| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 7 |
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2014
R’000 |
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2013
R’000 |
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| 7. |
LOANS RECEIVABLE |
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Interest-free loans |
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25 710 |
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21 285 |
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Interest-bearing loans receivable |
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20 641 |
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16 146 |
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46 351 |
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37 431 |
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Less: Amounts included in current portion of loans receivable |
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(27 850) |
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(36 431) |
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18 501 |
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1 000 |
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Interest-free loans are unsecured and have no fixed terms of repayment. Interest-bearing loans bear interest at a range of between prime and prime + 2% and are unsecured. Loans amounting to R26.1 million have no fixed repayment terms; the remaining balance is repayable between one and five years.
The loans receivable are neither past due nor impaired with a low risk of default. Of this amount, R24 million (2013: R20 million) relates to loans receivable from related parties, which are interest-free (refer to note 28). |
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| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 7 |
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