Blue Label Telecoms Integrated Annual Report 2014

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NOTES TO THE COMPANY ANNUAL FINANCIAL STATEMENTS CONTINUED
For the year ended 31 May 2014
238 BLUE LABEL INTEGRATED ANNUAL REPORT 2014
2014 2013
R’000 R’000
6. INVESTMENTS IN GROUP COMPANIES AND RELATED LOANS
6.1 Investments in and loans to subsidiaries
Shares at cost less amounts written off 3 012 304 3 040 190
Loans owing by subsidiaries less amounts written off 31 565 38 421
3 043 869 3 078 611
Details are reflected below:
Loans Provision
Shares at owing by for
cost subsidiaries impairment
R’000 R’000 R’000
2014
Activi Technology Services Proprietary Limited * — —
Activi Deployment Services Proprietary Limited 5 060 — —
Africa Prepaid Services Proprietary Limited1 61 520 75 644 (137 164)
Africa Prepaid Services Nigeria Limited1 14 000 17 510 (31 510)
Blue Label Distribution Proprietary Limited** 194 000 — —
Blue Label Engage Proprietary Limited 2 735 — —
Blue Label Investments Proprietary Limited 108 416 — —
Blue Label One Proprietary Limited 40 000 — —
BLT USA Inc.2 307 — —
Budding Trade Proprietary Limited** 6 000 — —
Cellfind SA Proprietary Limited 290 000 — (141 841)
Cigicell Proprietary Limited 295 — —
Datacel Direct Proprietary Limited 150 000 — (16 073)
Gold Label Investments Proprietary Limited 29 400 180 201 (175 075)
Kwikpay SA Proprietary Limited** 22 500 — —
Matragon Proprietary Limited** * — —
Panacea Mobile Proprietary Limited 27 479 — —
Simigenix Proprietary Limited * — —
The Post Paid Company Proprietary Limited** * — —
The Prepaid Company Proprietary Limited** 2 150 214 — —
TicketPros Proprietary Limited 14 700 — —
Transaction Junction Proprietary Limited 4 200 — —
Uninex Proprietary Limited * 976 —
Velociti Proprietary Limited 7 185 — —
Ventury Group Proprietary Limited** 98 406 — —
Virtual Voucher Proprietary Limited** 44 784 — —
3 271 201 274 331 (501 663)