| SUMMARISED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
| 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 |
||||
| Balance at beginning of the period | 1 563 582 | 1 167 079 | 1 167 079 | |||
|---|---|---|---|---|---|---|
| Issue of share capital | – | 445 589 | 445 590 | |||
| Share-based awards reserve | 2 096 | 3 222 | 6 444 | |||
| Distribution to shareholders | (66 525) | (55 438) | (121 963) | |||
| Net profit for the period | 98 046 | 99 194 | 145 320 | |||
| Transferred to conditional put option reserve | 22 953 | – | 24 960♦ | |||
| Conditional put option reserve | (22 953) | (703 000) | (727 960) | |||
| Conditional put option reserve at inception | – | (703 000) | (703 000) | |||
| Transferred from distributable reserve | (22 953) | – | (24 960) | |||
| Profit attributable to minorities | 52 166 | 15 531 | 53 323 | |||
| Sanlam investment | – | 703 000 | 703 000 | |||
| Premium on subscription | – | 246 738 | 246 738 | |||
| Changes in ownership | – | 456 262 | 456 262 | |||
| AHL minorities share buy-back | – | – | (122 164) | |||
| Increase in shareholding of Klinikka | – | – | (525) | |||
| Distribution to minorities | (18 265) | (9 529) | (9 522) | |||
| Balance at end of the period | 1 631 100 | 1 665 648 | 1 563 582 |
| 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. | |
| Intangible assets | Carrying value 31 December 2016 |
Amortisation 31 December 2016 |
Amortisation 31 December 2015 |
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| 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.