Question NW2880 to the Minister of Energy

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02 October 2017 - NW2880

Profile picture: Dreyer, Ms AM

Dreyer, Ms AM to ask the Minister of Energy

What is the detailed (a) breakdown of and (b) valuation for current and non-current assets and investments held by (i) her department and (ii) each entity reporting to her according to (aa) listed assets (aaa) directly held and (bbb) indirectly held and (bb) unlisted investments (aaa) directly held and (bbb) indirectly held by each of the entities, in each case breaking the current assets and investments down by 0-3 months, 3-6 months, 6-12 months and beyond 12 months?

Reply:

(a) (i)Assets

As at

30 June 2017

2016/17 Financial Year

Current Assets

 

406 139

 

74 191

Non - Current Assets

 

2 235

 

2 238

Total Assets

 

408 374

 

76 429

 

(aa) Not applicable

(aaa) Not applicable

(bbb) Not applicable

(bb) Not applicable

National Nuclear Regulator

(a)& (b) Assets as at 31 March 2017

Current assets

105,208,582

Non-current assets

117,945,306

Total assets

223,153,888

  1. N/A
  2. National Nuclear Regulator

(aa) None

(aaa) None

(bbb) None

(bb) None

(aaa) None

(bbb) None

National Energy Regulator of South Africa

(a)& (b) Assets as at 31 March 2017

Current assets

223,219,605

Non-current assets

61,203,234

Total assets

284,422,839

  1. N/A
  2. National Energy Regulator of South Africa

(aa) None

(aaa) None

(bbb) None

(bb) None

(aaa) None

(bbb) None

National Radioactive Waste Disposal Institute

(a)& (b) Assets as at 31 March 2017

Current assets

11,155,377

Non-current assets

197,436

Total assets

11,507,813

  1. N/A
  2. National Radioactive Waste Disposal Institute

(aa) None

(aaa) None

(bbb) None

(bb) None

(aaa) None

(bbb) None

South African National Energy Development Institute

(a)& (b) Assets as at 31 March 2017

Current assets

300,509

Non-current assets

2,028

Total assets

302,537

  1. N/A

(ii) South African National Energy Development Institute

(aa) None

(aaa) None

(bbb) None

(bb) None

(aaa) None

(bbb) None

South African Nuclear Energy Corporation

(a)& (b) Assets as at 31 March 2017

Current assets

1,538,388

Non-current assets

4,559,727

Total assets

6,098,115

  1. South African Nuclear Energy Corporation SOC Limited (NECSA)

Investments - As per the Annual Financial Statements for 2016/17 as at 31 March 2017

Description

Direct/

Indirect

(aaa) / (bbb)

Current/

Non-Current

Value per Term:

     

0 – 3 Month

3 - 6 Months

6 – 12 Months

> 12 Months

 

R ’000

Listed Investments (aa)

NONE

           

TOTAL

         

Nil

             

Unlisted Investments (bb)

ARECSA Human Capital SOC Ltd

Direct

Non-Current

     

1

NTP Radioisotopes SOC Ltd

Direct

Non-Current

     

220,700

Pelchem SOC Ltd

Direct

Non-Current

     

42,001

TOTAL

         

262,702

             

Listed Investments (aa)

           

NONE

           

TOTAL

         

Nil

             

Unlisted Investments (bb)

           

NTP Logistics SOC Ltd

Indirect

Non-Current

     

51

NTP Radioisotopes Europe SA

Indirect

Non-Current

     

0

AEC Amersham SOC Ltd

Indirect

Non-Current

     

27,226

Gammatec NDT Supplies SOC Ltd

Indirect

Non-Current

     

16,764

Gammatec Aseana NDT Supplies SDN BHD

Indirect

Non-Current

     

1,023

Gammatec Middle East General Trading Liability Co

Indirect

Non-Current

     

0

Limited Electronics South Africa SOC Ltd

Indirect

Non-Current

     

26

Gamwave (Pty) Ltd

Indirect

Non-Current

     

0

Oserix

Indirect

Non-Current

     

145

TOTAL

         

42,235

             

Other Financial Assets

           

Other Financial Assets reflected on the Annual Financial Statements include investments in Sanlam, Old Mutual and Unit Trusts to the value of R222,772, that are offset by corresponding Liabilities such as Fuel and Waste Decontamination Cost.

TOTAL

         

Nil

  1. CEF (SOC) Ltd

(a)& (b) Assets as at 31 March 2017

 

Billion

Current Assets

19,791,916

Non-current Assets

13,280,164

Total Assets

33,160,719

 

*The difference is R88, 639,000.00 which can be attributed to the value of PASA which has been Hived-Off to the Department of Mineral Resources.

(i) N/A

(ii) CEF Group-

(aa) Listed Assets

CEF does not own listed assets. All its assets are in companies where CEF has voting rights

and the assets are not valued at market value. Majority of CEF assets are accounted for at cost

and the financial assets such as debtors are held at amortised cost.

(aaa) None

(bbb) None

(bb) Unlisted Investments

(aaa) The total value of all the assets held by the CEF Group at 31 March 2017 was R33, 160,719,000 billion.

(bbb) The cash for the CEF group amounts to R17billion and the money is invested in the short-

term accounts. EQF has R1.2billion and its cash is also invested in the short-term accounts. All investments ranges between 3 to 6 months.

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