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AFRICAN DAWN ANNUAL REPORT 14

Notes to the Financial Statements continued 5. Interests in subsidiaries including consolidated structured entities The following table lists the entities which are controlled by the group, either directly or indirectly through subsidiaries. % voting % voting Carrying Carrying power power amount amount Name of company Held by 2014 2013 2014 2013 ABC Cashplus Financial Services Proprietary Limited 100.00% 100.00% - - ABC Cashplus (Randburg) Proprietary Limited * 100.00% 100.00% - - African Dawn Kwazulu Natal Proprietary Limited ** 100.00% 100.00% - - African Dawn Property Transfer Finance 1 Proprietary Limited 100.00% 100.00% - - African Dawn Property Transfer Finance 2 Proprietary Limited 100.00% 100.00% - - African Dawn Debt Management Proprietary Limited # 100.00% 100.00% - - African Dawn Property Transfer Finance 5 Proprietary Limited 100.00% 100.00% - - African Dawn Social Education Proprietary Limited 100.00% 100.00% - - African Dawn Wheels Proprietary Limited 100.00% 100.00% - - African Dawn Wheels Operations Proprietary Limited 100.00% 100.00% - - Albistar Investments Proprietary Limited *** 100.00% 100.00% - - Almika Properties 81 Proprietary Limited 100.00% 100.00% - - Amalgum Investments 138 Proprietary Limited x 100.00% 100.00% - - Bhenka Financial Service Proprietary Limited 100.00% 100.00% - - Elite Group Proprietary Limited 100.00% 100.00% - 3,322 Candlestick Park Investments Proprietary Limited 100.00% 100.00% 5,279 5,279 Elatiflash Proprietary Limited *** 100.00% 100.00% - - Elite Group 1 Proprietary Limited * - 100.00% - - Elite Group Cell No. 00181 Proprietary Limited * - 100.00% - - Nexus Personnel Finance Proprietary Limited 100.00% 100.00% - - Nexus Personnel Finance 2 Proprietary Limited 100.00% 100.00% - - 5,279 8,601 # African Dawn Debt Management Proprietary Limited was formerly known as African Dawn Property Transfer Finance 4 Proprietary Limited. X Amalgum Investments 138 Proprietary Limited shares were transferred to African Dawn Capital Limited in 2013. The shares were previously held by African Dawn Property Transfer Finance 2 Proprietary Limited. All subsidiaries are incorporated in the Republic of South Africa and are owned by African Dawn Capital Limited except for the following companies that are owned by: * Elite Group Proprietary Limited ** Bhenka Financial Services Proprietary Limited *** African Dawn Property Transfer Finance 2 Proprietary Limited The carrying amounts of the subsidiaries are shown net of impairment losses. The carrying amounts of investments in subsidiaries were reassessed for impairment at year end and no impairments were deemed necessary. The indicated holding percentage is based only on shareholding between the holding company and the subsidiary. AFRICAN DAWN 4 9 ANNUAL REPORT 2014


AFRICAN DAWN ANNUAL REPORT 14
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