Page 79 - Stellar IAR2015

12. ASSETS AND LIABILITIES OF DISPOSAL GROUP CLASSIFIED AS HELD FOR SALEOn 5 September 2014, the Group concluded the terms of the sale of 100% of the Group’s interest in Chrystalpine Investments 9 (Pty) Ltd (the 100% holding company of Andrews Kit (Pty) Ltd) and Structured Connectivity Solutions (Pty) Ltd, for R95.1 million and R5 million respectively, to Tellumat (Pty) Ltd (refer to note 33). The criteria for classi cation of these entities as a disposal group held for sale was met on 31 August 2014 as management was committed to a plan to sell these entities which were available for immediate sale. An active programme to locate a buyer had been initiated under the Group’s restructuring mandate and negotiations in respect thereof were in an advanced stage resulting in management concluding that the sale was highly probable within 12 months of classi cation as held for sale. The purchase consideration was settled by Tellumat (Pty) Ltd by way of the issue of ordinary shares in Tellumat (Pty) Ltd such that the Group holds 30% of the total issued ordinary shares of Tellumat (Pty) Ltd following the share issue (refer to note 3).On 16 January 2015, shareholders approved the transaction. The sale of Chrystalpine Investments 9 (Pty) Ltd Group and Structured Connectivity Solutions (Pty) Ltd became unconditional on 9 February 2015.R’000Assets of disposal group classi ed as held for saleProperty, plant and equipment Goodwill and intangible assets Other nancial assets InventoriesTrade and other receivablesOther assetsInvestment in Consolidated SubsidiariesLiabilities of disposal group classi ed held for saleInterest bearing loans and other nancial liabilities Finance lease obligationTrade and other payablesLoss for the year from discontinued operations - 2015RevenueOther income and investment revenueExpensesLoss before taxation from discontinued operationsTaxationLoss after tax from discontinued operationsPost-tax loss recognised on the sale of disposal group (refer to note 33)Group Company 20142014- - - - - -100 119100 119- - - -Disposal Group Held for sale 29 036 365 (32 696) (3 295) (605) (3 900) ( 4 847) ( 8 747)STELLAR CAPITAL PARTNERS | 752015- - - - - - -4 265 30 360 1 274 47 987 43 831 1 951 -2015- - - - - - --129 668-- - -470276 28 803- - --29 549-