Integrated Annual Report 2015

Condensed notes to Investec Limited parent company accounts


Accounting policies


Basis of presentation

The parent company accounts of Investec Limited are prepared in accordance with International Financial Reporting Standards and in a manner consistent with the policies disclosed here for the group accounts, except as noted below:

Foreign currencies

The presentational and functional currency for Investec Limited parent company is South African Rand. All foreign currency transactions are initially recorded and translated to the functional currency at the rate applicable at the time of the transaction.

Investment in subsidiaries

Investment in subsidiaries are statement at cost less any impairment in value.


Investment in subsidiaries

R’million 2015  2014 
At the beginning of the year 15 720  14 424 
Net increase in investment in subsidiaries –  855 
Disposal of subsidiaries –  (12)
Increase in loans to subsidiaries 134  453 
At the end of the year 15 854  15 720 

A list of the companies principal subsidiaries is detailed in note 55 to the group accounts.


The company’s share capital is detailed in note 42 to the group accounts.


The company’s perpetual preference shares are detailed in note 43 to the group accounts.


The information detailed here for Investec Limited parent company is a summary. For detailed notes refer to the Investec Limited group and company annual financial statements.


Get the most out of our report
Mouse over an icon for
more information
    Denotes information in the risk, corporate responsibility and remuneration reports that form part of the group’s audited annual financial statements
Audited information
  Denotes our consideration of a reporting standard
Reporting standard
  Refers readers to the definitions
  Refers readers to information elsewhere in this report
Page reference
  Refers readers to further information in our sustainability report available on our website:
  Indicates that additional information is available on our website:
Investec website  |  Privacy Policy  |  Contact us ©2015 Copyright. All rights reserved