a(i): A summary of funds received and repaid is reflected in the table below, as per the records in the annual financial statements:
Financial Year |
Funds Received or Paid |
Initial capitalisation R3 137 million |
|
2003/4 |
R6 089 million shareholder loan advanced |
2004/5 |
R 4 000 million shareholder convertible loan |
2005/6 |
R 1 600 million of shareholder convertible loan repaid (balance of R2 400 million remained) |
2006/7 |
R 8 450 million of above loans was capitalised |
2007/8 |
R1 564 million subordinated loan raised. Capitalised in 2009/10 |
2017/18 |
R2 208 million recapitalisation (30 June 2017) |
a(ii): A summary of the Going Concern guarantees and utilisation towards loans or other purposes as is listed in the table below:
Guarantee Awarded |
Amount |
Utilisation |
Balance |
|
R’m |
R’m |
R’m |
Subordinated Loan – Nedbank (Mar 2007) |
1 300 |
1 300 |
Nil |
Going Concern Guarantee (Sep 2009) |
1 600 |
||
(Allocated to ATL, Sep ‘16) |
541 |
||
Working Capital Utilisation (Dec ’14) |
1 055 |
4 |
|
Going Concern Guarantee (Sep 2012) |
5 006 |
||
Working Capital Utilisation (Jul ’14) |
1 300 |
||
Working Capital Utilisation (Jul ’14) |
1 500 |
||
Working Capital Utilisation (Dec ’14) |
1 700 |
||
Working Capital Utilisation (Dec ’14) |
295 |
211 |
|
Going Concern Guarantee (Dec 2014) |
6 488 |
||
Working Capital Utilisation (Dec ’14) |
450 |
||
Working Capital Utilisation (Apr ‘15) |
1 500 |
||
Working Capital Utilisation (Jun ‘15) |
1 500 |
||
Working Capital Utilisation (Jun’16) Bridge |
1 000 |
2 038 |
|
Going Concern Guarantee (Sep 2016) |
4 720 |
||
General Short Term Banking Facilities (Dec’16) |
830 |
||
Working Capital Utilisation (Dec’16) Bridge |
1 292 |
||
Working Capital Utilisation (Mar‘17) Bridge |
757 |
||
LC and Guarantee Facilities (Mar’17) |
522 |
||
ATL Credit Card Exposure (Apr’17) |
768 |
||
Working Capital Utilisation (May‘17) Bridge |
104 |
447 |
|
TOTAL |
19 114 |
16 414 |
2 700 |