Page 101 - Stellar IAR2015

33. DISPOSALS OF CONSOLIDATED SUBSIDIARIES (Continued)R’000 TelestoSizwe Africa IT Group (Pty) Ltd 27 085 288 26 612 Inventories 31 995Communications (Pty) Ltd 29 235 835 456 824 915 - - (1 293) -9 001(18 839) (166) (192) -17 280 7 084 - 7 084Total7 114 523 28 447 32 451 169 816 9 312 (7 653) (16 477) (121 550) (5 993)115 991(71 466) (2 450) (1 092)(799)63 817 104 001 (50 000)54 001Total 10 594Total 63 81730 November 2014Property, plant and equipment Goodwill and intangible assets Other nancial assets15 1Trade and other receivablesOther assetsInterest bearing loans and other nancial liabilitiesFinance lease obligationTrade and other payablesOther liabilitiesCarrying value / fair value of Consolidated Subsidiary disposed ofLoss on disposal of Consolidated Subsidiary - discontinued operations (refer to note 12)Additional transaction costsDerecognition of reservesDerecognition of amounts owed by Group companies Derecognition of equity balances attributable to step-up transactions (refer to note 34)Proceeds on disposal of Consolidated SubsidiaryRecognition of other nancial assets (refer to note 7)Net cash ow from disposals of Consolidated Subsidiaries163 992 7 397 (7 653) (16 477) (120 257) (5 993)106 990(52 627) (2 284) (900) (799)46 53796 917 (50 000) 46 91734. DERECOGNITION OF EQUITY BALANCES ATTRIBUTABLE TO STEP-UP TRANSACTIONSR’000 Northbound30 November 2015R’00030 November 2014Disposal Group previously held for sale 9 551Sizwe Africa IT Group (Pty) Ltd 46 537Communication Solutions (Pty) Ltd 1 043Telesto Communications (Pty) Ltd 17 280Previously, step-up transactions occurred when the Company acquired additional shareholdings in entities which were already consolidated as part of the Group. The di erence between the consideration paid and the additional share of net assets acquired was accounted for in equity as part of equity balances attributable to step-up transactions. Upon disposal of these Consolidated Subsidiaries, the related equity balances have been derecognised.STELLAR CAPITAL PARTNERS | 97