108 / 198
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
continued
For the year ended 31 May 2016
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
106
2.
Group composition
continued
2.3 Non-controlling interests
Set out below is the summarised financial information relating to each subsidiary that has non-controlling interests
that are material to the Group. The amounts disclosed for each subsidiary are before inter-company eliminations with
other companies in the Group.
Subsidiary
TJ Group
1
Cigicell Proprietary Limited
Principal place of business
RSA
RSA
Segment
SA Distribution
SA Distribution
2016
2015
2016
2015
NCI %
40
40
26
26
R’000
R’000
R’000
R’000
Non-current assets
20 903
15 956
1 721
1 588
Current assets
33 008
22 744
644 525
468 758
Total assets
53 911
38 700
646 246
470 346
Capital and reserves
46 980
32 653
44 979
3 649
Non-current liabilities
964
791
3 366
1 643
Current liabilities
5 967
5 256
597 901
465 054
Total equity and liabilities
53 911
38 700
646 246
470 346
Accumulated NCI
3
18 792
13 061
11 695
949
Summarised statement of comprehensive income
for the period ended 31 May
Revenue
68 856
54 040
207 924
217 564
Total comprehensive income/(loss) for the year
24 327
16 055
41 330
2 689
Comprehensive income/(loss) allocated to NCI
9 731
6 422
10 746
(4 853)
4
Summarised cash flows for the period ended
31 May
Cash flows from operating activities
27 737
17 299
(15 097)
28 017
Cash flows from investing activities
(11 278)
(883)
(410)
(502)
Cash flows from financing activities
(9 268)
(21 817)
3 506
(28 714)
Net (decrease)/increase in cash and cash
equivalents
7 191
(5 401)
(12 001)
(1 199)
Dividends paid to NCI
4 000
—
—
1 330
1
The TJ Group consists of Transaction Junction Proprietary Limited and Transaction Junction (Namibia) Proprietary Limited.
2
Viamedia Proprietary Limited was acquired 1 September 2014. The prior year results reflect the nine-month period ended May 2015.
3
Accumulated NCI excludes the share-based payment reserve adjustments.
4
The allocation of comprehensive income to the non-controlling shareholders of Cigicell Proprietary Limited commenced 1 April 2015.
* The APS Group consists of African Prepaid Services Proprietary Limited and African Prepaid Services Nigeria Limited. The NCI
percentage is 10% and 30.09% respectively.