162 / 280
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
160
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
6.
INVESTMENTS IN AND LOANS TO ASSOCIATES AND JOINT VENTURES (continued)
Set out below is the summarised financial information of the Group’s significant joint ventures.
Joint venture
Blue Label Mexico
S.A. de C.V.
2DFine Holdings Mauritius
Principal activity
Distributor of terminals
to vend e-tokens of value
Investment holding
company
Country of incorporation
Mexico
Mauritius
2014
R’000
2013**
R’000
2014
R’000
2013**
R’000
Statement of financial position
Non-current assets
268 512
252 078
102 171
96 557
Current assets
160 525
130 600
1
1
Cash and cash equivalents
79 353
16 246
1
1
Other current assets
81 172
114 354
—
—
429 037
382 678
102 172
96 558
Total equity
359 853
297 585
(26 965)
(13 536)
Non-current liabilities
10 407
11 542
—
—
Current liabilities
58 777
73 551
129 137
110 094
Trade and other payables
58 487
72 027
456
346
Other current liabilities
290
1 524
128 681
109 748
429 037
382 678
102 172
96 558
Effective percentage held
45.57
45
50
50
Net assets
359 853
297 585
(26 965)
(13 536)
Share capital and share premium
637 728
459 107
*
*
(277 875)
(161 522)
(26 965)
(13 536)
Interest in joint venture
(126 628)
(72 685)
(13 483)
(6 768)
Goodwill
190 994
182 531
—
—
Capital funding
254 142
164 826
—
—
Balance at the end of the year
318 508
274 672
(13 483)
(6 768)
* Less than R1 000.
** Summarised information has been restated to reflect adjustments made by the Group when applying the equity method as
required by IFRS 12. Previously the information was presented before any adjustments in accordance with IAS 31.