Details of the group’s other investment at the end of the reporting period are as follows:
| |
|
|
Place of
incorporation
and operation |
|
Proportion of ownership
interest |
|
| Name of investment |
|
Principal activity |
2017
% |
|
| AttAfrica SA Proprietary Limited (AttAfrica SA) |
|
Provides asset management and consulting services to AttAfrica |
South Africa |
|
37,5 |
|
37,5 |
|
The acquisition date of the investment was 14 July 2014.
Although Hyprop has a 37,5% interest, it neither participates on the board of AttAfrica SA, nor does it have significant influence over the entity. Therefore the investment is not an associate, nor is it equity accounted. The investment is carried at cost.
| |
2017
R000 |
|
| Balance at beginning of the year |
(2) |
|
(2) |
|
| Balance at end of the year |
(2) |
|
(2) |
|
(2) Value less than R1 000
No impairment was recognised during the current year.
The numbers below reflect 100% of AttAfrica SA:
| |
2017
R000 |
|
| Statement of financial position – AttAfrica SA |
|
|
|
|
| Total assets |
15 161 |
|
11 711 |
|
| Non-current assets |
1 863 |
|
1 133 |
|
| Current assets(1) |
13 298 |
|
10 578 |
|
| Total liabilities |
(16 881) |
|
(14 494) |
|
| Non-current liabilities(2) |
(1 300) |
|
(1 300) |
|
| Current liabilities |
(15 581) |
|
(13 194) |
|
| Net liabilities |
(1 720) |
|
(2 783) |
|
| (1) Current assets include cash and cash equivalents |
3 029 |
|
4 887 |
|
| (2) Includes non-current financial liabilities |
(1 300) |
|
(1 300) |
|
| Statement of profit or loss and other comprehensive income – AttAfrica SA |
|
|
|
|
| Total revenue |
26 707 |
|
24 593 |
|
| Total profit/(loss) for the year |
1 064 |
|
(4 754) |
|
|