A B C D E F G H
1
2
 THE BANK
3
 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000
5
 Cost
6
 At 01 July 189,563 189,563 189,563
7
 Impairment loss recognised (189,563) - -
8
 At 30 June - 189,563 189,563
9
10
 The directors are of the opinion that the investment in subsidiary is fully impaired at 30 June 2019 as AfrAsia Investment Limited has accumulated losses and a shareholder's deficit.shareholder's deficit.
11
12
 The details of the direct and indirect subsidiaries are as follows:
13
14
 Country of Class of Effective % Holdings
15
 Incorporation Shares 2019 2018 2017
16
 Direct subsidiary % % %
17
 AfrAsia Investments Limited Mauritius Ordinary 100 100 100
18
 Indirect subsidiaries
19
 AfrAsia Capital Management Ltd Mauritius Ordinary 100 100 100
20
 AfrAsia Corporate Finance ((Pty)) Ltd (Formerly known as "Africa Asia Corporate Finance ((Pty)) Ltd") South Africa Ordinary - - 100
21
 AfrAsia Corporate Finance International Limited (Formerly known as "Africa Capital Advisors PCC") Mauritius Ordinary - - 100
22
 AfrAsia Corporate Finance (Africa) Limited (Note (b)) Mauritius Ordinary - - -
23
 AfrAsia Corporate Finance Limited (Note (b)) Mauritius Ordinary - - -
24
 AfrAsia Kingdom Holdings Limited ("AKHL") (Note (a & b) Mauritius Ordinary - - -
25
 AfrAsia Special Opportunities Fund* (Note (a)) Mauritius Ordinary - - -
A B C D E F G H
1
2
 THE BANK
3
 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000
5
 Cost
6
 At 01 July 189,563 189,563 189,563
7
 Impairment loss recognised (189,563) - -
8
 At 30 June - 189,563 189,563
9
10
 The directors are of the opinion that the investment in subsidiary is fully impaired at 30 June 2019 as AfrAsia Investment Limited has accumulated losses and a shareholder's deficit.shareholder's deficit.
11
12
 The details of the direct and indirect subsidiaries are as follows:
13
14
 Country of Class of Effective % Holdings
15
Incorporation
 Shares 2019 2018 2017
16
 Direct subsidiary % % %
17
 AfrAsia Investments Limited Mauritius Ordinary 100 100 100
18
 Indirect subsidiaries
19
 AfrAsia Capital Management Ltd Mauritius Ordinary 100 100 100
20
 AfrAsia Corporate Finance ((Pty)) Ltd (Formerly known as "Africa Asia Corporate Finance ((Pty)) Ltd") South Africa Ordinary - - 100
21
 AfrAsia Corporate Finance International Limited (Formerly known as "Africa Capital Advisors PCC") Mauritius Ordinary - - 100
22
 AfrAsia Corporate Finance (Africa) Limited (Note (b)) Mauritius Ordinary - - -
23
 AfrAsia Corporate Finance Limited (Note (b)) Mauritius Ordinary - - -
24
 AfrAsia Kingdom Holdings Limited ("AKHL") (Note (a & b) Mauritius Ordinary - - -
25
 AfrAsia Special Opportunities Fund* (Note (a)) Mauritius Ordinary - - -
A B C D E F G H
1
2
 THE BANK
3
 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000
5
 Cost
6
 At 01 July 189,563 189,563 189,563
7
 Impairment loss recognised (189,563) - -
8
 At 30 June - 189,563 189,563
9
10
 The directors are of the opinion that the investment in subsidiary is fully impaired at 30 June 2019 as AfrAsia Investment Limited has accumulated losses and a shareholder's deficit.shareholder's deficit.
11
12
 The details of the direct and indirect subsidiaries are as follows:
13
14
 Country of Class of Effective % Holdings
15
Incorporation
 Shares 2019 2018 2017
16
 Direct subsidiary % % %
17
 AfrAsia Investments Limited Mauritius Ordinary 100 100 100
18
 Indirect subsidiaries
19
 AfrAsia Capital Management Ltd Mauritius Ordinary 100 100 100
20
 AfrAsia Corporate Finance ((Pty)) Ltd (Formerly known as "Africa Asia Corporate Finance ((Pty)) Ltd") South Africa Ordinary - - 100
21
 AfrAsia Corporate Finance International Limited (Formerly known as "Africa Capital Advisors PCC") Mauritius Ordinary - - 100
22
 AfrAsia Corporate Finance (Africa) Limited (Note (b)) Mauritius Ordinary - - -
23
 AfrAsia Corporate Finance Limited (Note (b)) Mauritius Ordinary - - -
24
 AfrAsia Kingdom Holdings Limited ("AKHL") (Note (a & b) Mauritius Ordinary - - -
25
 AfrAsia Special Opportunities Fund* (Note (a)) Mauritius Ordinary - - -