Notes to the Group Annual Financial Statements | Note 2.5

2. GROUP COMPOSITION
2.5 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              Blue Label
Data
Solutions
South Africa
Solutions 		            
Principal place of business Segment  TJ Group1
South Africa
Africa
Distribution 		       Cigicell Proprietary
Limited2
South Africa
Africa Distribution 
NCI (%) 2024 
40 
R’000 		    2023 
40 
R’000 		    2024 
19 
R’000 		    2023 
19 
R’000 		    2024 
26 
R’000 		    2023 
26 
R’000 
Non-current assets  88 544     70 230     69 344     40 901     25 644     30 948 
Current assets  59 039     66 202     60 558     86 034     563 364     727 738 
Total assets  147 583     136 432     129 902     126 935     589 008     758 686 
Capital and reserves  93 550     96 921     82 241     70 076     195 086     229 433 
Non-current liabilities  8 761     15 642     1     1 496     —     — 
Current liabilities  45 271     23 869     47 660     55 363     393 923     529 253 
Total equity and liabilities  147 582     136 432     129 902     126 935     589 009     758 686 
Accumulated NCI3  39 679     41 489     15 626     13 314     50 722     59 653 
Summarised statement of comprehensive income for the year ended 31 May                                  
Revenue  134 252     147 346     224 253     257 811     267 327     252 934 
Total comprehensive income for the year  (4 543)    20 990     47 141     22 133     23 353     33 428 
Comprehensive income allocated to NCI  (1 817)    8 396     8 957     4 205     6 072     8 397 
Summarised cash flows for the year ended 31 May                                  
Cash flows generated from/(utilised in) operating activities  22 272     39 324     24 688     18 375     58 631     (15 851)
Cash flows (utilised in)/ generated from  (19 264)    36 089     (35 402)    (20 959)    (58 319)    638 
Cash flows generated from financing activities  7 604     2 166     10 363     3 626     48 740     10 370 
Net increase/ (decrease) in cash and cash equivalents  10 612     77 579     (351)    1 042     49 052     (4 843)
Dividends paid to NCI  —     —     6 650     4 750     14 999     — 
1 The TJ Group consists of Transaction Junction Proprietary Limited and Transaction Junction (Namibia) Proprietary Limited.
2 Cigicell Proprietary Limited includes its subsidiary, Visual Revenue Management Proprietary Limited (VRM).
3 Accumulated NCI excludes the share-based payment reserve adjustments because the awards are treated as cash-settled in the separate entities’ financial statements.