Notes to the consolidated annual financial statements | Note 11

    2017    2016   
11. Financial assets        
  Non-current      
  Loans receivable (Note 11.1.1) 381   68  
  Financial assets at fair value through profit or loss (Note 11.2)   173  
  Available-for-sale financial assets (Note 11.3) 43   39  
    424   280  
  Current        
  Financial assets at fair value through profit or loss (Note 11.2) 244   187  
  Cash held in restricted deposits (Note 11.1.2) 3 245   2 454  
    3 489   2 641  
11.1 Financial assets measured at amortised cost        
11.1.1 Loans receivable        
  Loans to VM, SA non-controlling interests 297    
  During the current year loans with a combined nominal value of US$24.9 million, bearing interest at LIBOR plus 5%, secured by shares in VM, SA held by the borrowers and repayable on 30 June 2026, were advanced to non-controlling interests in VM, SA.        
  Other loans receivable 84   68  
    381   68  
11.1.2 Cash held in restricted deposits 3 245   2 454  
  The carrying amount approximates fair value and is mainly represented by cash from M-Pesa activities which is held in accounts with reputable financial institutions        
11.2 Financial assets at fair value through profit or loss        
  Unit trust investments 244   187  
  Equity linked notes   173  
    244   360  
  Fair value of unit trust investments are determined with reference to quoted market prices while the fair value of the equity linked notes were determined using valuation models.        
11.3 Available-for-sale financial assets        
  Unlisted equity investments 43   39  
 

The carrying amount of available-for-sale financial assets carried at cost, approximates its fair value. A register with details of the entities and the percentages of share capital and voting power, if different, held in each unlisted investment is available for inspection at the Group’s registered office.