Agribel Annual Financial Review | Page 34

AGRIBEL HOLDINGS LTD FINANCIAL REVIEW 2021
7.1.2 Other loans receivable
Non-Current assets Non-Current assets with related parties Bastion Lime ( Pty ) Ltd 1 - 1 - - Non-Current assets with third parties
GROUP
Suidwes Investments ( Pty ) Ltd 2
509
Total non-current assets
-
510
-
-
2021 R ' m
2020 R ' m
COMPANY 2021 R ' m
2020 R ' m
1
2
3
4
5
6 7 8 9 10
Current assets Interest-bearing loans to related parties Senwes Ltd 9
-
-
17
-
Bastion Lime ( Pty ) Ltd 1
4
6
-
-
Total interest-bearing loans to related parties
4
6
17
-
Interest-bearing loans to third parties Supreme Petfood ( Pty ) Ltd 3
5
-
-
-
Total interest-bearing loans to third parties
5
-
-
-
Non-interest bearing loans to related parties Hinterland SA ( Pty ) Ltd 4
-
30
-
-
Impairment provision - Hinterland SA ( Pty ) Ltd
-
( 30 )
-
-
Agribel Capital ( Pty ) Ltd 10
-
-
10
-
Silocerts ( Pty ) Ltd 5
-
1
-
-
Total non-interest bearing loans to related parties
-
1
10
-
-
Non-interest bearing loans to third parties Kathleho Investments ( Pty ) Ltd 6
4
-
-
-
Kimama Investments ( Pty ) Ltd 7
7
-
-
-
Mafabatho Family Farming Enterprise ( Pty ) Ltd 8
1
-
-
-
Total non-interest bearing loans to third parties
12
-
-
-
Total current assets
21
7
27
-
Balance at the end of the year
21
517
27
-
The loans to Bastion Lime ( Pty ) Ltd are unsecured , bear interest at prime-linked rates and are repayable in monthly instalments . The term loan to Suidwes Investments ( Pty ) Ltd is secured , bears interest at a prime-linked rate and is repayable on 31 July 2021 . The loan is secured by properties , debtors , inventory and investments with an estimated realisable value of R750 million . The loan to Supreme Petfood ( Pty ) Ltd is secured by a cession of debtors and pledge of inventory , bears interest at a primed-linked rate and is repayable on demand .
The loan to Hinterland SA ( Pty ) Ltd is unsecured , interest-free and is repayable on demand . The loan to Silocerts ( Pty ) Ltd is unsecured , interest-free with no fixed repayment terms . The loan to Kathleho Investments ( Pty ) Ltd is secured by shares held , interest-free and is repayable on demand . The loan to Kimama Investments ( Pty ) Ltd is secured by shares held , interest-free and is repayable on demand . The loan to Mafabatho Family Farming Enterprise ( Pty ) Ltd is unsecured , interest-free and is repayable on demand . The loan to Senwes Ltd is unsecured , bears interest at a prime-linked rate and are repayable on demand . The loan to Agribel Capital ( Pty ) Ltd is unsecured , interest-free and is repayable on demand .
Impairment of loans
Loans are evaluated to identify the presence of certain triggers , e . g . future cash flows discounted at market related rates , to determine if there is a need for an impairment allowance . All financial assets are assessed for expected credit losses . Refer to note 7.1.3 for the classification of these assets . Also refer to note 11.5 and 24.1.2 for more guidance on how expected credit losses may be calculated .
Investments in and loans to / from private companies The register of shares and loans to / from private companies is available for inspection at the registered office of the company .
32 AGRIBEL ANNUAL FINANCIAL REVIEW 2021 Agribel Holdings Limited Reg nr : 1996 / 017629 / 06