| 5 |
INVESTMENT IN SUBSIDIARIES
The company accounts for investments in subsidiaries at cost, less accumulated impairment
losses. Interest-free loans owing to the company by its subsidiaries, with no repayment
terms, are included in the cost of the investment.
The group structure and company’s subsidiaries are disclosed in note 9.1 of the group
financial statements.
| |
2017
Rm |
|
2016
Rm |
|
| Total interest in Mobile Telephone Networks Holdings Limited 1 |
22 260 |
|
22 260 |
|
| Total interest in MTN Group Management Services Proprietary Limited |
57 |
|
57 |
|
| Total interest in Mobile Telephone Networks Proprietary Limited2 |
1 441 |
|
1 008 |
|
| Total interest in subsidiary companies |
23 758 |
|
23 325 |
|
| 1 |
During the 2016 year, the company provided guarantees to Mobile Telephone Networks Holdings Limited for no
compensation and the fair values thereof have been recognised as part of the cost of the investment. |
| 2 |
The increase in the investment in Mobile Telephone Networks Proprietary Limited during 2017 relates to the share-based payment transaction undertaken by the group with MTN Zakhele Futhi (note 8). |
|
