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The Bidvest Group Limited
Annual report 2006
Commentary
Value added statement
Exchanges with government
Directors’ responsibility for
the financial statements
Declaration by company secretary
Report of the independent auditors
Directors’ report
Accounting policies
Consolidated income statement
Consolidated statement
of recognised income and
expenses
Consolidated cash flow statement
Consolidated balance sheet
Notes to the consolidated financial statements
Company income statement
Company cash flow statement
Company balance sheet
Notes to the Company
financial statements
Interest in subsidiaries, joint ventures and associates
 
Notes to the Company financial statements
for the year ended June 30
 
    2006 
R’000 
  2005 
R’000 
9. Interest in associates      
  Listed 56 272    48 715 
  Unlisted 78 727    37 460 
    134 999    86 175 
  Interest free advances 20 095    – 
    155 094    86 175 
         
  Market value of listed associates 213 186    141 321 
  Directors’ value of unlisted associates 131 216    86 431 
    344 402    227 752 
  Details of major associates are reflected in the Interest in subsidiaries,
joint ventures and associates
section.
     
 
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