1.

Investment income

Interest income

1

4

Dividend income from subsidiary

532

–

2.

Non-trading and capital items

Make good payment resulting from capital restructure

–

(58)

Corporate transaction and listing costs

(3)

(35)

Waiver of loan to Management Trust

–

(26)

Waiver of group loan receivable

–

(1)

Details of the make good payment in the prior year resulting from capital restructure can be found in the group financial statements of Alexander Forbes Group Holdings (refer to note 5).

The loan to the Management Trust was waived in 2015, prior to the company listing on the JSE Limited, as approved by the remuneration committee on 13 June 2014. The loan to Alexander Forbes Holdco Proprietary Limited was waived in the prior year as part of the process to clean up the corporate company structure.

3.

Investment in subsidiary

Opening carrying value

5 748

5 748

The investment in subsidiary is carried at cost less provision for impairment and amounts written off.

Details of the group’s financial interests in its subsidiaries are set out in note 48 to the group financial statements attached hereto.

4.

Share capital

4.1

Share capital

Ordinary shares at no par value

2 500 000

2 500 000

Non-convertible redeemable B preference shares

45 000

45 000

Ordinary shares at no par value

1 341 427

6 192

1 302 356

6 192

4.2

Movement in share capital

Opening balance

1 302 356

6 192

1 250 698

5 819

Shares issued to public

–

–

44 000

316

Shares issued in terms of exit transaction incentive

–

–

7 658

57

Shares issued to the Employee Share Option Plan*

39 071

–

–

–

8.2

Transactions with subsidiaries

Loan balances classified as intercompany loans

Opening balance

124

–

Cash transferred to group companies

(374)

109

Dividends received

362

–

Dividend in specie

170

–

Share-based payments

18

–

Charges to subsidiaries

2

74

Make good payment made by subsidiary on behalf of company

–

(58)

Waiver of loan

–

(1)