010
Held at amortised cost
Escalator Capital Limited
The term loan bears interest at 18% per annum and
capital and interest is repayble at the end of the 4 year
loan term. The loan is secured through a conversion
call option incorporated in the agreement whereby
the funder has the right to convert the entire loan to
equity as repayment.
13 476 773
-
8 734 640
-
Deciduous Fruit Producers Trust
The loan is unsecured, interest free and has no fixed
terms of repayment.
100 000
100 000
-
-
Cryo-Save AG
The loan is unsecured, interest free and has no fixed
terms of repayment.
805 105
-
-
-
Cryo-Save Labs
The loan is unsecured, interest free and has no fixed
terms of repayment.
185 407
-
-
-
Golden Oak Corporate Advisors (Pty) Limited
The loan bears interest at the bank prime overdraft
rate. The settlement of the loan through the issue of
shares is in terms of the conversion transaction ap-
proved by shareholders and announced in May 2010.
-
195 454
195 454
Loans from directors
The loan is unsecured, interest free and has no fixed
terms of repayment.
-
91 782
-
91 782
14 567 285
387 236 8 734 640
287 236
Non-current liabilities
At amortised cost
13 476 773
-
8 734 640
-