Blue Label Telecoms Integrated Annual Report 2017

185

BLUE LABEL

INTEGRATED ANNUAL REPORT 2017

Investments in Group companies and related loans

continued

6.1 Investments in and loans to subsidiaries continued

Shares at

cost

R’000

Loans

owing by

subsidiaries

R’000

Provision

for

impairment

R’000

2016

Activi Deployment Services Proprietary Limited

5 060

—

Africa Prepaid Services Proprietary Limited

61 520 90 394

(151 914)

Africa Prepaid Services Nigeria Limited

14 000 28 740

(42 740)

Blue Label Distribution Proprietary Limited**

194 000

—

Blue Label One Proprietary Limited

40 000

—

BLT USA Inc.

307

—

Budding Trade Proprietary Limited**

6 000

—

Cellfind SA Proprietary Limited

290 000

—

Cigicell Proprietary Limited

295

—

Datacel Direct Proprietary Limited

150 000

—

Gold Label Investments Proprietary Limited

137 816 256 245***

(121 148)

Kwikpay SA Proprietary Limited**

22 500

—

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

—

Ventury Group Proprietary Limited**

98 406

—

Viamedia Proprietary Limited

229 158

—

Virtual Voucher Proprietary Limited**

44 784

—

3 491 941 376 355

(315 802)

* 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 16 and 22 for details on

impairments.

*** This loan in substance forms part of the Company’s investment into Gold Label Investments Proprietary Limited.

Refer to note 22 for the terms of these loans.

Notes

to the Company annual financial statements

continued

For the year ended 31 May 2017