Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2013)

Amended Code Series 100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Annexe 100 (E)

3. Calculation of Deemed Value
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3.1In calculating the "Deemed Value" referred to in Formula 4 below, the following formula applies:

 

Where

 

A is the Deemed Value

 

B for the purposes of Formula 4 below is the value of the Equity Instruments relevant to the calculation, determined on the date of measurement

 

B for the purposes of Formula 5 below is the value of the Equity Instruments relevant to the calculation, determined on the date of sale or loss

 

C for the purposes of Formula 4 below is the carrying value of any acquisition debts of the relevant Black participants on the date of measurement

 

C for the purposes of Formula 5 is the carrying value of any acquisition debts of the relevant Black participants on the date of sale or loss

 

D for the purposes of Formula 4 below is the value of the Measured Entity on the date of measurement

 

D for the purposes of Formula 5 below the value of the Black participants in the Measured Entity on the date of sale or loss

 

D for the purposes of the exclusion principle is the value of the measurable portion of the Measured Entity on the date of measurement