New Clicks Holdings Limited Annual Report 2003 Seven year review
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Interest in Subsidiary Companies

    Ordinary 
issued 
            Shares at cost less
            amounts written off
            Amounts owing
           (to)/by subsidiaries
Name of company and nature of business Country of 
incorporation 
share 
capital 
2003 
R’000 
2002 
R’000 
2003 
R’000 
2002 
R’000 
Directly held            
(i) Trading            
   New Clicks South Africa (Pty) Ltd South Africa  R500  272 439  272 439  (29 443) (44 511)
   The Link Investment Trust South Africa    14 790  14 790  15 000  15 000 
(ii) Property owning            
   Elsdon Investments (Proprietary) Limited South Africa  R1  3 911  3 911  –  – 
   Crantock Investments (Proprietary) Limited South Africa  R1  44  44  –  – 
   Optimprops 93 (Proprietary) Limited South Africa  R100  13  13  –  – 
   Flamborough Investments (Proprietary) Limited South Africa  R1  –  –  –  – 
   Clicks Centurion (Proprietary) Limited South Africa  R10  –  –  9 000  9 000 
(iii) Holding            
   New Clicks International Holdings NV Belgium  BEF607.7 million  4 331  4 331  –  – 
   New Clicks Australia (Proprietary) Limited Australia  *A$67.2 million  393 039  393 039  –  – 
   Indirectly held            
(i) Trading            
   Clicks Stores (Western Cape) (Proprietary)            
   Limited South Africa  R1 000  –  –  –  – 
   Safeway (Swaziland) (Proprietary) Limited Swaziland  E2  –  –  –  – 
   Clicks Stores (Lesotho) (Proprietary) Limited Lesotho  M1 000  –  –  –  – 
   Safeway (Namibia) (Proprietary) Limited Namibia  N$100  –  –  –  – 
   Price Attack Franchising (Proprietary) Limited Australia  A$103  –  –  –  – 
   New Clicks Australia Services (Proprietary)            
   Limited Australia  A$1   –  –  –  – 
   The Priceline Unit Trust and            
   The Second Priceline Unit Trust Australia    –  –  –  – 
   The House Unit Trust Australia    –  –  –  – 
   The Clicks Group Finance Company            
   (Proprietary) Limited South Africa  R1  –  –  –  – 
   New United Pharmaceutical Distributors            
   (Proprietary) Limited South Africa  R10  –  –  37 199  – 
   Multicare Pharmaceutical Benefits            
   Management (Proprietary) Limited South Africa  R4 000  –  –  –  – 
   Multicare Western Cape (Proprietary) Limited South Africa  R100  –  –  –  – 
   Intercare Managed Healthcare            
   (Proprietary) Limited South Africa  R100  –  –  –  – 
(ii) Name protection and dormant            
   22 companies (2002: 22 companies)     –  –  –  – 
(iii) Holding            
   Musica (Africa) Holdings Limited South Africa  R246 029  –  –  –  – 
   Clicks Stores Holdings (Proprietary) Limited South Africa  R68  –  –  –  – 
   Multicare Health Centres (Proprietary) Limited South Africa  R1 000  –  –  –  – 
   New Clicks Australia (Proprietary) Limited Australia  A$28.2 million  –  –  36 352  555 
      688 567  688 567  68 108  (19 956)
   Shares at cost less amounts written off     688 567  688 567     
   Amounts owing by/(to) subsidiary companies     68 108  (19 956)    
   Net interest in subsidiaries     756 675  668 611     
All subsidiary companies are wholly-owned, other than Intercare Managed Healthcare which is 80% owned.
New Clicks Holdings has a 56% interest in The Link Investment Trust.
The loan to The Link Investment Trust is interest free, unsecured and is repayable in annual instalments, not exceeding 10% of the underlying profit of the entity. The loan to New Clicks Australia bears interest at a variable rate, is unsecured and has no fixed date of repayment. All other loans are interest free, unsecured and no fixed dates of repayment have been determined.
* Cumulative redeemable preference shares
             

 

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