7. OTHER FINANCIAL ASSETS AND LIABILITIES
7.1 FINANCIAL ASSETS
7.1.1 Other financial assets
GROUP
Financial assets at fair value through other comprehensive
income
2020 2019
R’m R’m
2 5
Financial assets at fair value through other comprehensive income, at Senwes’ level, comprise an investment in
Suidwes Holdings Ltd of Rnil (2019: 564 599 shares at R5,71 per share). During the current financial year the investment
was fully impaired due to recoverability concerns relating to the investment.
Senwes did not dispose of any shares in Suidwes Holdings Ltd during the year (2019: 21 057 shares).
7.1.2 Other loans receivable
GROUP
2020
R’m
2019
R’m
Non-current assets
Non-current assets with related parties
Bastion Lime (Pty) Ltd 1 1 6
Non-current assets with third parties
Suidwes Investments (Pty) Ltd 5 509 -
Total non-current assets 510 6
Current assets
Interest-bearing loans to related parties
Bastion Lime (Pty) Ltd 1 6 6
Hinterland Holdings (Pty) Ltd 2 - 20
Non-interest-bearing loans to related parties
Hinterland SA (Pty) Ltd 3 30 30
Provision for impairment - Hinterland SA (Pty) Ltd (30) (30)
Silocerts (Pty) Ltd 4 1 2
Total current assets 7 28
Balance at the end of the year 517 34
1
Refer to note 7.1.2.1 below for details regarding the loans to Bastion Lime (Pty) Ltd.
2
The loan to Hinterland Holdings (Pty) Ltd is unsecured and bears interest at a prime-linked rate, which is repayable on
demand.
3
The loan to Hinterland SA (Pty) Ltd is unsecured, interest-free and is repayable on demand.
4
The loan to Silocerts (Pty) Ltd is unsecured, interest-free with no fixed repayment terms.
5
The term loan to Suidwes Investments (Pty) Ltd is secured, payable on 30 June 2021 and earns interest at a prime linked
rate. The loan is secured by properties, debtors, inventory and investments with an estimated realisable value of R750
million.
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 7.1.4 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.
Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 30