FIRST AND FINAL LIQUIDATION AND DISTRIBUTION ACCOUNT IN THE ESTATE OF THE LATE

MANDLA DI-ADLA, IDENTITY NUE4BER XXXXXXXXX, UNMARRIED, WHO RESIDED AT XXXXX

STREET, PRETORIA WHERE HE DIED ON 1 JANUARY 2018. MASTERS REFERENCE NUMBER
XXXXXXX
UQUIDATION ACCOUNT
ASSETS VmJch«. Armunt
Number
Immovable property — not reduced to cash
Erf 2012. situated in the township Four Ways, Registratjm
Division Gauteng. Held by Deed of Transfer no. T476/2011 dated xxxxx
At valuation (1) 500 000
Asset (1) awarded to Sihle Dladla, major son of the deceased in terrns of intestate
st-ccession

Immovable property — reduced to cash

None

Movable property — not reduced to cash

5000 shares in TLT (Pty) Ltd at valuation500 000
Asset (2) is awarded to Sihle Dladla, major son of the deceased in terms of intestate
succession

Movable property — reduced to cash

2011 Volvo xxx. Registration no. xxx. Sold by the executor (4) 250 000
2014 Mercedes Benz 220E. Registration no. xxx. Sold by the executor (5) 365 000
1000 shares in Buyani (Pty) Ltd. Sold by the executor (6) 90 000

Claims in favour of the estate

Proceeds of FNB current Account no. 060453 (7)
170 000
Furniture and household effects. Sold by the executor (3)750000
Proceeds of funeral policy no XXX paid by Avbob (8) 25 000
TOTAL ASSETS
LIABILITIES

Claims against the estate

Mortgage bond no 455/2011 held by Rand Bank Ltd over Erf 2012, asset I (9) so 000
Dr Khomo — medical account,43 COO SARS 2016 assessment 20 200
Funeral expenses — Assupol Undertakers30 000

Administration costs
Pretoria News — Advertisements
Debtors and Creditors (10)
Esdmated Rates on zset no 1 (1 Jau.Jary 2018 to 30 June m18) (19) 12000
Executors fee of R30 000 )1 800

Tobl expenses
Bdance available for distribution Awarded to: 16 mo
Sihle Dladla, majcr son of the deceased in terms intestate succession — R8100
Manto Dladla, major daughter of the deceased in terms of intestate succession — R8 100.
FIDUCIARY ASSETS ACCOUNT
There are no fiduciary assets to account for

ESTATE DUTY ADDENDUM

CALCULATION OF ESTAT DUTY PAYABLE
Total assets per liquidation account 2650000 Less: Liabilities before estate duty 255 086

2 394 914

Less: Rebate of R3.5 million - Section 4A of the Estate Duty Act 3500000
Dutiable amount -f 105 086
Estate duty at 20%
CERTIFICATE
I, the undersigned, certified that the above is a true and correct account of the liquidabon and distribution of this estate and
that to the best of my knowledge and belief there are no further assets and/or liabilities to be accounted for.
 I further certify that ail income collected and all expenses paid since date of death of the deceased up to and including the date
of this account have been accounted for heretn.

SIGNED at PRETORIA trus . day of . 2018

EXECUTOR
Thandi Noe
 1 300.00
18 70480
nil
-17 404.50

erms of clause 3 of the will 5 000.00

sed in terms of clause 4 of the will 000.00

:eased in terms of clause 5 of the 148

595.50

155 595.50
 150 000.00 15 000.00 1 000.00
on statement - 17 404.50
Asset (4) are transferred to LUCAS BOLO*' in terms of clause 3 of the
will
Asset (5) are transferred to PORCAS BOLO jip terms of dause of the wil
Claims in favour of the estate c
Proceeds of ABSA current account r
number 7654300 e
d
TOTAL ASSETS
i
LIABILITIES t
o
Claims against the estate
r
Funeral
s
expenses —
xxx t
Undertakers h
Administration costs i
Bank charges — estate s
bank account a
Local News c
— cost c
of o
adverti u
sement n
s t
debtor f
s and
 or BALANCE
inspect AVAILABLE
ion
Government
FOR
Gazett DISTRIBUTION
e 1 300.00
adverti (6)
sement
s 174
debtor 300.00
s and
credito 5 000.00
rs this (7) —5 000.00
accoun
t for 13 70450
inspect (8) 250.00
ion
(9) 150.00
Transfer costs fixed property (asset 1 above)
(10) 150.00
Masteds fee —
Executors fee op RI 74 300) (11) - 22.00
Sub total (12) 22.00
(13) 6 500.00
Estate duty (14) 510.00
TOTAL LIABILITIES 6 100,50
18 704.50
 Nil 155 595.50
18
704.50
TOTAL ASSETS AS ABOVE
 DISTRIBUTION ACCOUNT
Armnt avadaUe distribution 2394 914

Distrtnned as follows:
Sihle Dladla, major son of the deceased in terrns of intestate succession: 1 197 457 This award consists of:
Asset (1) R500 000
Asset (2) R500 000
Cash R197 457
Manto Dladla, major daughter of me deceased in terms of intestate succession: 1 197 457
This award consists of:
cash RI 197 457

INCOME Voucher.no Amount

(18) 30000
Rent collected (1 Feb 2018-31 March 2018)
Total income

EXPENSES
Esumated Rates on asset no 1 (1 January 2018 to 30 June 2018) (19) 12000
Executors fee (6% of R30 000 ) 1 800
INCOME AND EXPENDITURE ACCOUNT

Total expenses 16 200

Balance available for distribution Awarded to:
Sihie Dladla, major son of the deceased in terms intestate succession — R8100
Manto Dladla. major daughter of the deceased in terms of intestate succession — Rd 100.
FIDUCIARY ASSETS ACCOUNT
There are no fiduciary assets to account for
ESTATE DUTY ADDENDUM
CALCULATION OF ESTAT DUTY PAYABLE
Total assets per liquidation account 2650000 Less: Liabilities before estate duty 255 086

2 394 914

Less. Rebate of R3.S million Section 4A of tne Estate Duty Act 3600000
Dutiable amount -1 IOS 086
Estate duty at
CERTIFICATE
i. the underetgned. certified that tr.e above is a true and correct account of the itqutdatlon and dlStfibution of this estate and mat to the best ct
er assets and/or to be accounted fov.
DISTRIBUTION ACCOUNT