|
|
|
|
|
|
| Group |
|
|
|
|
|
| Balance as at 30 June 2014 |
4 105 |
8 350 |
5 000 |
17 455 |
|
| Charged/(credited) to the statement of comprehensive income: |
|
|
|
|
|
| – additional provisions |
5 983 |
– |
– |
5 983 |
|
| – prior period under provision |
(703) |
– |
– |
(703) |
|
| Utilised during the year |
(5 174) |
– |
– |
(5 174) |
|
| Balance as at 30 June 2015 |
4 211 |
8 350 |
5 000 |
17 561 |
|
| Charged/(credited) to the statement of comprehensive income: |
|
|
|
|
|
| – additional provisions |
9 659 |
– |
– |
9 659 |
|
| – prior period under provision |
(34) |
– |
– |
(34) |
|
| Utilised during the year |
(9 081) |
– |
– |
(9 081) |
|
| Balance as at 30 June 2016 |
4 755 |
8 350 |
5 000 |
18 105 |
|
|
|
|
|
|
| Company |
|
|
|
|
| Balance as at 30 June 2014 |
740 |
5 000 |
5 740 |
|
| Charged/(credited) to the statement of comprehensive income: |
|
|
|
|
| – additional provisions |
1 063 |
– |
1 063 |
|
| – prior period under provision |
(35) |
– |
(35) |
|
| Utilised during the year |
(705) |
– |
(705) |
|
| Balance as at 30 June 2015 |
1 063 |
5 000 |
6 063 |
|
| Charged/(credited) to the statement of comprehensive income: |
|
|
|
|
| – additional provisions |
1 060 |
– |
1 060 |
|
| – prior period under provision |
(34) |
– |
(34) |
|
| Utilised during the year |
(1 241) |
– |
(1 241) |
|
| Balance as at 30 June 2016 |
848 |
5 000 |
5 848 |
|
ANALYSIS OF PROVISIONS:
|
|
|
|
|
|
|
|
|
| Non-current portion |
8 350 |
|
8 350 |
|
– |
|
– |
|
| Current portion |
9 755 |
|
9 211 |
|
5 848 |
|
6 063 |
|
| |
18 105 |
|
17 561 |
|
5 848 |
|
6 063 |
|
The provision for audit fees relates services provided by the external auditors for the 2016 financial year. The fees will be settled within the 2016 financial year.
A claim was instituted against Medscheme Holdings (Pty) Ltd and three of its employees in 2008 for allegations concerning copyright infringements and the breach of the Medware license agreement. The amount that was raised as a provision was determined by the directors using the maximum loss and probability theory. The parties are currently engaged in arbitration.
The provision for loss on guarantees relates to a deposit put in place by the Company to serve as a good-faith deposit for an overdraft facility extended to a strategic target. The strategic target was placed in provisional liquidation during the 2012 year and as such, the Company has agreed that the R10 million deposit will, under certain conditions, be applied to reduce the overdraft indebtness to Nedbank. Given the notarial bond held by the Company, 50% of the exposure is expected to be recovered in the near future. |