Notes to the Group annual financial statements

for the period ended 3 March 2013
    Group
    2013   2012  
    Rm   Rm  
12.   Participation in export partnerships      
  Balance at beginning of period   34.8   41.5  
  Current portion included in trade and other receivables   (6.7)  (6.7) 
  Balance at end of period   28.1   34.8  
  The Group participated in various export partnerships, the business of which was the purchase and export sale of marine containers. The partnerships bought and sold containers in terms of long-term suspensive purchase and credit sale agreements respectively, with repayment terms usually over a 10 to 15-year period.  
  The last trade took place in the 1999 financial year. The current balance disclosed in respect of participation in export partnerships is the remaining long-term receivable.  
  For fair value purposes, any impairment in the amounts due to the Group by virtue of its participation in export partnerships would result in a corresponding reduction in the carrying value of the related deferred tax liability. Consequently, such impairment would have no impact on the statement of comprehensive income of the Group.