26. Subisdiaries
 

A list of the Group’s significant subsidiaries, their country of incorporation and principal place of business, the Group’s percentage shareholding and an indication of their nature of business is included on Annexure A of these financial statements.

The only subsidiary that has material non-controlling interests is Bidvest Namibia Limited (“Bidvest Namibia”), a subsidiary listed on the Namibian Stock Exchange. The Group owns 52,3% (2017: 52,3%) of the issued capital of Bidvest Namibia, but accounts for 66,0% (2017: 66,0%) as a result of a deferred sale of 13,7% (2017:13,7% ) of the shares it previously held.

  2018
R’000		     2017
R’000		  
Contribution to non-controlling interests          
Profit allocated to non-controlling interests
Bidvest Namibia 		 (3 390)       28 118    
Other non-controlling interests  71 007        70 531    
Total profit allocated to non-controlling interests  67 617        98 649    
Accumulated non-controlling interests
Bidvest Namibia 		 684 747        1 009 274    
Other non-controlling interests  338 880        337 744    
Total accumulated non-controlling interests  1 023 627        1 347 018    
The summarised financial information below of Bidvest Namibia represents  amounts before intergroup eliminations                
Statement of financial position items                
Current assets  1 983 038        1 886 213    
Non-current assets  709 574        1 200 637    
Current liabilities  (760 375)       (690 583)   
Non-current liabilities  (77 729)       (166 487)   
Non-controlling interests  (120 749)       (384 874)   
Equity attributable to the owners of the Company  (1 733 759)       (1 844 906)   
Statement of comprehensive income items                
Revenue  3 381 027        3 776 448    
Expenses  (3 410 969)       (3 714 630)   
Profit attributable to the owners of the Company  (40 141)       50 610    
Profit attributable to minorities  10 199        11 208    
Profit for the year  (29 942)       61 818    
Other comprehensive income attributable to owners of the Company  1 847        (8 127)   
Other comprehensive income attributable to minorities  29        (8 571)   
Other comprehensive income for the year  1 876        (16 698)   
Dividends paid to minorities  –        72 981    
Statement of cash flow items                
Cash (outflow)/inflow from operating activities  (157 052)       (12 160)   
Cash inflow/(outflow) from investing activities  (190 740)       8 518    
Cash inflow from financing activities  (92 032)       6 723    
Net cash inflow/(outflow) (439 824)       3 081