Es geht (nach alten Erkenntnissen) wohl (nur) um etwa 30 Mio€.
Auszug Bilanz 2017
Geros FS, a subsidiary of Geros B, a subsidiary of Fihag at some point in time, acquired two
debtors books and a 70% interest in Blake and Associate Holdings Proprietary Limited (“Blake”) from the Group for ZAR300 million and ZAR163.1 million respectively during 2013. The acquisition was funded by the Group through the Group's loan to Top Global whereby Top Global advanced a loan to Geros B, to the value of €31.6 million (ZAR450.3 million). No formal loan agreements have been identified."
Auszug Bilanz 2018
Geros FS, a subsidiary of Geros B, a subsidiary of Fihag at some point in time, acquired two
debtors books and a 70% interest in Blake and Associate Holdings Proprietary Limited (“Blake”)
from the Group for ZAR300 million and ZAR163.1 million respectively during 2013. The acquisition
was funded by the Group through the Group's loan to Top Global whereby Top Global advanced a loan to Geros B. No formal loan agreements have been identified. At 30 September 2018, Geros FS had an amount of ZAR 69.2 million deposited with one of the Group's subsidiaries.
Critical judgement
Management also considered whether it controlled Geros B and Geros FS. There is insufficient
evidence to suggest that the Group can control the activities of the entities in the absence of
holding voting rights. Management has considered the nature of their relationship with Geros B and
Geros FS and has concluded that the Group does not control these entities as it does not have the
power to affect the variable returns despite the Group's exposure to variable returns as a result
of funding provided. No formal funding agreeements with Top Global or the Fihag Group have been
identified and therefore the loan was deemed irrecoverable and
fully impaired in 2015. The deposit held was recognised as a liability.
|
Thread abonnieren
