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   June 2017
R000		   June 2016
R000		  
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.
 
   June 2017 
R000 		    June 2016 
R000 		   
Balance at beginning of year  (1)    (1)   
Balance at end of year  (1)    (1)   

(1) Value less than R1 000

No impairment was recognised during the current year.
 
   June 2016 
R000 		    June 2017 
R000 		   
Statement of financial position – AttAfrica SA             
Total assets  4 392     5 021    
   Non-current assets  425     78    
   Current assets  3 967     4 943    
Total liabilities  4 948     3 051    
   Current liabilities  4 948     3 051    
   Net assets  (556)    1 970    
Statement of profit or loss and other comprehensive income – AttAfrica SA             
Total revenue  8 775     17 253    
Total (loss)/profit for the year  (1 783)    1 740    
   
   

NOTES TO THE FINANCIAL STATEMENTS — NOTE 8