Page 228 - Capricorn IAR 2020

GLOSSARY OF TERMS ANNUAL FINANCIAL GLOSSARY OF TERMS STATEMENTS
NOTES TO THE CONSOLIDATED AND SEPARATE ANNUAL FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2020
19. INVESTMENT IN SUBSIDIARIES (continued)
Financial details of subsidiaries
Subsidiaries of Capricorn Group
Bank Windhoek Ltd (consolidated)
Namib Bou (Pty) Ltd
Capricorn Asset Management (Pty) Ltd Capricorn Unit Trust Management Company Ltd Capricorn Capital (Pty) Ltd
Capricorn Investment Holdings (Botswana) Ltd Cavmont Capital Holdings Zambia Plc Mukumbi Investments (Pty) Ltd
Entrepo Holdings Ltd
Capricorn Mobile (Pty) Ltd
Capricorn Investment Group (Pty) Ltd Capricorn Hofmeyer Property (Pty) Ltd
Non-current
Aggregate income of subsidiaries (after tax)
2019 N$’000
Total investment
2019 N$’000
2020 N$’000
2020 N$’000
721,448
797,714 1,853 25,753 23,042
(10,293) 59,655 (19,853)
25 171,823
(914) (299)
–
520,440
100
24,092
54,206
23,000
30,758
127,954
64,750
(4,036)
438,776
163
(155,682)
202,630
(383)
238,680
–
(66)
–
(269)
5,000
0.1
(1)
0.1
872,797
1,048,506
1,418,763
1,418,763
520,440 23,000 127,954 64,750 163 436,361 – – 238,680 0.1 0.1 –
1,411,348 1,411,348
226
The at-acquisition exchange rates of BWP1.289 and ZMW1.386 have been applied to the conversion of the investment. Average exchange rates for the year of BWP1.399 (2019: BWP1.323) and ZMW1.024 (2019: ZMW1.234) have been applied on the conversion of the aggregate income.
All subsidiary undertakings are included in the consolidation. The proportion of the voting rights in the subsidiary undertakings held by the parent company do not differ from the proportion of ordinary shares held. Refer to note 14 for the parent company’s shareholding in the preference shares of subsidiary undertakings included in the Group.
Refer to note 40 for related party transactions and balances with subsidiaries.