FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets designated at fair value through profit and loss comprise investments in equity instruments which are held for trading, and which the group has irrevocably elected at initial recognition to recognise in this category. The investments is held for trading and therefore the group considers this classification relevant.

The fair value of the listed equity instruments was determined using the quoted price available for the instruments. At 31 March 2020 the investment has been remeasured to R2 million, a R2 million decrease. The fair value adjustment was recognised in profit or loss and is disclosed in note 11.