NOTES TO THE FINANCIAL STATEMENTS – NOTE 8

8. Other investment

Details of the group’s investment at the end of the reporting period are as follows:

        Proportion of ownership
interest		  
Name of investment Principal activity Place of
incorporation
and operation		   30 June 2015   30 June 2014  
AttAfrica SA Proprietary Limited (AttAfrica SA) Provides asset management and consulting services to AttAfrica South Africa   37,5%      

The acquisition date of the investment was 14 July 2014.

Although Hyprop has a 37,5% interest, it does not participate on the board of AttAfrica SA and does not have significant influence over the entity and therefore the investment is not an associate nor is it equity accounted.

  GROUP
June 2015
R000		   GROUP
June 2014
R000		   COMPANY
June 2015
R000		   COMPANY
June 2014
R000		  
Balance at beginning of year                
Acquired during the year #       #      
Balance at end of year #       #      
# Amount less than R 1 000

No impairment was recognised during the current year.
    GROUP
June 2015
R000		   GROUP
June 2014
R000		   COMPANY
June 2015
R000		   COMPANY
June 2014
R000		  
  Statement of financial position – AttAfrica SA                
  Total assets 474              
    Non-current assets 95              
    Current assets 379              
  Total liabilities 244              
    Non-current liabilities                
    Current liabilities 244              
  Net assets 230              
  Group’s share of net assets of AttAfrica SA 86              
  Statement of comprehensive income – AttAfrica SA                
  Total revenue 5 233              
  Total profit for the year 229              
  Group’s share of profits of AttAfrica SA 86