Notes to the Company financial statements
for the period ended

		364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm
5.	INVESTMENTS IN SUBSIDIARIES AND TRUST
5.1	Pick n Pay Stores Limited
5.1.1	Investments in subsidiaries and trust
	Shares at cost
	Major trading subsidiary
	Pick n Pay Retailers Proprietary Limited	2.0	2.0
	Trust
	The Pick n Pay Employee Share Purchase Trust	—	—
	Other subsidiaries	36.6	36.3
	Total investments in subsidiaries and trust	38.6	38.3
5.1.2	Amounts owing by subsidiary companies
	At beginning of period	463.6	725.4
	Amounts advanced/(received) during the period	295.2	(261.8)
	At end of period	758.8	463.6
	Refer to note 8.1.3 for a detailed analysis
	These amounts owing are unsecured and no fixed rate for repayment has been determined. The non-current portion is interest-free and the current portion earns interest at a rate equal to the unsecured 3-month corporate paper, issued under the Company’s Domestic Medium Term Note Programme (refer to note 7).
	Total investments in subsidiaries and trust
	Non-current	97.4	101.9
	Current	700.0	400.0
		797.4	501.9
5.2	Pick n Pay Holdings Limited RF
5.2.1	Investment in subsidiary
	Pick n Pay Stores Limited
	257 345 334 (2013: 257 345 334) ordinary shares
	Comprising:
	Initial investment	24.7	24.7
	Capitalisation share awards received	103.3	103.3
	Total investment in subsidiary	128.0	128.0
5.2.2	Amount owing by subsidiary companies
	Refer to note 8.2.2 for a detailed analysis	1.9	2.7
	These amounts owing are unsecured, interest-free and no fixed rate for repayment has been determined.
	Total investment in subsidiary	129.9	130.7