| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 2.3 |
|
| 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 Group1 |
Cigicell Proprietary Limited |
APS Group* |
Viamedia
Proprietary Limited2 |
Blue Label Data Solutions
Proprietary Limited |
| Principal place of business |
RSA |
RSA |
RSA and Nigeria |
RSA |
RSA |
| Segment |
SA Distribution |
SA Distribution |
International Distribution |
Mobile |
Solutions |
| NCI % |
2016
40
R’000
|
2015
40
R’000 |
2016
26
R’000 |
2015
26
R’000 |
2016
*
R’000 |
2015
*
R’000 |
2016
25
R’000 |
2015
25
R’000 |
2016
19
R’000 |
2016
19
R’000 |
| Non-current assets |
20 903 |
15 956 |
1 721 |
1 588 |
— |
— |
115 492 |
105 307 |
7 692 |
6 973 |
| Current assets |
33 008 |
22 744 |
644 525 |
468 758 |
61 |
38 |
92 447 |
57 220 |
72 942 |
36 825 |
| Total assets |
53 911 |
38 700 |
646 246 |
470 346 |
61 |
38 |
207 939 |
162 527 |
80 634 |
43 798 |
| Capital and reserves |
46 980 |
32 653 |
44 979 |
3 649 |
(130 471) |
(129 088) |
159 288 |
92 050 |
55 226 |
27 518 |
| Non-current liabilities |
964 |
791 |
3 366 |
1 643 |
60 245 |
51 700 |
16 222 |
16 560 |
1 471 |
680 |
| Current liabilities |
5 967 |
5 256 |
597 901 |
465 054 |
70 287 |
77 426 |
32 429 |
53 917 |
23 937 |
15 600 |
| Total equity and liabilities |
53 911 |
38 700 |
646 246 |
470 346 |
61 |
38 |
207 939 |
162 527 |
80 634 |
43 798 |
| Accumulated NCI3 |
18 792 |
13 061 |
11 695 |
949 |
(29 250) |
(29 187) |
39 822 |
23 013 |
10 493 |
5 228 |
| Summarised statement of comprehensive income for the period ended 31 May |
|
|
|
|
|
|
|
|
|
|
| Revenue |
68 856 |
54 040 |
207 924 |
217 564 |
— |
— |
186 575 |
153 754 |
155 881 |
100 170 |
| Total comprehensive income/(loss) for the year |
24 327 |
16 055 |
41 330 |
2 689 |
(1 383) |
(19 980) |
67 238 |
33 167 |
27 708 |
22 198 |
| Comprehensive income/(loss) allocated to NCI |
9 731 |
6 422 |
10 746 |
(4 853)4 |
(63) |
(7 688) |
16 810 |
8 292 |
5 265 |
4 217 |
| Summarised cash flows for the period ended 31 May |
|
|
|
|
|
|
|
|
|
|
| Cash flows from operating activities |
27 737 |
17 299 |
(15 097) |
28 017 |
(2 417) |
(19 539) |
35 667 |
33 929 |
24 628 |
26 398 |
| Cash flows from investing activities |
(11 278) |
(883) |
(410) |
(502) |
— |
— |
(2 242) |
(1 506) |
(194) |
(75) |
| Cash flows from financing activities |
(9 268) |
(21 817) |
3 506 |
(28 714) |
2 440 |
19 530 |
(2 725) |
(5 755) |
(24 848) |
(19 446) |
| Net (decrease)/increase in cash and cash equivalents |
7 191 |
(5 401) |
(12 001) |
(1 199) |
23 |
(9) |
30 700 |
26 668 |
(414) |
6 877 |
| Dividends paid to NCI |
4 000 |
— |
— |
1 330 |
— |
— |
— |
— |
— |
3 544 |
| 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. |
|
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 2.3 |
|
|