GROUP
2001
2002
Figures in million
SA Rands
F I N A N C I A L S TAT E M E N T S
2002
2001
US Dollars
34 43
32 73
77
105
110
16 Investments in associates (continued) Non-current liabilities Current liabilities
4 8
3 4
Total equity and liabilities
12
7
128
Net assets
15
9
110 41
128 37
Reconciliation of the carrying value of investments in associates with net assets: Net assets Goodwill
15 4
9 4
151
165
Carrying value
19
13
17 Other investments Listed investments Balance at beginning of year Additions Disposals Fair value adjustments Translation
11 152 (158) 7 1
– 14 – – (3)
3 124 (3) – 7
131 1,757 (1,824) 60 (14)
131
110
Balance at end of year
13
11
131
110
Market value of listed investments
13
11
52 4 (1) – 20
75 1 (15) (1) (23)
Unlisted investments Balance at beginning of year Additions Disposals Fair value adjustment Translation
6 – (1) – (1)
7 – – – (1)
75
37
Balance at end of year
4
6
75
37
Directors’ valuation of unlisted investments
4
6
– 67 2
69 – (19)
Investment properties Balance at beginning of year Impairment reversal per income statement Translation
6 – –
– 6 –
69
50
Balance at end of year
6
6
69
50
Directors’ valuation of investment properties
6
6
275
197
Total other investments
23
23
275
197
Total valuation (note 35)
23
23
ANGLOGOLD LIMITED ANNUAL REPORT 2002
91