NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 36

36. CONTINGENT CONSIDERATION

  Group Company
  June
2016
R‘000
  June
2015
R‘000
June
2016
R‘000
  June
2015
R‘000
 
Contingent consideration on Glen Eden Trading 58 (Pty) Ltd 134 893   134 893    

This is the estimated fair value of the contingent consideration relating to the acquisition of Glen Eden Trading 58 (Proprietary) Limited (refer to note 4 and 9.10). The fair value has been assessed at year-end. The contingent consideration is highly probable in the 2017 financial year, based on IAS 32.


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 36