Integrated Reports Senwes Financial Review 2018 - Page 25

FINANCIAL REVIEW 3.3 Financial information of subsidiaries 25 3.3.1 JD IMPLEMENTE (PTY) LTD | continued Only subsidiaries with significant non-controlling interest will be disclosed. The following is the financial information of the subsidiary with significant non-controlling interest. A full list of subsidiaries is available for inspection at the registered office of the company. 3.3.1 JD IMPLEMENTE (PTY) LTD Senwes has a 50% interest in JD Implemente (Pty) Ltd (“JDI”). JDI is accounted for as a subsidiary due to the fact that Senwes appoints the chairman of the board and where the shareholders disagree, the chairman has the casting vote. JDI’s core business is the sale of mechanisation goods, spare parts and rendering of workshop services in the Eastern and Western Cape. The financial year-end is the same as Senwes' financial year-end. The registered office of the company is in Swellendam, South Africa. 2018 R’m 2017 R’m 7 (12) Summarised cash flows are as follows: From/(used in) operating activities Used in investing activities (Used in)/generated from financing activities Net increase/(decrease) in cash flows (5) (12) 1 (1) (1) 23 The following is the summarised financial information: 2018 R’m 2017 R’m 35 31 106 82 Financial position Non-current assets Current assets, excluding bank and cash Cash and cash equivalents Trade payables Current financial liabilities, excluding trade payables 3 2 (74) (45) (4) (5) (27) (27) 39 38 Equity holders of the parent 19 19 Non-controlling interest 20 19 Non-current liabilities Equity Attributable to: Financial results Revenue 354 338 Cost of sales (311) (299) Other income 1 1 Expenses Finance costs (2) (2) (35) (35) (6) (2) Profit before tax 1 1 Tax - - Profit after tax 1 1 Non-controlling interest share in profit or loss 1 - Dividends paid to non-controlling shareholders - 1 FINANCIAL REVIEW Depreciation