NOTES TO THE CONSOLIDATED ANNUAL FINANCIAL STATEMENTS l NOTE 36 |
|
|
|
2014
Rm |
|
|
2013
Rm |
|
36. |
Contingent liabilities |
|
|
|
|
|
|
Subsidiary companies have received summons for claims amounting to R16 million. The Group
and its legal advisors believe that these claims are unlikely to succeed. |
16 |
|
|
13 |
|
|
The Group has contingent liabilities in respect of guarantees issued to bankers and others, on behalf
of associates, for facilities in the normal course of business to the extent that they are used.
The utilisation of facilities was: |
84 |
|
|
71 |
|
|
Guarantees issued by Imperial Logistics International GmbH |
137 |
|
|
130 |
|
|
As part of the NAC sale in 2013 Imperial Holdings have issued a guarantee to secure vendor funding
for five years for R80 million. |
80 |
|
|
80 |
|
|
Except for the above claims, there is no current or pending litigation that is considered likely
to have a material adverse effect on the Group. |
|
|
|
|
|
|
|