Notes to the consolidated annual financial statements | Note 11

      2018   2017  
11. Financial assets          
  Non-current          
  Loans receivable (Note 11.1.1)   347   381  
  Available-for-sale financial assets (Note 11.3)   83   43  
      430   424  
  Current          
  Financial assets at fair value through profit or loss (Note 11.2)   328   244  
  Cash held in restricted deposits (Note 11.1.2)   3 567   3 245  
  Public debts and bonds (Note 11.1.3)   637    
      4 532   3 489  
11.1 Financial assets measured at amortised cost          
11.1.1 Loans receivable          
  Loans to VM, SA non-controlling interests   281   297  
     Loans with a combined nominal value of US$24.9 million, bearing interest at three-month LIBOR plus 5%, secured by shares in VM, SA and repayable on 30 June 2026, were advanced to non-controlling interests in VM, SA.          
  Other loans receivable   66   84  
      347   381  
11.1.2 Cash held in restricted deposits   3 567   3 245  
  The carrying amount approximates fair value and is mainly represented by cash from MPesa activities which is held in accounts with reputable financial institutions.          
11.1.3 Public debts and bonds   637    
  During the year the Group invested in Tanzania Treasury bills maturing between 5 April 2018 and 20 September 2018, bearing interest at between 3.40% and 7.79%.          
11.2 Financial assets at fair value through profit or loss          
  Unit trust investments   328   244  
  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   83   43  
  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 Groupís registered office.          


Notes to the consolidated annual financial statements | Note 11