165 / 248
For the year ended 31 May 2015
163
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
26.
BUSINESS COMBINATIONS
Acquisition of subsidiary
Date acquired
% acquired
At 31 May 2015
R’000
Assets
103 383
Liabilities
53 917
Revenue since acquisition
153 754
Profit after tax since acquisition
34 826
Had the acquisition of subsidiary taken place at the beginning of the financial year, it would have
contributed R191.2 million to revenue and R47.5 million to net profit after tax. The actual contribution
to revenue and net profit after tax for the year was R153.8 million and R34.8 million respectively.
The fair value of the net assets approximated the assets acquired on acquisition date.
Viamedia
Proprietary
Limited
Mobile
content and
value-added
services provider
1 September
2014
75