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NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
166
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
27.
NON-CONTROLLING INTERESTS
Set out below is the summarised financial information relating to each subsidiary that has non-
controlling interests that are material to the Group. The amounts disclosed for each subsidiary are
before inter-company eliminations with other companies in the Group.
Subsidiary
Principal place of business
Segment
Transaction junction
RSA
SA distribution
NCI %
2015
40
R’000
2014
40
R’000
Summarised balance sheet as at 31 May
Non-current assets
15 956
17 496
Current assets
22 744
25 421
Total assets
38 700
42 917
Capital and reserves
32 653
16 598
Non-current liabilities
791
1 263
Current liabilities
5 256
25 056
Total equity and liabilities
38 700
42 917
Accumulated NCI
13 061
6 639
Summarised statement of comprehensive income
for the period ended 31 May
Revenue
54 040
41 524
Total comprehensive income/(loss) for the year
16 055
17 810
Comprehensive income/(loss) allocated to NCI
6 422
7 124
Summarised cash flows for the period ended 31 May
Cash flows from operating activities
17 299
15 501
Cash flows from investing activities
(883)
(2 160)
Cash flows from financing activities
(21 817)
(5 276)
Net (decrease)/increase in cash and cash equivalents
(5 401)
8 065
Dividends paid to NCI
—
—
* The APS group consists of African Prepaid Services Proprietary Limited and African Prepaid Services Nigeria Limited.
The NCI percentage is 10% and 30.09% respectively.
** Viamedia was acquired 1 September 2014. These results reflect the nine-month period ended May 2015.