| Figures in million | 2011 | 2010 |
|---|---|---|
| SA Rands | ||
| Listed investments | ||
| Available-for-sale | ||
| Balance at beginning of year | 29 | – |
| Additions | 205 | 30 |
| Fair value adjustments | 13 | (1) |
| Impairments (note 4) (1) | (156) | – |
| Balance at end of year | 91 | 29 |
| Market value of listed investments | 91 | 29 |
The company’s listed available-for-sale equity investments are susceptible to market price risk arising from uncertainties about the future value of the investments.
At the reporting date, the majority of equity investments were listed on the Toronto Stock Exchange.
Based on the share price of First Uranium Corporation over the past year and carrying value at 31 December 2011 of R61m, if First Uranium Corporation achieved the high that it achieved during 2011 of C$1.43 per share, other comprehensive income (OCI) would increase by R471m. If it achieved the low of C$0.14 per share, OCI would decrease by R9m. If the decrease was significant, an other-than-temporary impairment would be recorded.
(1) Impairment of First Uranium Corporation shares of R144m (2010: nil) and Village Main Reef Limited shares of R12m (2010: nil).
| Figures in million | 2011 | 2010 |
|---|---|---|
| SA Rands | ||
| Unlisted investments | ||
| Available-for-sale | ||
| Balance at beginning of year | 1 | 2 |
| Disposals | – | (1) |
| Balance at end of year (2) | 1 | 1 |
| The available-for-sale investments consist primarily of the Chamber of Mines Building Company Limited. | ||
| Held-to-maturity | ||
| Balance at beginning of year | 14 | 14 |
| Balance at end of year | 14 | 14 |
| Book value of unlisted investment | 15 | 15 |
| The investment held-to-maturity consists of the Gold of Africa Museum. | ||
| Total other investments (note 31) | 106 | 44 |
(2) There is no active market for the unlisted equity investments and fair value cannot be reliably measured. The unlisted equity investments are carried at cost. The company does not intend to sell the investments in the foreseeable future.