
Annual financial statements
Investments in associated companies
Download pdfCOMPANY | GROUP | |||||||
2022 | 2021 | (R'million) | 2022 | 2021 | ||||
15 | Investments in associated companies | |||||||
15.1 | (For more detail, refer Annexure B) | |||||||
97,1 | 97,1 | Listed, at cost | 97,1 | 97,1 | ||||
Unlisted, at cost less amounts written off | 590,2 | 584,8 | ||||||
Share of accumulated other comprehensive income since acquisition | (687,8) | (596,9) | ||||||
Share of accumulated profits since acquisition | 2 421,7 | 2 315,7 | ||||||
97,1 | 97,1 | 2 421,2 | 2 400,7 | |||||
The trading results of the associate companies whose results are equity accounted in the consolidated financial statements as follows: | ||||||||
Revenue (100%) | 27 463,2 | 21 042,8 | ||||||
Profit for the year (100%) | 1 706,9 | 1 312,8 |
15.2 | Reconciliation of associates income
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15.3 | (Loss)/profit on disposal of investment in associated company During the prior year the UAC associate investment was effectively disposed. This resulted in a loss on sale of R10,8 million (R43,6 million profit in company). |
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15.4 | Summarised statement of financial position of all associates The aggregate statement of financial position of all associates are summarised as follows (100%):
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15.5 |
The assessment criteria as noted in the accounting policies is performed annually. Empresas Carozzi has met the assessment criteria to be classified as a material associate in the current year and thus further disclosure is provided in Annexure B. |