Annexure C
Interest in joint ventures
|
|
Percentage holding |
|
Carrying value |
| |
Nature of |
2007 |
|
2006 |
|
2007 |
|
2006 |
| Company |
business |
% |
|
% |
|
Rm |
|
Rm |
| National Renal Care (Proprietary) |
Providers of acute and |
|
|
|
|
|
|
|
| Limited |
chronic renal care |
50 |
|
50 |
|
|
|
|
| Olivedale Clinic Oncology |
Providers of radiation |
|
|
|
|
|
|
|
| Centre (Proprietary) Limited |
therapy treatments |
50 |
|
50 |
|
(2) |
|
(1) |
| Parklands Stereotactic |
Providers of stereotactic |
|
|
|
|
|
|
|
| Radiosurgery (Proprietary) Limited |
radiosurgery |
50 |
|
50 |
|
(1) |
|
(1) |
| Rand Clinic Oncology |
Providers of radiation |
|
|
|
|
|
|
|
| Centre (Proprietary) Limited |
therapy treatments |
50 |
|
50 |
|
(14) |
|
(9) |
| Other |
|
|
|
|
|
|
|
(1) |
| Total interest in joint ventures |
|
|
|
|
|
(17) |
|
(12) |
| Included in: |
|
|
|
|
|
|
|
|
| Accounts receivable (refer to note 8 of |
|
|
|
|
|
|
|
|
| the Group annual financial statements) |
|
|
|
|
|
|
|
2 |
| Accounts payable (refer to note 19 of |
|
|
|
|
|
|
|
|
| the Group annual financial statements) |
|
|
|
|
|
(17) |
|
(14) |
| |
|
|
|
|
|
(17) |
|
(12) |
Notes
| 1. |
The amounts reflected in the carrying value above consist of loans. |
| |
|
| 2. |
All companies are incorporated in South Africa unless otherwise stated. |
Summarised balance sheet and income statement
The Group’s effective share of income statement and balance sheet items in respect of joint ventures is as follows:
| |
2007 |
|
2006 |
| |
Rm |
|
Rm |
| Income statement |
|
|
|
| Revenue |
141 |
|
579 |
| Operating profit |
27 |
|
125 |
| Financial income and expenses |
|
|
(11) |
| Profit before taxation |
27 |
|
114 |
| Taxation |
(4) |
|
(10) |
| Profit after taxation |
23 |
|
104 |
| Balance sheet |
|
|
|
| Non-current assets |
46 |
|
115 |
| Current assets |
20 |
|
136 |
| Total assets |
66 |
|
251 |
| Equity |
24 |
|
157 |
| Non-current liabilities |
18 |
|
24 |
| Current liabilities |
24 |
|
70 |
| Total equity and liabilities |
66 |
|
251 |
|
