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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
141
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
6.
INVESTMENTS IN AND LOANS TO ASSOCIATES AND JOINT VENTURES continued
Joint venture
Blue Label Mexico
S.A. de C.V.
2DFine Holdings
Mauritius
Supa Pesa
Africa
(Mauritius)
Limited
Principal activity
Distributor of
terminals to vend
e-tokens of value
Investment holding
company
Content
provider
Country of incorporation
Mexico
Mauritius
Mauritius
2014
R’000
2014
R’000
Statement of comprehensive
income
Revenue
3 526 421
2 865 340
—
—
8 110
Operating loss before depreciation,
amortisation and impairment charges
(124 452)
(78 915)
(907)
(685)
5 900
Depreciation, amortisation and
impairment
(68 275)
(50 386)
—
—
—
Finance costs
—
(5 955)
(14 240)
(11 786)
(420)
Finance income
1 719
1 194
—
—
—
Net (loss)/profit before taxation
(191 008)
(134 062)
(15 147)
(12 471)
5 480
Taxation
(2 671)
(430)
—
—
(164)
Net (loss)/profit after taxation
(193 679)
(134 492)
(15 147)
(12 471)
5 316
Other comprehensive (loss)/income
(14 765)
15 265
(5 499)
(959)
64
Total comprehensive (loss)/income
(208 444)
(119 227)
(20 646)
(13 430)
5 380
Effective percentage held
46.64
45.57
50
50
50
Share of total comprehensive income
(92 749)
#
(53 942)
#
(10 323)
(6 715)
2 690
# During the year BLT increased its holding by 1.07% to 46.64% in BLM. In the prior year BLT increased its
shareholding by 0.57% to 45.57% in BLM.
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 29.
2015
R’000
2015
R’000
2015
R’000