156 / 280
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
154
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
6.
INVESTMENTS IN AND LOANS TO ASSOCIATES AND JOINT VENTURES (continued)
Investments in associates and joint ventures include goodwill to the value of R273 million (2013: R257 million).
There was no impairment of investment in associates and joint ventures.
The key assumptions used for the value-in-use calculations are as follows:
2014
2013
Growth
rate
%
Terminal
value price
multiple
x
Discount
rate
%
Growth
rate
%
Discount
rate
%
Oxigen Services India
Private Limited
*
7.40
29
1
18.03
Blue Label Mexico S.A.
de C.V.
3.50
*
17.44
4.50
17.80
* Not applicable.
The inputs used when calculating the value-in-use calculations would need to be increased/(decreased) by the
following amounts before any impairment would need to be recognised:
2014
Growth
rate
%
Terminal
value price
multiple
x
Discount
rate
%
Oxigen Services India Private Limited
*
(5.1)
31.5
Blue Label Mexico S.A. de C.V.
(4.6)
*
2.8
* Not applicable.