NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS | Note 11

11. Investments in subsidiaries
 
      Company
      June 2021
R’000		 June 2020
R’000
Unlisted investments at cost     428 144 428 144
         
Name of subsidiary Main business Country of incorporation Interest held (voting rights)% Non- controlling interest
(voting rights)
%
2021        
Directly held        
ACT Healthcare Assets Proprietary Limited Investment holding South Africa 71.3 28.7
ACT Funding Proprietary Limited Dormant South Africa 100 –
Indirectly held        
AfroCentric Health (RF) Proprietary Limited Healthcare administration South Africa
71.3
28.7
2020        
Directly held        
ACT Healthcare Assets Proprietary Limited Investment holding South Africa 71.3 28.7
ACT Funding Proprietary Limited Dormant South Africa 100 –
Indirectly held        
AfroCentric Health (RF) Proprietary Limited Healthcare administration South Africa 71.3 28.7

The Company has assessed its investments in subsidiaries for impairment by comparing the carrying amount of the investments to the net asset value of the underlying entities. No indication of impairment was noted for the financial year.
   

NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS | Note 11