Company financial statements
notes to the company financial statements
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Pick n Pay Stores Limited |
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52 weeks 1 March 2015 Rm |
52 weeks 2 March 2014 Rm |
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5. |
INVESTMENTS IN SUBSIDIARIES AND TRUST |
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5.1 |
Pick n Pay Stores Limited |
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5.1.1 |
Investments in subsidiaries and trust |
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Shares at cost |
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Major trading subsidiary |
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Pick n Pay Retailers Proprietary Limited |
2.0 |
2.0 |
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Trust |
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The Pick n Pay Employee Share Purchase Trust |
— |
— |
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Other subsidiaries |
36.6 |
36.6 |
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Total investments in subsidiaries and trust |
38.6 |
38.6 |
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5.1.2 |
Amounts owing by subsidiary companies |
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At beginning of period |
758.8 |
463.6 |
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Amounts (received)/advanced during the period |
(311.1) |
295.2 |
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At end of period |
447.7 |
758.8 |
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Refer to note 4 for a detailed analysis |
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These amounts owing are unsecured and no fixed rate for repayment has been determined. Interest is earned at a rate equal to the unsecured three-month corporate paper, issued under our Domestic Medium Term Note Programme (refer to note 8). |
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Total investments in subsidiaries and trust |
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Non-current |
486.3 |
97.4 |
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Current portion |
— |
700.0 |
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486.3 |
797.4 |
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Pick n Pay Holdings |
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52 weeks 1 March 2015 Rm |
52 weeks 2 March 2014 Rm |
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5.2 |
Pick n Pay Holdings Limited RF |
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5.2.1 |
Investment in subsidiary |
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Pick n Pay Stores Limited |
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257 345 334 (2014: 257 345 334) ordinary shares |
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Comprising: |
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Initial investment |
24.7 |
24.7 |
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Capitalisation share awards received |
103.3 |
103.3 |
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Total investment in subsidiary |
128.0 |
128.0 |
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5.2.2 |
Amount owing by subsidiary companies |
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Refer to note 9.2.2 for a detailed analysis |
4.8 |
1.9 |
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These amounts owing are unsecured, interest-free and no fixed date for repayment has been determined. |
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Total investment in subsidiary |
132.8 |
129.9 |
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