| Notes to the consolidated financial statements | Note 18 |
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2016
R’000 |
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2015
R’000 |
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| 18. |
INVESTMENTS |
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|
|
|
|
| |
Listed held-for-trading |
501 293 |
|
|
– |
|
| |
Unlisted held-for-trading |
152 426 |
|
|
67 263 |
|
| |
Unlisted available-for-sale |
100 180 |
|
|
227 976 |
|
| |
Unlisted preference shares |
– |
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|
64 307 |
|
| |
|
753 899 |
|
|
359 546 |
|
| |
Fair value hierarchy of investments |
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|
|
|
|
| |
Investments and loans held at cost or amortised cost |
242 777 |
|
|
333 383 |
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| |
Investments held at fair value as determined on inputs based on: |
511 122 |
|
|
26 163 |
|
| |
Unadjusted quoted prices in an active market for identical assets |
501 293 |
|
|
– |
|
| |
Factors that are observable for the asset either as prices or derived from prices |
2 054 |
|
|
12 277 |
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| |
Factors that are not based on observable market data |
7 775 |
|
|
13 886 |
|
|
|
|
|
|
|
|
| |
|
753 899 |
|
|
359 546 |
|
| |
Listed held-for-trading investments include listed The Bidvest Group Limited shares which amount to R501,3 million.
An impairment loss of R119,1 million (2015: Rnil) was recognised on the Icelandic Water Holdings ehf investment. Management’s best estimate of the impairment of the Icelandic Water investment was based on an offer to the holders of convertible loan notes and warrants which are convertible into common company stock.
A register of the investments is available for inspection by shareholders at the registered office of the company. |
| Notes to the consolidated financial statements | Note 18 |
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