NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 16

16. Receivable from subsidiary

  Effective %
holding
  GROUP
June 2014
R'000
  GROUP
June 2013
R'000
  COMPANY
June 2014
R'000
  COMPANY
June 2013
R'000
 
ACT Healthcare Assets (Pty) Ltd 100%       470 748   472 009  
          470 748   472 009  

These receivables are due and payable within 12 months from statement of financial position date and have been carried at cost less required impairment.

The effect of restating to amortised cost over a period of one year is negligible and considered immaterial.

The receivables have no fixed repayment terms and no interest is charged.


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 16