Notes to the Company financial statements | Note 14
for the year ended 31 December 2010

14. FINANCIAL INSTRUMENTS                
14.1 Accounting classifications and fair values                
        Total      
Loans and   Amortised   carrying   Fair  
      receivables   cost   amount   value  
      Rm   Rm   Rm   Rm  
    December 2010                
    Current                
    Trade and other receivables 87   —   87   87  
    Cash and cash equivalents 4   —   4   4  
      91   —   91   91  
    Current                
    Trade and other payables —   147   147   147  
      —   147   147   147  
    December 2009                
    Current                
    Trade and other receivables 142   —   142   142  
    Cash and cash equivalents 2   —   2   2  
      144   —   144   144  
    Current                
    Trade and other payables —   92   92   92  
      —   92   92   92  

14.2   Credit risk                
    The following instruments give rise to credit risk:                
          December
2010
Rm		       December
2009
Rm		  
    Cash and cash equivalents     4       2  
    Trade and other receivables     87       142  
          91       144  

14.3   Liquidity risk                
    The following liquid resources are available:                
          December
2010
Rm		       December
2009
Rm		  
    Cash at bank and on hand; net of overdrafts     4       2  
    Trade and other receivables     87       142  
          91       144  

          Carrying
amount
Rm		       Payable within
1 month or
on demand
Rm		  
    December 2010                
    Current liabilities                
    Trade and other payables                
    – Trade payables from related parties     101       101  
    – Accrued expenses and other payables     48       48  
          149       149  
    December 2009                
    Current liabilities                
    Trade and other payables                
    – Trade payables from related parties     77       77  
    – Accrued expenses and other payables     15       15  
          92       92  

14.4   Interest rate risk      
    At the reporting date the interest rate profile of the Company’s interest-bearing financial instruments were      
        Variable rate
instruments
Rm		  
    December 2010      
    Financial assets      
    Bank and cash   4  
    December 2009      
    Financial assets      
    Bank and cash   2