NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 25 25. DISPOSAL OF SUBSIDIARIES   31 May 2015   Date disposed % disposed 14 December 2014 50.1 Blue Label Engage Proprietary Limited R’000       The carrying/fair value of the net assets disposed of:         Cash and cash equivalents 66       Property, plant and equipment 64       Intangible assets 267       Financial assets at fair value through profit and loss 1 389       Receivables 8 484       Loans receivable 1 328       Deferred tax —       Borrowings (12 934)       Payables (7 254)       Carrying/fair value of subsidiary disposed of (8 590)       Non-controlling interest 4 286       Carrying/fair value of net assets disposed of (4 304)       Goodwill 2 742       Carrying/fair value of net assets disposed of (1 562)       Profit on disposal of subsidiary 3 962       Total proceeds on disposal received in cash 2 400       Less: Cash and cash equivalents in subsidiary (66)       Cash inflow on disposal 2 334       On 14 December 2014, Blue Label Telecoms Limited sold its 50.1% shareholding in Blue Label Engage Proprietary Limited to management for an amount of R2.4 million. The profit on disposal of R3.962 million has been recognised in the statement of comprehensive income. NOTES TO THE ANNUAL FINANCIAL STATEMENTS – NOTE 25