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8. Other financial assets
Figures in Rand
Group
Company
2011
2010
2011
2010
At fair value through profit or loss-designated
Afrisan Limited
3 000 000 ordinary shares (3%)
1
1
1
1
Adsila Trading (Pty) Limited (Dormant)
20 ordinary shares (20%)
20
20
20
20
21
21
21
21
Loans and receivables
Micro Credit loans
The Micro Credit loans originate from the purchase of Visacom
(Pty) Limited. Viscacom provides financial services and prod-
ucts to the unbanked and marginalised sectors of the South
African economy. The loans are granted at various interest
rates as governed by the National Credit Act. The loans are
limited to a maximum capital loan of R20 000 and the repay-
ment terms vary from short term 1 month loans to a maximum
repayment period of 24 months.
4 591 543
-
-
-
Cryo-Save South Africa (Pty) Limited (Oldco)
The loan is unsecured, interest free and is repayable at the
discretion of the directors.
85 502
-
-
-
Total other financial assets
4 677 045
-
-
-
4 677 045
21
21
21
Non-current assets
At fair value through profit or loss- designated
21
21
21
21
Loans and receivables
2 322 831
-
-
-
2 322 852
21
21
21
Current assets
Loans and receivables
2 354 214
-
-
-
4 677 066
21
21
21
Credit quality of other financial assets
The micro credit loan book comprises entirely of loans that are
repaid through pay roll deductions. The credit policy includes
the affordability assessment and other credit control criteria.
At 30 September 2011 the loan book contained limited arrears
performing debt and no non-performing debt.