Year 2017

13. Investments


Shares in Group companies

2017

2016

Cost 1 Jan

960,367,664.19

964,154,191.07

Additions

15,950,140.05

2,637,243.77

Disposals

0.00

-6,423,770.65

Cost 31 Dec

976,317,804.24

960,367,664.19

Accumulated impairment losses 1 Jan

400,372,787.46

241,990,659.54

Impairment losses

31,000,000.00

158,793,529.59

Reversals of impairments

0.00

-411,401.67

Book value 31 Dec

544,945,016.78

559,994,876.73

   

Other shares and holdings

  

Cost 1 Jan

6,242,383.71

6,609,762.48

Disposals

-282,955.18

-367,378.77

Cost 31 Dec

5,959,428.53

6,242,383.71

Accumulated impairment losses  1 Jan

632,589.30

869,968.07

Impairment losses

2,600,000.00

40,000.00

Reversal of impairment losses

-247,875.18

-277,378.77

Book value 31 Dec

2,974,714.41

5,609,794.41

   

Receivables from Group companies

  

Capital loan receivables

  

Cost 1 Jan

28,511,000.00

28,511,000.00

Cost 31 Dec

28,511,000.00

28,511,000.00

Accumulated impairment losses 1 Jan

0.00

0.00

Book value 31 Dec

28,511,000.00

28,511,000.00

   
   

Total investments

576,430,731.19

594,115,671.14