Disposal of subsidiary

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Shares in the following subsidiary were disposed of during the year Effective date
of disposal
  % held and
disposed of
 
Subsidiary        
Blue Label Engage Proprietary Limited 14 December 2014   50.1  
Details of the total net assets disposed and the resulting profit on disposal are as follows:     Total
R’000
 
Total proceeds     2 400  
Carrying/fair value of net assets disposed of     (1 562)  
Profit on disposal of subsidiary     3 962  
The assets and liabilities disposed of are as follows:     Fair value at
disposal date
R’000
 
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  
Loan receivable     1 328  
Borrowings     (12 934)  
Payables     (7 254)  
Carrying/fair value of subsidiary disposed of     (8 590)  
Non-controlling interest     4 286  
Goodwill     2 742  
Carrying/fair value of net assets disposed of     (1 562)  
Total proceeds on disposal received in cash     2 400  
Less: Cash and cash equivalents of subsidiary disposed of     (66)  
Cash inflow on disposal     2 334