Notes to the Group financial statements

for the year ended 30 June

27.   SUBSIDIARIES AND NON-CONTROLLING INTERESTS  
  The following is summarised financial information of material subsidiaries with non-controlling interests. See note 34 for transactions with non-controlling interests. The information is before inter-company eliminations with other companies in the Group.  

  2014  
  Total comprehensive income  
       
      Total   Attributable to
non-controlling interest  
    Non-  
controlling  
interests %  
Profit  
after tax  
Other   
compre-  
hensive  
income  
Total  
compre-  
hensive  
income  
Profit  
after tax  
Total  
compre-  
hensive  
income  
  Material subsidiaries with non-controlling interests              
  Afrisun Gauteng   5%   111   1   112   5   5  
  Afrisun KZN   35%   197   –   197   69   69  
  Emfuleni Resorts   15%   8   –   8   1   1  
  SunWest International   25%   465   –   465   117   117  
  San Francisco Investment Resorts SA (Monticello)  *56%   9   –   9   5   5  
  Other   Various   139   (11)  128   34   24  
  Total      929   (10)  919   231   221  
               
  * As at 30 June 2014, an agreement had been reached to purchase an additional 54.7% of San Francisco Investment Resorts SA.  
   
  Statement of financial position          
    Current  
assets  
Non  
current  
assets  
Current  
liabilities  
Non  
current  
liabilities  
Net  
assets  
Net assets  
attributable  
to non-  
controlling  
interests  
  Material subsidiaries with non-controlling interests              
  Afrisun Gauteng   27   635   (676)  (18)  (32)  (2) 
  Afrisun KZN   30   719   (463)  (31)  255   89  
  Emfuleni Resorts   39   1 062   (265)  (470)  366   55  
  SunWest International   81   1 335   (733)  (368)  315   79  
  San Francisco Investment Resorts SA (Monticello)  139   2 238   (908)  (251)  1 218   682  
               
  Dividends and statement of cash flows          
    Dividends  
paid  
to non-  
controlling  
interests  
during  
the year  
  Cash flows  
from  
operating  
activities  
Cash flows  
from  
investing  
activities  
Cash flows  
from  
financing  
activities  
Net increase/  
(decrease)  
in cash  
and cash  
equivalents  
  Material subsidiaries with non-controlling interests              
  Afrisun Gauteng   3     171   (70)  (94)  7  
  Afrisun KZN   61     278   (109)  (155)  14  
  Emfuleni Resorts   –     182   (58)  (129)  (5) 
  SunWest International   113     703   (290)  (428)  (15) 
  San Francisco Investment Resorts SA (Monticello)  –     142   (130)  (30)  (18) 
  Dividends paid to the remaining subsidiaries with non-controlling interests amounted to R72 million.  

  2013              
  Total comprehensive income          
           
      Total   Attributable to
non-controlling interest  
    Non-  
controlling  
interests %  
Profit  
after tax  
Other   
compre-  
hensive  
income  
Total  
compre-  
hensive  
income  
Profit  
after tax  
Total  
compre-  
hensive  
income  
  Material subsidiaries with non-controlling interests              
  Afrisun Gauteng   5%   136   1   137   7   7  
  Afrisun KZN   36%   187   1   188   67   67  
  Emfuleni Resorts   17%   (6)  3   (3)  –   –  
  SunWest International   26%   439   1   440   116   116  
  San Francisco Investment Resorts SA (Monticello)  56%   63   168   231   35   129  
  Other   Various   180   126   306   68   273  
  Total     999   300   1 299   293   592  
               
               
  Statement of financial position        
    Current  
assets  
Non  
current  
assets  
Current  
liabilities  
Non  
current  
liabilities  
Net  
assets  
Net assets  
attributable  
to non-  
controlling  
interests  
  Material subsidiaries with non-controlling interests              
  Afrisun Gauteng   23   650   (730)  (17)  (74)  (4) 
  Afrisun KZN   21   692   (447)  (31)  235   85  
  Emfuleni Resorts   59   1 086   (258)  (539)  348   59  
  SunWest International   103   1 168   (585)  (387)  299   78  
  San Francisco Investment Resorts SA (Monticello)  144   2 350   (719)  (537)  1 238   693  
               
  Dividends and statement of cash flows          
    Dividends  
paid  
to non-  
controlling  
interests  
during  
the year  
  Cash flows  
from  
operating  
activities  
Cash flows  
from  
investing  
activities  
Cash flows  
from  
financing  
activities  
Net increase/  
(decrease)  
in cash  
and cash  
equivalents  
  Material subsidiaries with non-controlling interests              
  Afrisun Gauteng   12     332   (128)  (201)  3  
  Afrisun KZN   78     290   (60)  (225)  5  
  Emfuleni Resorts   –     109   (315)  201   (5) 
  SunWest International   124     633   (78)  (541)  14  
  San Francisco Investment Resorts SA (Monticello)  –     212   (88)  (164)  (40) 
  Dividends paid to the remaining subsidiaries with non-controlling interests amounted to R59 million.