Annual Integrated Report 2019

Notes to the separate financial statements continued for the year ended June 30 2019 % 2018 % 2019 R’000 2018 R’000 5. 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 Bidvest Food Mauritius Limited (3) 100 100 – # Crown Food Ingredients Zambia Limited (4) 60 60 3 652 3 652 Bidvest Food Malawi (5) 60 60 – – 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 100 100 883 461 981 875 7 486 431 7 584 845 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 is reflected at cost less accumulated impairment losses. Refer to note 2 for the impairment losses that were recognised during the year. A list of indirectly held subsidiaries is available for inspection at the registered office of the company. 2019 R’000 2018 R’000 6. CAPITAL AND RESERVES Stated capital 5 428 016 5 428 016 Reserves Retained earnings 2 094 986 2 192 058 Total capital and reserves comprise 7 523 002 7 620 074 Number ’000 Number ’000 Stated capital Authorised 540 000 000 ordinary shares of no par value (2018: 540 000 000 ordinary shares of no par value) Issued 335 404 212 ordinary shares of no par value (2018: 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. 164 / Bid Corporation Limited Annual integrated report 2019