Notes to the group annual financial statements | Note 3
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3. Investment in associate

The company has a 15% interest in Media24 Holdings Proprietary Limited, a company incorporated in South Africa. This is an unlisted investment.

This investment is classified as an investment in associate, as significant influence was established through board representation even though the group only has a 15% interest.

  Group   Company  
  2014
R’000
  2013
R’000
  2014
R’000
  2013
R’000
 
Movement in carrying amount                
At the beginning of the year 640 462   493 504   603 709   603 709  
Share of net profit 21 889   6 160      
Share of changes in other reserves 1 546   161 423      
Dividends received (21 225)   (20 625)      
  642 672   640 462   603 709   603 709  

Summarised financial information of unlisted associate as per the annual financial statements – Media24

  Group  
  2014
R’000
  2013
R’000
 
Total assets 5 871 742   5 597 383  
Total liabilities 3 536 751   3 474 582  
Revenue 8 171 101   8 118 581  
Net profit 365 758   213 108