Notes to the company annual financial statements

for the year ended 30 September 2008

		2008	2007	2006
		Rm	Rm	Rm
4.	Long-term financial assets
	Interest in subsidiaries – opening balance		10 675	8 707
	Prior year adjustment		(1 006)	(1 006)
	Interest in subsidiaries – restated balance	8 805	9 669	7 701
	Unlisted investments	5	5	5
	Other derivatives	27	29	30
	Barloworld Share Purchase Scheme^#		28	20
		8 837	9 731	7 756
	Interest in subsidiaries
	Shares as originally stated (group note 37)	531	3 319	985
	Amounts owing by subsidiaries (group note 37)	8 398	7 733	7 541
		8 929	11 052	8 526
	Amounts owing to subsidiaries (group note 37)	(124)	(1 383)	(825)
		8 805	9 669	7 701
	Fair value of unlisted investments – directors’ valuation	5	5	5

	# Barloworld Share Purchase Scheme

Included are loans to executive directors for the purchase of shares amounting to R7.7 million (2007: R8.6 million, 2006: R17 million). The loans are secured by pledge of the shares and are repayable within 10 years of granting of the option or within nine months of death or immediately on ceasing to be an employee, except in the case of retirement. Interest rates vary in accordance with the terms and provisions of the trust deed and range from 8.85% to 12% (2007: 4.39% to 10%, 2006: 3.17% to 8.5%).

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