NOTES TO THE FINANCIAL STATEMENTS | Note 19

19. REVENUE
 
  Group    Company   
  2020
R’000		   2019
R’000		   2020
R’000		   2019
R’000		  
Revenue from sale of goods 1 884 589   1 722 521   –   –  
Administration fees 1 558 786   1 507 340   –   –  
Health risk management fees – medical aid schemes 1 218 151   1 192 380   –   –  
Health risk management fees – Capitation funds* 1 011 817   317 257   –   –  
Management fees 17 914   33 740   –   –  
IT revenue and other 503 320   398 355   –   –  
Marketing fees* 209 757   96 280   –   –  
Healthcare insurance 36 632   28 919   –   –  
Revenue from performance of services 4 556 377   3 574 271   –   –  
Total revenue from contracts with customers 6 440 966   5 296 792   –   –  
* Due to the significant increase in revenue from the prior year, it was deemed appropriate to disaggregate this revenue stream in the current year.
(A) Disaggregation of revenue from contracts with customers
 

In the following table, revenue from contracts with customers is disaggregated by primary geographical market, major products and service lines and timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue with the Group/Company’s reportable segments (see Note 4).

          Group          
  Admini-
stration
fees
R’000		 Health risk
manage-
ment
fees –
medical aid
schemes
R’000		 Manage-
ment
fees
R’000		 Health-
care insurance
R’000		 IT
revenue
and
other
R’000		 Retail
R’000		 Health risk
manage-
ment
fees –
Capitation
funds
R’000		 Marketing
fees
R’000		 Group
total
R’000		  
Revenue for the year ended 30 June 2020 disaggregated by type of goods or services – Group  
Primary geographical markets                    
South Africa 1 392 593 1 202 094 16 320 28 023 503 320 1 884 589 1 011 817 209 757 6 248 513  
Africa 166 193 16 057 1 594 8 609 – – – – 192 453  
  1 558 786 1 218 151 17 914 36 632 503 320 1 884 589 1 011 817 209 757 6 440 966  
Major product/service line                    
Admin health 1 558 786 – – – 503 320 – 1 011 817 209 757 3 283 680  
Retail (Pharma) – – – – – 1 884 589 – – 1 884 589  
Managed healthcare – 1 218 151 17 914 36 632 – – – – 1 272 697  
  1 558 786 1 218 151 17 914 36 632 503 320 1 884 589 1 011 817 209 757 6 440 966  
Timing of revenue recognition                    
Products transferred at a point in time – – – – – 1 884 589 – – 1 884 589  
Products and services transferred over time 1 558 786 1 218 151 17 914 36 632 503 320 – 1 011 817 209 757 4 556 377  
  1 558 786 1 218 151 17 914 36 632 503 320 1 884 589 1 011 817 209 757 6 440 966  

 

          Group          
  Admini-
stration
fees
R’000		 Health risk
manage-
ment
fees –
medical aid
schemes
R’000		 Manage-
ment
fees
R’000		 Health-
care insurance
R’000		 IT
revenue
and
other
R’000		 Retail
R’000		 Health risk
manage-
ment
fees –
Capitation
funds
R’000		 Marketing
fees
R’000		 Group
total
R’000		  
Revenue for the year ended 30 June 2020 disaggregated by type of goods or services – Group  
Primary geographical markets                    
South Africa 1 507 340 1 192 380 33 740 – 398 355 1 722 521 317 257 96 280 5 267 873  
Africa – – – 28 919 – – – – 28 919  
  1 507 340 1 192 380 33 740 28 919 398 355 1 722 521 317 257 96 280 5 296 792  
Major product/service line                    
Admin health 1 507 340 – – – 398 355 – – 96 280 2 001 975  
Retail (Pharma) – – – – – 1 722 521 – – 1 722 521  
Managed healthcare – 1 192 380 33 740 28 919 – – 317 257 – 1 572 296  
  1 507 340 1 192 380 33 740 28 919 398 355 1 722 521 317 257 96 280 5 296 792  
Timing of revenue recognition                    
Products transferred at a point in time – – – – – 1 722 521 – – 1 722 521  
Products and services transferred over time 1 507 340 1 192 380 33 740 28 919 398 355 – 317 257 96 280 3 574 271  
  1 507 340 1 192 380 33 740 28 919 398 355 1 722 521 317 257 96 280 5 296 792  
(B) Contract balances
 

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.

  Group    Company   
  2020 
R’000 		   2019 
R’000 		   2020
R’000		   2019
R’000		  
Current contract receivables                
Trade receivables 448 874    391 912    –   –  
Contract assets –    282    –   –  
Trade receivables impairment (35 262)   (30 041)   –   –  

Performance obligations and revenue recognition policies

Revenue is measured based on the consideration specified in a contract with a customer.

The Group recognises revenue when it transfers control over a good or for services rendered, once the performance obligation of the service is satisfied.

The table in Note 1(m)(i) provides information about the nature and timing of the satisfaction of performance obligations in contracts with customers, including significant payment terms, and the related revenue recognition policies.

All contracts within the Group have a single performance obligation hence the allocation of transaction price is not required.

NOTES TO THE FINANCIAL STATEMENTS | Note 19