5. Investment in subsidiaries
 

The following table lists the entities which are controlled by the group, either directly or indirectly through subsidiaries.

Company

 Directly held Issued share
capital
   
   Number
of shares
2022
Number
of shares
2021
Percentage
holding
2022
Percentage
holding
2021
Carrying
amount 2022*
Carrying
amount 2021*
Merafe Chrome and Alloys (Pty) Ltd 200 200 100 % 100 %
Merafe Ferrochrome 400 400 100 % 100 %
         

The Company's share in the profits of subsidiaries for the year ended 31 December 2022 amounted to R1 422m (2021: R1 689m).

* Less than R1,000

Controlled entities

Merafe Kroondal Rehabilitation Trust is consolidated as it is a controlled entity of the Company.

Refer to note 1.3 for further details on consolidation of controlled entities. There have been no significant changes in the nature and risks associated with this entity.