Annexure C
Interest in joint ventures
| |
|
|
Percentage holding |
|
| |
|
|
2009 |
|
2008 |
|
2007 |
|
| |
Company |
Nature of business |
% |
|
% |
|
% |
|
| |
National Renal Care (Proprietary) Limited |
Providers of acute and chronic renal care |
50 |
|
50 |
|
50 |
|
| |
Olivedale Clinic Oncology Centre (Proprietary) Limited |
Providers of radiation therapy treatments |
50 |
|
50 |
|
50 |
|
| |
Parklands Stereotactic Radiosurgery (Proprietary) Limited |
Providers of stereotactic radiosurgery |
50 |
|
50 |
|
50 |
|
| |
Rand Clinic Oncology Centre (Proprietary) Limited |
Providers of radiation therapy treatments |
50 |
|
50 |
|
50 |
|
| |
Waterberg Lodge (Proprietary) Limited |
Hospitality services |
50 |
|
50 |
|
100 |
|
| |
Other |
|
|
|
|
|
|
|
| |
Total interest in joint ventures |
|
|
|
|
|
|
|
| |
Included in: |
|
|
|
|
|
|
|
| |
Trade and other receivable (refer to note 8 in the Group annual financial statements) |
|
|
|
|
|
|
|
| |
Trade and other payable (refer to note 19 in the Group annual financial statements) |
|
|
|
|
|
|
|
| |
|
|
|
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| |
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Carrying value |
|
| |
|
|
2009 |
|
2008 |
|
2007 |
|
| |
Company |
Nature of business |
Rm |
|
Rm |
|
Rm |
|
| |
National Renal Care (Proprietary) Limited |
Providers of acute and chronic renal care |
1 |
|
|
|
|
|
| |
Olivedale Clinic Oncology Centre (Proprietary) Limited |
Providers of radiation therapy treatments |
(1) |
|
|
|
(2) |
|
| |
Parklands Stereotactic Radiosurgery (Proprietary) Limited |
Providers of stereotactic radiosurgery |
|
|
|
|
(1) |
|
| |
Rand Clinic Oncology Centre (Proprietary) Limited |
Providers of radiation therapy treatments |
(13) |
|
(11) |
|
(14) |
|
| |
Waterberg Lodge (Proprietary) Limited |
Hospitality services |
6 |
|
|
|
|
|
| |
Other |
|
4 |
|
4 |
|
|
|
| |
Total interest in joint ventures |
|
(3) |
|
(7) |
|
(17) |
|
| |
Included in: |
|
|
|
|
|
|
|
| |
Trade and other receivable (refer to note 8 in the Group annual financial statements) |
|
11 |
|
4 |
|
|
|
| |
Trade and other payable (refer to note 19 in the Group annual financial statements) |
|
(14) |
|
(11) |
|
(17) |
|
| |
|
|
(3) |
|
(7) |
|
(17) |
|
Notes
1. The amounts reflected in the carrying value above consist of loans receivable and payable.
2. All companies are incorporated in South Africa unless otherwise stated.
Summarised statement of financial position and income statement
The Group’s effective share of income statement and the statement of financial position items in respect of joint ventures is as follows:
| |
Rm |
2009 |
|
2008 |
|
2007 |
|
| |
Income statement |
|
|
|
|
|
|
| |
Revenue |
206 |
|
168 |
|
141 |
|
| |
Profit before taxation |
32 |
|
24 |
|
27 |
|
| |
Taxation |
(8) |
|
(5) |
|
(4) |
|
| |
Profit after taxation |
24 |
|
19 |
|
23 |
|
| |
Statement of financial position |
|
|
|
|
|
|
| |
Non-current assets |
54 |
|
49 |
|
46 |
|
| |
Current assets |
29 |
|
30 |
|
20 |
|
| |
Total assets |
83 |
|
79 |
|
66 |
|
| |
Equity |
37 |
|
25 |
|
24 |
|
| |
Non-current liabilities |
10 |
|
17 |
|
18 |
|
| |
Current liabilities |
36 |
|
37 |
|
24 |
|
| |
Total equity and liabilities |
83 |
|
79 |
|
66 |
|
|
