20
22
22
Annual financial statements
Other investments
Download pdf| COMPANY | GROUP | |||||||
| 2022 | 2021 | (R'million) | 2022 | 2021 | ||||
| 16 | Other investments | |||||||
| 12,1 | 12,5 | Listed, at fair value* | 253,5 | 311,3 | ||||
| 12,0 | 9,7 | Unlisted, at fair value | 12,0 | 9,7 | ||||
| Employer controlled reserve invested by one pension fund on behalf of Tiger Brands Limited | ||||||||
| – Defined contribution | – | 4,4 | ||||||
| – Defined benefit (refer note 29)# | 8,0 | 80,3 | ||||||
| 1 610,4 | 1 610,4 | BEE Phase II empowerment entities' preference shares** | – | – | ||||
| 588,4 | 582,1 | Notional investment in subsidiary companies in terms of IFRS 2 | – | – | ||||
| Funds in escrow*** | 242,3 | 196,1 | ||||||
| 2 222,9 | 2 214,7 | 515,8 | 601,8 | |||||
| * | Listed investments comprise Oceana Limited, Adcock Ingram Holdings Limited, Spar Limited and JSE Limited (company-listed investments includes JSE Limited only). |
| ** | Classified as FVTPL under IFRS 9. |
| *** | Funds in escrow is the portion of proceeds arising from the disposal of the Value Added Meat Products (VAMP) business held in escrow in terms of the sales contracts. The proceeds will be released once the terms and conditions of sales contracts have been completely fulfilled. |
| # | Relates to the contribution holiday taken by the company in the Tiger Brands DC Pension Fund and the Tiger Brands Management Provident Fund, which was funded from the employer surplus accounts in 2022. |