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Revenue and profit or loss of Cryo-Save SA
Revenue of R 2 619 026 and loss of R 368 258 of Rexisource (Pty) Limited trading as Cryo-Save SA have been included in the group’s
results since the date of acquisition.
Viscacom (Pty) Limited
On 01 September 2011 the group acquired 100% of the voting equity interest of Viscacom (Pty) Limited which resulted
in the group obtaining control over Viscacom (Pty) Limited. Viscacom (Pty) Limited is principally involved in the financial
services industry. As a result of the acquisition, the group is expecting to be the leading provider of micro finance prod-
ucts and services in those markets.
Fair value of assets acquired and liabilities assumed
Group
Company
2011
2010
2011
2010
Deferred tax
291 169
-
-
-
Other financial assets
3 852 145
-
-
-
Cash and cash equivalents
96 349
-
-
-
Other financial liabilities
(4 036 581)
-
-
-
Trade and other payables
(201 512)
-
-
-
Cost of investment
-
-
1 570
-
1 570
-
1 570
-
Acquisition date fair value of consideration paid
Cash
(1 570)
-
(1 570)
-
Revenue and profit or loss of Viscacom (Proprietary) Limited
Revenue of R 92 222 and loss of R 80 216 of Viscacom (Pty) Limited have been included in the group’s results
since the date of acquisition.
The statement of comprehensive income realted to Viscacom (Pty) Limited for the period 1 December 2010
to 31 August 2011.
Revenue
754 048
-
-
-
Cost of Sales
(778 553)
-
-
-
Gross loss
(24 505)
-
-
-
Operating expenses
(576 379)
-
-
-
Operating loss
(600 884)
-
-
-
Finance costs
(439 006)
-
-
-
Loss before taxation
(1 039 890)
-
-
-
Taxation
291 169
-
-
-
Loss for period
(748 721)
-
-
-