9. Other investment
 

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 2018
%
  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.

  2018
R000
  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:

  2018
R000
  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)