| |
| |
Group |
| |
June 2024
R’000 |
June 2023
R’000 |
| Balance at the beginning of the year |
55 950 |
987 772 |
| Dividend distributions (Note 26) |
(26 581) |
(65 593) |
| Non-controlling interest on change in ownership without change in control |
(17 054) |
(978 240) |
| Share of net profit of subsidiaries |
18 874 |
112 011 |
| |
31 189 |
55 950 |
| |
|
|
Effective 22 February 2024, the existing 49% shareholders in Essential Group Proprietary Limited exercised a put option,
thereby offering their entire shareholding to AfroCentric Health Proprietary Limited for a value of R46 120 971. On transaction
date the Group derecognised the 49% shareholding of R17.0 million.
| |
Essential
Group
R’000 |
Total
R’000 |
| 30 June 2024 |
|
|
| Retained earnings |
(28 844) |
(28 844) |
| Non-controlling interest |
(17 277) |
(17 277) |
| Total equity |
(46 121) |
(46 121) |
| |
|
|
| |
Essential
Group
R’000 |
Total
R’000 |
| 30 June 2024 |
|
|
| Retained earnings |
(28 844) |
(28 844) |
| Non-controlling interest |
(17 277) |
(17 277) |
| Total equity |
(46 121) |
(46 121) |
| |
|
|
| |
Memo Digital
R’000 |
Sanlam Group
R’000 |
Afrocentric
Distribution
Services
R’000 |
Mmed
Distribution
R’000 |
Total
R’000 |
| 30 June 2023 |
|
|
|
|
|
| Retained earnings |
(1 111) |
(436 903) |
(71 043) |
(16 703) |
(525 760) |
| Non-controlling interest |
(956) |
(982 116) |
(11 871) |
16 703 |
(978 240) |
| Total equity |
(2 067) |
(1 419 019) |
(82 914) |
– |
(1 504 000) |
|
