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AFRICAN DAWN Annual Report 2016

continued Notes to the Financial Statements Annual Financial Statements For the year ended 29 February 2016 6. Investments in subsidiaries The following table lists the entities which are controlled by the group, either directly or indirectly through subsidiaries. The principal place of business and incorporation for all subsidiaries is South Africa. Company % voting power 2016 % voting power 2015 Nature Carrying amount 2016 Carrying amount 2015 R'000 R’000 ABC Cashplus (Randburg) Proprietary Limited 100 % 100 % Dormant - - ABC Cashplus Financial Services Proprietary Limited 100 % 100 % Dormant - - African Dawn Debt Management Proprietary 100 % 100 % Dormant - - African Dawn Kwazulu Natal Proprietary Limited 100 % 100 % Dormant - - African Dawn Property Transfer Finance 1 Bridging Proprietary Limited 100 % 100 % Finance - - African Dawn Property Transfer Finance 2 Proprietary Limited 100 % 100 % Bridging Finance - - African Dawn Property Transfer Finance 5 Proprietary Limited - % - % Dormant - - African Dawn Social Education Proprietary Limited 100 % 100 % Dormant - - African Dawn Wheels Operations Proprietary Limited 100 % 100 % Dormant - - African Dawn Wheels Proprietary Limited 100 % 100 % Vehicle finance - - Albistar Investments Proprietary Limited 100 % 100 % Dormant - - Almika Properties 81 Proprietary Limited 100 % 100 % Property holding - - Amalgum Investments 138 Proprietary Limited 100 % 100 % Dormant - - Bhenka Financial Services Proprietary Limited 100 % 100 % Dormant - - Candlestick Park Investments Proprietary Limited 100 % 100 % Property holding - - Elatiflash Proprietary Limited 100 % 100 % Dormant - - Elite Group 1 Proprietary Limited - % - % Dormant - - Elite Group Two Proprietary Limited * 100 % 100 % Unsecured lending - - Elite Group Cell No, 00181 Proprietary Limited 100 % 100 % Life insurance - - Elite Group Proprietary Limited 100 % 100 % Unsecured lending 3,322 3,322 Grindstone Accelerator Proprietary Limited * 100 % 100 % Consulting - - Knife Capital Proprietary Limited 100 % 100 % Venture Capital 12,555 12,555 Nexus Personnel Finance 2 Proprietary Limited - % - % Dormant - - Nexus Personnel Finance Proprietary Limited (A) - % - % Unsecured lending - - Yuediligence Proprietary Limited 100 % - % Consulting - - 15,877 15,877 (A) Company went into liquidation in October 2014 and has been deconsolidated (refer to note 33). * Company held indirectly. 66 AFRICAN DAWN ANNUAL REPORT 2016


AFRICAN DAWN Annual Report 2016
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