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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
continued
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
102
2.
Group composition
continued
2.1 Investments in and loans to associates and joint ventures continued
The Group’s interests in its other associates, which are unlisted, are as follows:
Country of
incorporation
Non-
current
assets
R’000
Current
assets
R’000
2016
Lornanox Proprietary Limited
South Africa
40 464
111 732
Mpower Softcomm Private Limited
India
20 958
15 819
2015
Lornanox Proprietary Limited
South Africa
—
6 000
Mpower Softcomm Private Limited
India
17 700
7 288
Forensic Intelligence Data Solutions Proprietary Limited South Africa
1 328
3 063
The Group’s interests in its other joint ventures, which are unlisted, are as follows:
Country of
incorporation
Non-
current
assets
R’000
Current
assets
R’000
2016
Supa Pesa South Africa Proprietary Limited
South Africa
148
4 618
Banosign Proprietary Limited
South Africa
118
5 356
Datacision Proprietary Limited
South Africa
— 15 654
2015
Supa Pesa South Africa Proprietary Limited
South Africa
142
1 186
Datacision Proprietary Limited
South Africa
*
14 513
* Less than R1 000.
Loans to associates and joint ventures
Interest
rate
2016
R’000
2015
R’000
Oxigen Services India Private Limited
LIBOR + 1.50%
38 359
29 552
2DFine Holdings Mauritius*
10%
234 892
163 634
Supa Pesa South Africa Proprietary Limited
11%
7 307
7 900
Banosign Proprietary Limited
0%
1 638
—
282 196
201 086
* Refer to note 8 for details on the surety relating to this loan.
The loans are neither past due nor impaired with a low risk of default.
The loans to associates and joint ventures are repayable on demand.