SUMMARISED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

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    %
change
   Unaudited
six months
ended
31 December
2016
R’000
   Unaudited
six months
ended
31 December
2015
R’000
   Restated
audited
year ended
30 June
2016
R’000
 
Healthcare service revenue     1 300 155   1 121 661#   2 399 669  
Healthcare service operating costs     (1 069 204)   (913 173)#   (2 055 514)  
Healthcare service operating profit 10.77   230 951   208 488   344 155  
Healthcare retail revenue     509 778   320 406#   748 477  
Healthcare retail cost of sales     (409 909)   (251 219)#   (588 204)  
Healthcare retail gross profit 44.35   99 869   69 187   160 273  
Healthcare retail operating costs     (72 070)   (69 113)#   (128 067)  
Total healthcare operating profit 24.06   258 750   208 562   376 361  
Impairment of assets     2 895     (21 469)  
Net finance and investment income     13 150   11 230   29 964  
– Finance and investment income     36 130   13 636   59 471  
– Finance cost: Conditional put option obligation     (22 953)     (24 960)  
– Finance cost: Other     (27)   (2 406)   (4 547)  
Share-based payment expense     (2 096)   (3 222)   (6 444)  
Share of associate profits     9 907   2 469   10 118  
Profit before depreciation and amortisation     282 606   219 039   388 530  
Depreciation     (20 652)   (17 643)   (38 011)  
Amortisation of intangible assets (NOTE 2)     (42 135)   (50 716)   (79 332)  
Profit before income taxation 45.88   219 819   150 680   271 187  
Taxation expense     (66 600)   (41 121)   (77 515)  
Profit for the period after taxation 39.85   153 219   109 559   193 672  
Other comprehensive (loss)/income     (3 007)   5 166   4 971  
Total comprehensive income for the period     150 212   114 725   198 643  
Attributable to:                
Equity holders of the Parent     98 046   99 194   145 320  
Non-controlling interest (NOTE 3)     52 166   15 531   53 323  
      150 212   114 725   198 643  
NOTE 1  
# Certain amounts have been regrouped for a more meaningful comparison with the June 2016 audited results.  
The audited results for the year ended 30 June 2016 have been restated.  

NOTE 2

Intangible assets Carrying value
31 December
2016
  Amortisation
31 December
2016
  Amortisation
31 December
2015
 
Goodwill – AfroCentric Health 398 122      
Goodwill – WAD acquisition 473 954      
Customer relationships – WAD acquisition 76 808   (4 474)   (16 824)  
AfroCentric Health intangible assets 491 289   (37 661)   (33 892)  
AfroCentric Health intangible PPA 25 931   (2 916)   (7 059)  
AfroCentric Health intangible Software 369 214   (24 298)   (18 485)  
Insurance Fraud Manager (Fraud Management Software) 96 144   (10 447)   (8 348)  
  1 440 173   (42 135)   (50 716)  

NOTE 3
The significant increase in the comparable amount attributable to Non-controlling interest arises substantially through the subscription by Sanlam for 28.7% of the shares in ACT Healthcare Assets (Pty) Ltd.