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COMPANY 2005 2006 R’000 R’000

GROUP 2006 R’000

2005 R’000

28. Investment income 361 759

Dividends from subsidiaries

Dividends received – other

24

1 041

25 321

Preference share dividend

25 321

1 041

2 092

2 587

Interest received

47 508

36 534

2 092

2 079

Interest on bank balances and short-term deposits

46 099

36 446

501

7

364 892

27 908

(3 631)

(10 476)

(3 178)

(10 476)

Joint ventures Other

251

1 158

88

72 853

37 575

(93 202)

(76 275)

29. Net financing costs Interest paid Long-term borrowings Bank overdrafts and short-term borrowings

Finance leases

(453)

Subsidiary companies

Other

(28 092)

(1 539)

(67)

— —

(6 123)

(87 292)

(69 714)

(82)

(143)

(348)

(295)

(28 092)

Net foreign exchange losses

(7 058)

(8 273)

Fair value gains/(losses) on financial instruments

14 793

(7 692)

– Cross-currency swap

4 334

(10 010)

– Forward exchange contracts

(1 414)

1 922

(6 584)

(36 713)

Preference share dividend

(5 480)

Notional interest on financial instruments Net finance costs above exclude financing costs of R0,4 million which have been capitalised during 2006 to capital work-in-progress (2005: R5,3 million).

115

Aspen Annual Report 2006

10 459

2 318

(122)

(7 198)

(113 681)

(99 438)

Profile for Aspen Holdings

Aspen Annual Report 2006  

Aspen Annual Report 2006