126 / 160
for the year ended 30 June 2016
Hyprop Investments Limited
Group annual financial statements 2016
124
NOTES TO THE FINANCIAL STATEMENTS
continued
8.
Other investment
Details of the group’s investment at the end of the reporting period are as follows:
Proportion of
ownership interest
Name of investment
Principal activity
Place of
incorporation
and operation
June 2016
June 2015
AttAfrica SA Proprietary Limited
(AttAfrica SA)
Provides asset management and
consulting services to AttAfrica
South Africa
37,5%
37,5%
The acquisition date of the investment was 14 July 2014.
Although Hyprop has a 37,5% interest, it does not participate on the board of AttAfrica SA and does not have significant influence over the
entity. The investment is therefore not an associate, nor is it equity accounted.
GROUP
June 2016
R000
GROUP
June 2015
R000
Balance at beginning of year
#
Acquired during the year
#
Balance at end of year
#
#
#
Values less than R1 000
No impairment was recognised during the current year.
Statements of financial position – AttAfrica SA
Total assets
5 021
474
Non-current assets
78
95
Current assets
4 943
379
Total liabilities
3 051
244
Current liabilities
3 051
244
Net assets
1 970
230
Statements of profit or loss and other comprehensive income – AttAfrica SA
Total revenue
17 253
5 233
Total profit for the year
1 740
229