|
|
|
|
|
|
|
|
|
| Carrying value |
24 477 |
|
14 873 |
|
– |
|
– |
|
During the year a 26% interest was purchased in Activo Health (Pty) Ltd. The Group has significant influence over this entity.
At 30 June 2016, Invisible Card Company was fully impaired as the business is not trading.
During the 2015 financial year, AfroCentric Investment Corporation Limited’s shareholding decreased from 20.27% to 19.30%. Subsequently, management has made the decision to sell the Jasco Electronics Holdings Limited investment and was accordingly reclassified this investment to a non-current asset held for sale (refer to note 12). In the current financial year the sale has not materialised and the 19.30% investment in Jasco Electronics Holdings was reclassified to Financial assets at fair value through profit and loss (refer to note 9.11).
In the current year, only Activo Health (Pty) Ltd’s total aggregate assets, liabilities and results of operations are disclosed as it is the most significant associate.
In the prior year, the total aggregate assets, liabilities and results of operation of all associates were included.
|
|
|
|
|
| Non-current assets (excluding intangible assets) |
20 832 |
|
25 601 |
|
| Intangible assets |
– |
|
10 359 |
|
| Current assets |
110 015 |
|
17 802 |
|
| Total assets |
130 847 |
|
53 762 |
|
| Non-current liabilities |
74 918 |
|
27 732 |
|
| Current liabilities |
36 957 |
|
10 808 |
|
| Total liabilities |
111 875 |
|
38 540 |
|
| Total comprehensive income attributable to ordinary shareholders |
7 479 |
|
14 540 |
|
| Net profit for the year |
7 479 |
|
14 540 |
|
| Other comprehensive income |
– |
|
– |
|
|
|
|
|
|
|
|
|
|
| Balance at the beginning of period |
14 873 |
|
77 183 |
|
– |
|
42 493 |
|
| Share of after taxation profit |
10 118 |
|
19 037 |
|
– |
|
– |
|
| Dividends received |
(4 112) |
|
(19 570) |
|
– |
|
– |
|
| Impairment of Invisible Card Company2 |
(5 359) |
|
– |
|
– |
|
– |
|
| Fair value of investment in associates1 |
– |
|
– |
|
– |
|
(17 705) |
|
| Impairment of Jasco1 |
– |
|
(21 792) |
|
– |
|
– |
|
| Purchase of Activo Health3 |
8 957 |
|
– |
|
– |
|
– |
|
| Sale of 1% of AFA Botswana (Pty) Ltd |
– |
|
(292) |
|
– |
|
– |
|
| Reclassification of Jasco Electronics Holdings Limited to non-current assets held for sale2 |
– |
|
(24 788) |
|
– |
|
(24 788) |
|
| Impairment of Afrocentric Health Solutions Limited |
– |
|
(14 905) |
|
– |
|
– |
|
| Balance at the end of period |
24 477 |
|
14 873 |
|
– |
|
– |
|
| Note 1: The investment in Jasco Electronics Holdings Limited was reclassified to a non-current asset held for sale in the prior year. Immediately before the
reclassification to a non-current asset held for sale Jasco was impaired/ fair valued to its recoverable amount being the fair value as at 30 June 2015. In the
current year it was reclassified from non- current asset held for sale to fair value through profit and loss as it no longer met some of the criteria as a non-current
asset held for sale as disclosed in Note 9.10. |
| Note 2: At year end, Invisible Card Company (Pty) Ltd was fully impaired. |
| Note 3: Activo Health (Pty) Ltd was acquired during the year as part of the WAD acquisition to strategically align with the Groups integrated healthcare
offering. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Directly held – listed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Jasco Electronics Holdings Limited |
30 June |
|
44 263 793 |
|
19.3 |
|
19.3 |
|
– |
|
– |
|
– |
|
– |
|
| Unlisted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Activo Health (Proprietary) Limited |
28 February |
|
26 |
|
26 |
|
– |
|
16 436 |
|
– |
|
– |
|
– |
|
| Associated Fund Administrators (Proprietary) Limited |
30 September |
|
24 000 |
|
24 |
|
24 |
|
8 041 |
|
8 800 |
|
– |
|
– |
|
| Invisible Card Company (Pty) Ltd * |
30 June |
|
30 |
|
40 |
|
40 |
|
– |
|
6 073 |
|
– |
|
– |
|
| Afrocentric Health Solutions Limited (Kenya Investments) |
31 December |
|
26 |
|
26 |
|
26 |
|
– |
|
– |
|
– |
|
– |
|
| |
|
|
|
|
|
|
|
|
24 477 |
|
14 873 |
|
– |
|
– |
|
All the above are incorporated in South Africa except for Associated Fund Administrators Botswana (Proprietary) Limited which is incorporated in Botswana and AfroCentric Health Solutions Limited which is incorporated in Kenya.
Due to the Group’s non-controlling interest in Associated Fund Administrators Botswana (Proprietary) Limited and Activo Health (Proprietary) Limited, it has no influence in aligning their reporting dates with the Group’s.
* At year end, Invisible Card Company (Proprietary) Limited was fully impaired.
|
|
|
|
|
|
|
|
|
| Unlisted |
|
|
|
|
|
|
|
|
| Activo Health (Proprietary) Limited |
– |
|
7 479 |
– |
8 957 |
– |
16 436 |
|
| Associated Fund Administrators (Proprietary) Limited |
8 800 |
|
3 353 |
– |
– |
(4 112) |
8 041 |
|
| Invisible Card Company (Pty) Ltd |
6 073 |
|
(714) |
(5 359) |
– |
– |
– |
|
| |
14 873 |
|
10 118 |
(5 359) |
8 957 |
(4 112) |
24 477 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unlisted |
|
|
|
|
|
|
|
|
|
|
|
|
| Activo Health (Proprietary) Limited |
8 957 |
|
– |
|
7 479 |
|
– |
|
16 436 |
|
– |
|
| Associated Fund Administrators (Proprietary) Limited |
523 |
|
523 |
|
7 518 |
|
8 277 |
|
8 041 |
|
8 800 |
|
| Invisible Card Company (Pty) Ltd** |
6 346 |
|
6 346 |
|
(6 346) |
|
(273) |
|
– |
|
6 073 |
|
| Afrocentric Health Solutions Limited (Kenya Investments)* |
18 21 |
|
18 211 |
|
(18 211) |
|
(18 211) |
|
– |
|
– |
|
| |
34 037 |
|
25 080 |
|
(9 560) |
|
(10 207) |
|
24 477 |
|
14 873 |
|
| * |
In 2015 AfroCentric Health Solutions Kenya Limited declared a dividend in specie to Medscheme Holdings (Pty) Ltd which represents the entire value of
the investments in AfroCentric Health Solutions Kenya Limited, being the shares AAR Insurance holdings. In 2015, AfroCentric Health Solutions Limited
was fully impaired. |
| ** |
Invisible Card Company (Pty) Ltd was fully impaired at year-end. |
|