|
|
|
|
|
|
|
|
|
| Unlisted investments at cost |
– |
|
– |
|
428 144 |
|
–* |
|
| * Amounts less than R1 000. |
|
|
|
|
|
| 2016 |
|
|
|
|
| Directly held |
|
|
|
|
| AfroCentric Resources (Pty) Ltd |
Dormant |
South Africa |
100% |
|
| AfroCentric Capital (Pty) Limited |
Dormant |
South Africa |
100% |
|
| ACT Healthcare Assets (Pty) Ltd |
Investment holding |
South Africa |
71.3%** |
|
| ACT Funding (Pty) Ltd |
Financing |
South Africa |
100% |
|
| Indirectly held |
|
|
|
|
| AfroCentric Health (Pty) Limited |
Healthcare administration |
South Africa |
71.3% |
|
The indirectly held subsidiary, Medscheme Holdings (Proprietary) Limited, operates in the healthcare administration and health risk management industry. The total aggregate assets, liabilities and results of Medscheme Holdings (Proprietary) Limited operations are summarised as follows:
Summarised statement of financial position of Medscheme Holdings (Proprietary) Limited:
|
|
|
|
|
| Non-current assets (excluding intangible assets) |
149 183 |
|
139 832 |
|
| Intangible assets |
15 079 |
|
3 483 |
|
| Current assets |
725 973 |
|
679 539 |
|
| Total assets |
890 235 |
|
822 854 |
|
| Non-current liabilities |
22 764 |
|
24 185 |
|
| Current liabilities |
219 484 |
|
211 070 |
|
| Total liabilities |
242 248 |
|
235 255 |
|
| Summarised statement of comprehensive income of Medscheme Holdings
(Proprietary) Limited: |
|
|
|
|
| Revenue |
1 860 722 |
|
1 715 516 |
|
| Profit for the period |
137 889 |
|
189 871 |
|
| Other comprehensive income |
206 |
|
(114) |
|
| Total comprehensive income |
138 095 |
|
189 757 |
|
Summarised statement of comprehensive income of Medscheme Holdings (Proprietary) Limited:
|
|
|
|
|
| Net cash inflow from operating activities |
66 108 |
|
228 051 |
|
| Net cash outflow from investing activities |
(222 380) |
|
(315 609) |
|
| Net cash outflow from financing activities |
36 468 |
|
6 553 |
|
| Net decrease in cash and cash equivalents |
(119 804) |
|
(81 005) |
|
| * |
During the year, the Company’s shareholding in ACT Healthcare Assets (Pty) Ltd was diluted to 71.3% as a result of a share issue to Sanlam. The
proceeds on disposal of R703 million were received in cash. An amount of R456.3 million (being the proportionate share of the carrying amount of the
net assets of ACT Healthcare Assets (Pty) Ltd has been transferred to non-controlling interest (note 17). The difference of R246.6 million between the
increase in the non-controlling interest and the consideration received has been credited directly to equity. |
|