COMPANY       GROUP
2015   2014     (R’million) 2015   2014  
        16 Investments in associated companies        
          (Annexure B)        
967,6   442,1     Listed, at cost 1 472,1   946,7  
421,1   421,1     Unlisted, at cost less amounts written off 1 005,8   1 005,8  
          Share of accumulated profits and reserves since acquisition 1 672,8   1 114,4  
1 388,7   863,2       4 150,7   3 066,9  
6 570,6   4 606,3     Fair value of listed investments 6 570,6   4 606,3  

  GROUP
(R’million) 2015   2014  
The trading results of the associate companies whose results are equity accounted in the consolidated financial statements are as follows:        
Revenue (100%) 23 408,0   22 101,6  
Turnover (100%) 23 397,4   22 091,0  
Profit for the year (100%) 1 662,3   1 721,5  
Profit attributable to ordinary shareholders of Tiger Brands 602,8   596,9  
Oceana Group Limited        
– Normal trading 308,7   284,7  
– Abnormal items 0,7   (2,5)  
Oceana Group Limited (after abnormal items) 309,4   282,2  
National Foods Holdings Limited        
– Normal trading 56,6   77,3  
– Abnormal items (3,0)   (5,4)  
National Foods Holdings Limited (after abnormal items) 53,6   71,9  
Empresas Carozzí 207,1   199,0  
UAC Foods 32,7   43,8  
Less: Dividends (326,0)   (287,2)  
Share of associated companies’ income less dividends received 276,8   309,7  
Share of movement in associates’ reserves        
The aggregate statements of financial position of associates are summarised as follows (100%):        
Property, plant and equipment 10 727,5   8 863,4  
Goodwill and intangible assets 7 063,5   2 466,0  
Investments 411,8   239,7  
Deferred taxation 25,6   24,1  
Net current assets 5 086,7   4 246,6  
Total assets 23 315,1   15 839,8  
Long-term liabilities (9 083,4)   (4 924,2)  
Deferred taxation (1 429,7)   (771,1)  
Total shareholders’ funds 12 802,0   10 144,5