Company								Group
2020  Rm			2019  Rm					2020  Rm			2019  Rm
					15.		Investments
					15.1		Investments
8			8				Investment in subsidiaries
149			135				Equity instruments – at cost
157			143				Directors' valuation of unlisted investments
							Investments in subsidiaries are carried at cost less accumulated impairment. A list of subsidiaries appears in note 37.
							Equity instruments in the Company's records relates to the notional investment cost as a result of the Group share-based payment schemes as disclosed in note 6.
							These amounts are carried at cost less accumulated impairment.
					15.2		Investments in associates
							Easylife Kitchens Management (Pty) Ltd
							On 1 February 2020 the Group acquired a 25,1% investment in Easylife Kitchens.
							Carrying value of investment in Easylife Kitchens Management (Pty) Ltd:
							Cost	18			–
							Share of profit and reserve movements post commencement of equity accounting (net of dividends)	#			–
							Total of carrying amount of investments in associate	18
							The following tables illustrate the summarised financial information of the Group's investment in Easylife Kitchens Management (Pty) Ltd:
							Statement of financial position:
							Non-current assets	25			–
							Current assets	24			–
							Non-current liabilities	(5)			–
							Current liabilities	(7)			–
							Equity	37			–
							Statement of comprehensive income since acquisition:
							Turnover	12			–
							Loss for the year	(2)			–
							Loss attributable to ordinary shareholders of Italtile Limited	#			–
							Less: Dividends	–			–
							Share of associated company's income	#			–
							Advanced Tiling Techniques (Pty) Ltd
							On 23 October 2018 the Group acquired a 30% investment in Advanced Tiling Techniques.
							Carrying value of investment in Advanced Tiling Techniques (Pty) Ltd:
							Cost	3			–
							Share of profit and reserve movements post commencement of equity accounting (net of dividends)	#			–
							Total of carrying amount of investments in associates	3
							The following tables illustrate the summarised financial information of the Group's investment in Advanced Tiling Techniques:
							Statement of financial position:
							Non-current assets	3			–
							Current assets	#			–
							Non-current liabilities	#			–
							Current liabilities	#			–
							Equity	3			–
							Statement of comprehensive income:
							Turnover	2			–
							Loss for the year	#			–
							Loss attributable to ordinary shareholders of Italtile Limited	#			–
							Less: Dividends	–			–
							Share of associated company's income	#			–
							SER-Export s.p.a.
							During the 2015 financial year, the Group disposed of a 20% stake in SER-Export s.p.a. to its existing partner in this entity, reducing the Group's effective shareholding to 30%.
							Carrying value of investment in SER-Export s.p.a.:
							Cost	19			19
							Share of profit and reserve movements post commencement of equity accounting (net of dividends)	9			7
							Total carrying amount of investments in associates	28			26
							The following tables illustrate the summarised financial information of the Group's investment in SER-Export s.p.a.:
							Statement of financial position:
							Non-current assets	70			66
							Current assets	204			145
							Non-current liabilities				–
							Current liabilities	(115)			(80)
							Equity	159			131
							Statement of comprehensive income:
							Turnover	178			195
							Profit for the year	6			9
							Profit attributable to ordinary shareholders of Italtile Limited	2			3
							Less: Dividends	–			–
							Share of associated company's income	2			3
							Totals
							Total associate carrying amount:
							Easylife Kitchens Management (Pty) Ltd	18			–
							Advanced Tiling Techniques (Pty) Ltd	3			–
							SER-Export s.p.a.	28			26
								49			26
							Total share of associated company income:
							Easylife Kitchens Management (Pty) Ltd	#			–
							Advanced Tiling Techniques (Pty) Ltd	#			–
							SER-Export s.p.a.	2			3
								1			3
							# Less than R1 million.