196 / 280
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
194
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
27.
NON-CONTROLLING INTERESTS
Set out below is the summarised financial information relating to each subsidiary that has non-controlling
interests that are material to the Group. The amounts disclosed for each subsidiary are before inter-company
eliminations with other companies in the Group.
Subsidiary
Principal place of business
Segment
Transaction junction
RSA
SA distribution
2014
2013
NCI %
40
40
R’000
R’000
Summarised balance sheet as at 31 May
Non-current assets
17 496
13 494
Current assets
25 421
16 045
Total assets
42 917
29 539
Capital and reserves
16 598
(1 212)
Non-current liabilities
1 263
2 261
Current liabilities
25 056
28 491
Total equity and liabilities
42 917
29 540
Accumulated NCI
6 639
(485)
Summarised statement of comprehensive income
for the period ended 31 May
Revenue
41 524
30 618
Total comprehensive income/(loss) for the year
17 810
4 837
Comprehensive income/(loss) allocated to NCI
7 124
1 935
Summarised cash flows for the period ended 31 May
Cash flows from operating activities
15 501
11 476
Cash flows from investing activities
(2 160)
(1 879)
Cash flows from financing activities
(5 276)
(2 420)
Net increase/(decrease) in cash and cash equivalents
8 065
7 177
Dividends paid to NCI
—
—
* The APS group consists of African Prepaid Services Proprietary Limited and African Prepaid Services Nigeria Limited (refer to
note 33).
** In the current year, BLT acquired shares in APS SA, increasing its shareholding to 90% (2013: 72%). This was the main
factor in reducing the effective non-controlling interest of the APS group in the current year to 24% (2013: 33%).