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2017

%

2016

%

2017

R’000

2016

R’000

3.

INVESTMENT IN SUBSIDIARIES

Bidfood Limited

(1)

100

100

11

11

Bidcorp International Limited

(2)

100

100

1 254 897

1 254 897

Bidcorp Foodservice International Limited

(2)

100

100

1 440 209

1 440 209

Bidcorp Food Mauritius Limited

(3)

100

100

#

#

Crown Food Ingredients Zambia Limited

(4)

60

60

3 652

3 652

Bidcorp Food Malawi

(5)

60

60

2 700

2 700

Bidcorp Food Africa Proprietary Limited

100

100

3 053 173

3 053 173

Bidcorp Food Property Proprietary Limited

100

100

851 028

851 028

BTW Investments Proprietary Limited

100

100

1 523 815

1 523 815

8 129 485

8 129 485

Country of incorporation if not South Africa:

(1)

Botswana

(2)

Isle of Man

(3)

Mauritius

(4)

Zambia

(5)

Malawi

#

Amounts below R1 000.

Investment in subsidiaries are reflected at cost less accumulated impairment losses. No impairment was identified for the current financial

year (2016: Rnil).

A list of indirectly held subsidiaries is available for inspection at the registered office of the company.

2017

R’000

2016

R’000

4.

CAPITAL AND RESERVES ATTRIBUTABLE TO SHAREHOLDERS OF THE COMPANY

Stated capital

Stated capital

5 428 016

5 428 016

Reserves

Retained earnings

2 703 575

2 715 134

Total capital reserves comprise

Amounts attributable to shareholders of the company

8 131 591

8 143 150

Number

’000

Number

’000

Stated capital

Authorised

540 000 000 ordinary shares of no par value (2016: 540 000 000 ordinary shares of no par value)

Issued

335 404 212 ordinary shares of no par value (2016: 335 404 212 ordinary shares of no par value)

335 404

335 404

16 750 000 unissued no par value ordinary shares are under the control of the directors until the

next annual general meeting.

FINANCIAL OVERVIEW

Notes to the separate financial statements

for the year ended June 30

FINANCIAL STAT MENTS

Annual integrated report 2017

Bid Corporation Limited

142