| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 11 |
|
| 11. |
Investment in subsidiaries
| |
GROUP
R'000 |
|
GROUP
R'000 |
|
COMPANY
R'000 |
|
COMPANY
2013 |
|
Unlisted investments at cost |
– |
|
– |
|
* |
|
* |
|
| * Amounts less than R1,000 |
| Name |
Main business |
Country of incorporation |
Interest held |
| 2014 and 2013 |
|
|
|
| Directly held |
|
|
|
| AfroCentric Resources (Pty) Ltd |
Dormant |
South Africa |
100.0% |
| AfroCentric Capital (Pty) Limited |
Dormant |
South Africa |
100.0% |
| ACT Healthcare Assets (Pty) Ltd |
Investment holding |
South Africa |
100.0% |
| ACT Funding (Pty) Ltd |
Financing |
South Africa |
100.0% |
| Indirectly held |
|
|
|
| AfroCentric Health Limited |
Healthcare administration |
South Africa |
94.1% |
The indirectly held subsidiary, AfroCentric Health Limited, operates in the healthcare administration industry and all directly held subsidiaries operate in the investment holding and financing industries. The total aggregate assets, liabilities and results of AfroCentric Health Limited Group’s operations are summarised as follows:
Summarised statement of financial position of AHL:
| |
GROUP
June 2014
R'000 |
|
GROUP
June 2013
R'000 |
|
| Non-current assets (excluding intangible assets) |
231 565 |
|
261 540 |
|
| Intangible assets |
453 793 |
|
475 912 |
|
| Current assets |
626 642 |
|
538 628 |
|
| Total assets |
1 312 000 |
|
1 276 080 |
|
| Non-current liabilities |
43 090 |
|
52 368 |
|
| Current liabilities |
198 270 |
|
193 536 |
|
| Total liabilities |
241 360 |
|
245 904 |
|
| Accumulated non-controlling interest |
16 543 |
|
17 098 |
|
Summarised statement of comprehensive income of AHL:
| |
GROUP
June 2014
R'000 |
|
GROUP
June 2013
R'000 |
|
| Revenue |
1 954 705 |
|
1 771 370 |
|
| Profit for the period |
192 538 |
|
250 847 |
|
| Other comprehensive income |
83 |
|
1 900 |
|
| Total comprehensive income |
192 621 |
|
252 747 |
|
| Profit attributable to non-controlling interest |
6 283 |
|
6 725 |
|
| Dividends paid to non-controlling interest |
6 838 |
|
4 053 |
|
Summarised statement of cash flows of AHL:
| |
GROUP
June 2014
R'000 |
|
GROUP
June 2013
R'000 |
|
| Net cash inflow from operating activities |
126 689 |
|
283 063 |
|
| Net cash outflow from investing activities |
(64 811) |
|
(7 107) |
|
| Net cash outflow from financing activities |
(961) |
|
(112 787) |
|
| Net increase in cash and cash equivalents |
61 000 |
|
1 990 |
|
|
| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 11 |
|
|