Annexure B
Investment in associated companies
| |
|
|
Percentage holding |
|
Carrying value |
|
|
| |
|
|
|
|
|
|
|
|
|
|
Year-end |
| |
Country of |
Nature of |
2007 |
|
2006 |
|
2007 |
|
2006 |
|
other than |
| Company |
incorporation |
business |
% |
|
% |
|
Rm |
|
Rm |
|
30 September |
| |
|
Providers of MRI |
|
|
|
|
|
|
|
|
|
| Chaucer Diagnostics Limited |
United Kingdom |
scanning |
49 |
|
49 |
|
6 |
|
5 |
|
30 April |
| Community Hospital Group |
|
Hospital/healthcare |
|
|
|
|
|
|
|
|
|
| (Proprietary) Limited |
South Africa |
services |
44 |
|
44 |
|
182 |
|
136 |
|
31 March |
| Community Hospital |
|
Hospital/healthcare |
|
|
|
|
|
|
|
|
|
| Management Limited |
South Africa |
services |
25 |
|
25 |
|
6 |
|
28 |
|
|
| |
|
Providers of MRI |
|
|
|
|
|
|
|
|
|
| Garden Hospital MRI Limited |
United Kingdom |
scanning |
40 |
|
40 |
|
4 |
|
5 |
|
31 December |
| Healthshare Health Solutions |
|
Hospital/ |
|
|
|
|
|
|
|
|
|
| (Proprietary) Limited |
South Africa |
healthcare services |
45 |
|
45 |
|
13 |
|
11 |
|
30 June |
| |
|
Investment |
|
|
|
|
|
|
|
|
|
| |
|
company which |
|
|
|
|
|
|
|
|
|
| KOPM Investment Holdings |
|
owns Lesedi |
|
|
|
|
|
|
|
|
|
| (Proprietary) Limited |
South Africa |
Hospital |
45 |
|
45 |
|
52 |
|
45 |
|
|
| Meriden Hospital Advanced |
|
Providers of MRI |
|
|
|
|
|
|
|
|
|
| Imaging Centre Limited |
United Kingdom |
scanning |
50 |
|
50 |
|
3 |
|
|
|
31 October |
| |
|
Hospital/healthcare |
|
|
|
|
|
|
|
|
|
| Three Shires Hospital Limited |
United Kingdom |
services |
50 |
|
50 |
|
13 |
|
9 |
|
31 March |
| Other |
South Africa |
|
|
|
|
|
3 |
|
3 |
|
|
| Total investment in |
|
|
|
|
|
|
|
|
|
|
|
| associated companies |
|
|
|
|
|
|
282 |
|
242 |
|
|
Where the above entities’ financial year-ends are not coterminous with that of the Company, financial information has been obtained
from published information or management accounts as appropriate.
Refer to note 5 in the Group annual financial statements for further details of the carrying amount of the associated companies.
Summarised balance sheet and income statement
The Group’s effective share of income statement and balance sheet items in respect of associated companies is as follows:
| |
2007 |
|
2006 |
| |
Rm |
|
Rm |
| Income statement |
|
|
|
| Revenue |
307 |
|
253 |
| Operating profit |
58 |
|
49 |
| Financial income and expenses |
(11) |
|
(11) |
| Profit before taxation |
47 |
|
38 |
| Taxation |
(15) |
|
(11) |
| Profit after taxation |
32 |
|
27 |
| Adjustment for cross holding with Netpartner |
|
|
1 |
| Attributable earnings of associates |
32 |
|
28 |
| Balance sheet |
|
|
|
| Non-current assets |
297 |
|
148 |
| Current assets |
155 |
|
95 |
| Total assets |
452 |
|
243 |
| Equity |
87 |
|
59 |
| Non-current liabilities |
225 |
|
109 |
| Current liabilities |
140 |
|
75 |
| Total equity and liabilities |
452 |
|
243 |
|
