| |
2018
R’m |
|
| Non-current asset held for sale |
|
|
|
|
| Investment in Max |
– |
|
2 841 |
|
| During the prior year the directors of the Group decided to dispose of its 49.7% equity shareholding in Max. The IFRS 5 criteria were met on 1 July 2018. |
|
|
|
|
| Loss recognised in profit or loss and other comprehensive income |
– |
|
118 |
|
| The results of Max as at the date of classified as held for sale (1 July 2018) are summarised as follows (not adjusted for the percentage ownership by the Group): |
|
|
|
|
| Revenue |
|
|
3 690 |
|
| Depreciation and amortisation |
n/a |
|
(185) |
|
| Net finance costs |
|
|
(183) |
|
| Tax expense |
|
|
(6) |
|
| Total loss |
|
|
(165) |
|
| The disposal of Max was concluded during the current year and the net proceeds were received on 21 June 2019 (refer note 26). |
|
|
|
|
|
|
|
|
|