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  
  2015
R’000
  2014
R’000
  2015
R’000
  2014
R’000
 
Movement in carrying amount                
At the beginning of the year 642 672   640 462   603 709   603 709  
Share of net profit/(loss) (45 753)   21 889      
Share of changes in other reserves 66 650   1 546      
Dividends received (21 721)   (21 225)      
  641 848   642 672   603 709   603 709  

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

  Group  
  2015
R’000
  2014
R’000
 
Total assets 6 071 526   5 871 742  
Total liabilities 2 647 605   3 536 751  
Revenue 8 249 951   8 171 101  
Net (loss)/profits (118 645)   365 758