Financing facilities

for the year ended 28 February 2011

Standard Bank

ABSA Bank

Nedbank

Wesbank

Imperial
Bank

Mercedes
Benz
Financial
Services

Investec

IDC

Other

Total

R'000  

R'000  

R'000  

R'000  

R'000  

R'000

R'000  

R'000  

R'000  

R'000  

28 February 2011

Available facilities

General banking facilities

–  

–  

36 300  

–  

–  

–  

8 000  

–  

–  

44 300  

Asset based facilities

59 546  

76 232  

124 157  

–  

–  

2 319  

6 035  

130 000* 

27 183  

425 472  

59 546  

76 232  

160 457  

–  

–  

2 319  

14 035  

130 000  

27 183  

469 772  

Utilised facilities

General banking facilities

–  

–  

1 200  

–  

–  

–  

8 061  

–  

–  

9 261  

Asset based facilities

59 546  

76 232  

124 158  

–  

–  

2 319  

6 035  

–  

27 183  

295 473  

59 546  

76 232  

125 358  

–  

–  

2 319  

14 096  

–  

27 183  

304 734  

Security provided

Property, plant and equipment

77 895  

84 043  

137 320  

–  

–  

2 282  

15 348  

–  

30 355  

347 243  

General and special notarial bonds

150 000  

–  

50 000  

–  

–  

–  

–  

–  

–  

200 000  

Inventories

–  

–  

–  

–  

–  

–  

5 500  

–  

–  

5 500  

Trade and other receivables

102 115  

–  

34 808  

–  

–  

–  

7 200  

–  

–  

144 123  

Bank and cash balances (negative pledge)

–  

–  

63 519  

–  

–  

–  

–  

–  

–  

63 519  

330 010  

84 043  

285 647  

–  

–  

2 282  

28 048  

–  

30 355  

760 385  

28 February 2010

Available facilities

General banking facilities

–  

–  

71 000  

–  

–  

–  

8 000  

–  

–  

79 000  

Asset based facilities

121 226  

129 987  

275 477  

50 471  

18 861  

6 821  

7 539  

–  

12 177  

622 559  

121 226  

129 987  

346 477  

50 471  

18 861  

6 821  

15 539  

–  

12 177  

701 559  

Utilised facilities

General banking facilities

–  

–  

28 017  

–  

–  

–  

4 997  

–  

–  

33 014  

Asset based facilities

121 226  

129 987  

275 477  

50 471  

18 861  

6 821  

7 539  

–  

12 177  

622 559  

121 226  

129 987  

303 494  

50 471  

18 861  

6 821  

12 536  

–  

12 177  

655 573  

Security provided

Property, plant and equipment

119 389  

122 052  

267 119  

86 186  

18 792  

7 116  

13 080  

–  

15 826  

649 560  

General and special notarial bonds

150 000  

–  

132 000  

–  

–  

–  

38 000  

–  

–  

320 000  

Inventories

–  

–  

–  

–  

–  

–  

5 500  

–  

–  

5 500  

Trade and other receivables

–  

–  

132 141  

–  

–  

–  

7 200  

–  

–  

139 341  

Bank and cash balances (negative pledge)

–  

–  

106 159  

–  

–  

–  

2 721  

–  

–  

108 880  

269 389  

122 052  

637 419  

86 186  

18 792  

7 116  

66 501  

–  

15 826  

1 223 281  

* No draw downs were made against this facility during the period under review. The following security has been provided to the IDC:
a) A cession and pledge of the shares held by Buildmax in Diesel Power;
b) A cession of the shareholders loans in Diesel Power;
c) A general notorial bond of R50 million over all the assets of Diesel Power (including assets to be financed by the IDC);
d) A cession of any residual debtors.

Standard Bank

ABSA Bank

Nedbank Wesbank

Imperial Bank

Mercedes Benz Financial Services

 Investec IDC* Other

Guarantees and suretyships (including investment in subsidiaries, sub-ordination agreements and funds advanced to subsidiaries)

Buildmax Limited in respect of Diesel Power Open Cast Mining (Pty) Limited

Unlimited

Buildmax Limited in respect of Buildmax Equipment and Services (Pty) Limited and its subsidiary and Buildmax Aggregates and Quarries (Pty) Limited and its subsidiaries

Unlimited

Diesel Power Open Cast Mining (Pty) Limited

R200

million

Buildmax Limited in respect of Cast Industries
(Pty) Limited

Unlimited

Columbia DBL (Pty) Limited

R14 million

Cession of short-term insurance to cover assets under the general and specific bonds

Buildmax Equipment and Services (Pty) Limited
and its subsidiary

X

Buildmax Aggregates and Quarries (Pty) Limited and its subsidiaries

X

Cast Industries (Pty ) Limited

X

Columbia DBL (Pty) Limited

X

Diesel Power Open Cast Mining (Pty) Limited

X

Unlimited cross deed of suretyships (incorporating cession of loan funds - acknowledged and loan funds not advised)

Buildmax Equipment and Services (Pty) Limited and it subsidiary and Buildmax Aggregates and Quarries (Pty) Limited and its subsidiaries

X

Cession of Interest Rate Swap Agreement Proceeds

Diesel Power Open Cast Mining (Pty) Limited

X

Guarantees issued in favour of the Department of Mineral and Energy

Buildmax Aggregates and Quarries (Pty) Limited
and its subsidiaries

R 705 000

* Refer to footnote 1 on page 82