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For the year ended 31 May 2016
169
BLUE LABEL INTEGRATED ANNUAL REPORT 2016
6.
Investments in Group companies and related loans
continued
6.2 Investments in and loans to joint ventures and associates continued
Assets
R’000
Liabilities
R’000
Revenues
R’000
Loss
R’000
2016
Blue Label Mexico S.A. de C.V.
338 163
129 495 4 016 614
(130 024)
Lornanox Proprietary Limited
152 196
97 626
149 044
(11 389)
Banosign Proprietary Limited
5 474
6 238
2 414
(764)
2015
Blue Label Mexico S.A. de C.V.
334 270
94 773 3 526 421
(186 156)
Lornanox Proprietary Limited
—
—
—
—
2016
R’000
2015
R’000
7.
Loan receivable
Interest-bearing loan receivable
115 678
80 672
115 678
80 672
Interest-bearing loans earn interest at 10% per annum.
The loans receivable are neither past due nor impaired with a low risk of default. Loan receivable balance is from a
related party (refer to note 21).
NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS
continued