NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 34

34. CONTINGENT CONSIDERATION
 
  GROUP   COMPANY  
  June 2017
R’000
  June 2016
R’000
  June 2017
R’000
  June 2016
R’000
 
Non-current liability                
Contingent consideration on Glen Eden Trading 58 (Pty) Ltd   134 893     134 893  
    134 893     134 893  
Current liability                
Contingent consideration on Glen Trading 58 (Pty) Ltd 194 475     194 475    
  194 475     194 475    

This is the estimated fair value of the contingent consideration relating to the acquisition of Glen Eden Trading 58 Proprietary Limited (refer to Notes 4 and 9.8). The fair value has been assessed at year-end. The contingent consideration will be settled in the 2018 financial year.


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 34