Blue Label Telecoms Integrated Annual Report 2016

For the year ended 31 May 2016

167

BLUE LABEL INTEGRATED ANNUAL REPORT 2016

NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS

continued

Investments in Group companies and related loans

continued

6.1 Investments in and loans to subsidiaries continued

Shares at

cost

Loans

owing by

subsidiaries

R’000

Provision

for

impairment

R’000

2015

Activi Deployment Services Proprietary Limited

5 060

—

Africa Prepaid Services Proprietary Limited

61 520

87 898

(149 418)

Africa Prepaid Services Nigeria Limited

14 000

28 740

(42 740)

Blue Label Distribution Proprietary Limited**

194 000

—

Blue Label Investments Proprietary Limited

108 416

—

Blue Label One Proprietary Limited

40 000

—

BLT USA Inc.

307

—

Budding Trade Proprietary Limited**

6 000

—

Cellfind SA Proprietary Limited

290 000

— (141 841)

Cigicell Proprietary Limited

295

—

Datacel Direct Proprietary Limited

150 000

— (16 073)

Gold Label Investments Proprietary Limited

29 400

95 683

(121 148)

Kwikpay SA Proprietary Limited**

22 500

—

Matragon Proprietary Limited**

—

Panacea Mobile Proprietary Limited

27 480

—

Simigenix Proprietary Limited

—

The Post Paid Company Proprietary Limited**

1 500

—

The Prepaid Company Proprietary Limited**

2 150 215

—

TicketPros Proprietary Limited**

14 700

—

Transaction Junction Proprietary Limited

4 200

—

Uninex Proprietary Limited

976

—

Velociti Proprietary Limited

7 185

—

Ventury Group Proprietary Limited**

98 406

—

Viamedia Proprietary Limited

229 158

—

Virtual Voucher Proprietary Limited**

44 784

—

3 499 126

213 297

(471 220)

* Less than R1 000.

** These investments have been pledged as security to Investec Bank Limited in terms of the facility. For details on percentage held,

country of incorporation and issued shares, refer to note 2.4 in the Group notes. Refer to notes 15 and 21 for details on

impairments.

All loans are interest-free and repayable on demand.