The key assumptions used for the value-in-use calculations are as follows:

The inputs used when calculating the value-in-use calculations would need to be increased/(decreased) by the following amounts before any impairment would need to be recognised:

Loans to associates and joint ventures

The loans are neither past due nor impaired with a low risk of default.

Loans to associates and joint ventures have no fixed terms of repayment.

Shares in associates and joint ventures acquired during the year

During the year, Forensic Intelligence Data Solutions Proprietary Limited was acquired for a consideration of 25 cents.

In the current year, there was a further capital contribution of R89.3 million to BLM. This resulted in a dilution of shares held by an outside shareholder increasing our shareholding to 45.57%.

Shares in joint venture acquired during the prior year

On 1 September 2012, Blue Label Telecoms acquired a further 5% in BLM for a purchase consideration of R21.1 million. A further capital contribution of R89.2 million was advanced to BLM during the prior year. The loan balance at 31 May 2012 amounting to R27.8 million was capitalised during the prior year.

Shares in joint ventures disposed of during the prior year

Associates

The Group’s interests in its principal significant associates, which are unlisted, are as follows:

Associate		Smart Voucher Limited trading as UKash						Oxigen Services India Private Limited
Principal activity		Online cash payment provide						Airtime and payment solution provider
Country of incorporation		United Kingdom						India
		2014 R’000			2013 R’000	**		2014 R’000			2013 R’000	**
Statement of financial position
Non-current assets		22 174			25 069			117 463			135 149
Current assets		797 626			626 972			166 965			89 595
Cash and cash equivalents		611 510			509 524			77 159			25 564
Other current assets		186 116			117 448			89 806			64 031
		819 800			652 041			284 428			224 744
Total equity		206 098			179 628			75 037			81 130
Non-current liabilities		—			1 302			32 085			32 136
Current liabilities		613 702			471 111			177 306			111 478
		819 800			652 041			284 428			224 744
Effective percentage held		17.25			17.25			55.83			55.83
Net assets		206 098			179 628			75 037			81 130
Interest in associate		35 552			30 986			41 893			45 295
Goodwill		44 224			34 666			36 828			36 457
Movements in share premium not accounted for*		—			—			(20 404)			(20 404)
Balance at the end of the year		79 776			65 652			58 317			61 348
Statement of comprehensive income
Revenue		498 975			357 247			3 860 132			3 044 819
Operating profit before depreciation, amortisation and impairment charges		93 337			71 305			10 803			13 685
Depreciation and amortisation		(13 747)			(18 356)			(15 212)			(13 329)
Finance costs		(5)			(7)			(6 282)			(5 954)
Finance income		891			1 566			3 914			3 696
Net profit before taxation		80 476			54 508			(6 777)			(1 902)
Taxation		(17 621)			(12 240)			940			888
Net profit after taxation		62 855			42 268			(5 837)			(1 014)
Other comprehensive income		27 645			21 985			(326)			(4 573)
Total comprehensive income		90 500			64 253			(6 163)			(5 587)
Effective percentage held		17.25			17.25			55.83			55.83
Share of total comprehensive income		15 611			11 084			(3 441)			(3 119)

The Group’s interests in its other associates, which are unlisted, are as follows:

There are no contingent liabilities relating to the Group’s interest in associates.

For details on related party transactions, refer to note 28.

Set out below is the summarised financial information of the Group’s significant joint ventures.

Joint venture		Blue Label Mexico S.A. de C.V.						2DFine Holdings Mauritius
Principal activity		Distributor of terminals to vend e-tokens of value						Investment holding company
Country of incorporation		Mexico						Mauritius
		2014 R’000			2013 R’000	**		2014 R’000			2013 R’000	**
Statement of financial position
Non-current assets		268 512			252 078			102 171			96 557
Current assets		160 525			130 600			1			1
Cash and cash equivalents		79 353			16 246			1			1
Other current assets		81 172			114 354			—			—
		429 037			382 678			102 172			96 558
Total equity		359 853			297 585			(26 965)			(13 536)
Non-current liabilities		10 407			11 542			—			—
Current liabilities		58 777			73 551			129 137			110 094
Trade and other payables		58 487			72 027			456			346
Other current liabilities		290			1 524			128 681			109 748
		429 037			382 678			102 172			96 558
Effective percentage held		45.57			45			50			50
Net assets		359 853			297 585			(26 965)			(13 536)
Share capital and share premium		637 728			459 107			*			*
		(277 875)			(161 522)			(26 965)			(13 536)
Interest in joint venture		(126 628)			(72 685)			(13 483)			(6 768)
Goodwill		190 994			182 531			—			—
Capital funding		254 142			164 826			—			—
Balance at the end of the year		318 508			274 672			(13 483)			(6 768)
Statement of comprehensive income
Revenue		2 865 340			1 742 863			—			—
Operating loss before depreciation, amortisation and impairment charges		(78 915)			(79 064)			(685)			(708)
Depreciation and amortisation		(50 386)			(36 323)			—			—
Finance costs		(5 955)			(951)			(11 786)			(8 566)
Finance income		1 194			261			—			—
Net profit before taxation		(134 062)			(116 077)			(12 471)			(9 274)
Taxation		(430)			(104)			—			—
Net profit after taxation		(134 492)			(116 181)			(12 471)			(9 274)
Other comprehensive income		15 265			61 620			(959)			(1 714)
Total comprehensive income		(119 227)			(54 561)			(13 430)			(10 988)
Effective percentage held		45,57			45			50			50
Share of total comprehensive income		(53 942)	#		(23 713)	#		(6 715)			(5 494)

Blue Label Telecoms Limited has guaranteed 45% of the amount owed by BLM to Radiomovil Dipsa S.A. de C.V. (trading as Telcel). At year-end there is no balance due to them by BLM.

There are no other contingent liabilities relating to the Group’s interest in joint ventures.

For details on related party transactions, refer to note 28.

The Group’s interests in its other joint ventures, which are unlisted, are as follows: