NOTES TO THE FINANCIAL STATEMENTS – NOTE 4 4. Subsidiaries   Details of the group’s subsidiaries at the end of the year are as follows:       Proportion of ownership interest and/or voting power held by the group   Name of subsidiary Principal activity Place of incorporation and operation June 2016   June 2015   Hyprop Investments (Mauritius) Limited (Hyprop Mauritius) Investing in indirect development or income producing properties in sub-Saharan Africa (excluding SA) Mauritius 100%   100%   African Land Investments Limited (African Land) Dormant South Africa 100%   100%   Word for Word Marketing Proprietary Limited (Word4Word) Marketing services South Africa 100%   100%   Hyprop Investments Employee Incentive Scheme Proprietary Limited (Hyprop Investments Employee Incentive Scheme) To hedge the obligation of the company to deliver Hyprop shares to employees, arising from allocations to employees in terms of the Hyprop Employee Incentive Scheme South Africa 100%   100%   Hyprop Foundation NPC (Hyprop Foundation) Company formed to further sustainability, enterprise development,socio-economic development and the corporate social initiatives of Hyprop South Africa 100%   100%   Hyprop Ikeja Mall Limited (Hyprop Ikeja)(1) Owns the shares in Gruppo Investments Nigeria Limited Mauritius 100%       Gruppo Investments Nigeria Limited (Gruppo)(2) Owns Ikeja City Mall in Lagos, Nigeria Nigeria 75%       (1) Wholly owned subsidiary of Hyprop Mauritius (2) Hyprop Ikeja owns 75% of the shares in Gruppo 4.1 Gruppo – Subsidiaries and transactions with non-controlling interests   Set out below is a summary of audited financial information for Gruppo, which owns 100% of the Ikeja City Mall in Lagos, Nigeria and in which Hyprop has a 75% interest.   June 2016  R000    June 2015 R000   Summarised statement of financial position         Current assets 134 141           Current liabilities  (63 621)             70 520           Non-current assets  2 327 071            Non-current liabilities  (1 877 243)             449 828            Net assets  520 348           Non-controlling interest  130 260           Summarised statement of comprehensive income              Revenue  225 782           Net profit  64 559           Other comprehensive loss  (10 738)          Total comprehensive income  53 821           Profit allocated to non-controlling interest  13 628           Dividends paid to non-controlling interest  nil            Summarised cash flows              Cash flows from operating activities  19 174            Cash flows from investing activities              Cash flows from financing activities              NOTES TO THE FINANCIAL STATEMENTS – NOTE 4