Annexure C

INVESTMENT IN ASSOCIATED COMPANIES

			Percentage holding (%)
Company	Country of incorporation	Nature of business	2011	2010	2009
		Providers of healthcare
BMI Sussex Diagnostic Limited	United Kingdom	services (scanning)	49	49	49
Botle Facilities Management	Lesotho	Facilities management	40	40
Chaucer Diagnostics Limited	United Kingdom	Providers of MRI scanning	49	49	49
Community Hospital Management (Proprietary) Limited	South Africa	Hospital/healthcare services	25	25	25
Garden Hospital MRI Limited	United Kingdom	Providers of MRI scanning	40	40	40
KOPM Investment Holdings		Investment company which
(Proprietary) Limited	South Africa	owns Lesedi Hospital	45	45	45
Meriden Hospital Advanced
Imaging Centre Limited	United Kingdom	Providers of MRI scanning	50	50	50
Nalithemba (Proprietary) Limited	South Africa	Hospital/healthcare services	50	50	50
Three Shires Hospital Limited	United Kingdom	Hospital/healthcare services	50	50	50
Tsepong (Proprietary) Limited	Lesotho	Hospital/healthcare services	40	40
Other	South Africa
Total investment in associated companies

			Carrying value (Rm)
Company	Country of incorporation	Nature of business	2011	2010	2009	Year-end other than 30 Sept
		Providers of healthcare
BMI Sussex Diagnostic Limited	United Kingdom	services (scanning)	4	3	2
Botle Facilities Management	Lesotho	Facilities management	1
Chaucer Diagnostics Limited	United Kingdom	Providers of MRI scanning	10	7	7	30 Apr
Community Hospital Management (Proprietary) Limited	South Africa	Hospital/healthcare services	(16)		(13)
Garden Hospital MRI Limited	United Kingdom	Providers of MRI scanning	4	3	4	31 Dec
KOPM Investment Holdings		Investment company which
(Proprietary) Limited	South Africa	owns Lesedi Hospital	34	33	37
Meriden Hospital Advanced
Imaging Centre Limited	United Kingdom	Providers of MRI scanning	5	5	4	31 Dec
Nalithemba (Proprietary) Limited	South Africa	Hospital/healthcare services	102	87	46
Three Shires Hospital Limited	United Kingdom	Hospital/healthcare services	27	21	20	31 Mar
Tsepong (Proprietary) Limited	Lesotho	Hospital/healthcare services	112	(11)	13
Other	South Africa		6	3	4
Total investment in associated companies			289	151	124

Where the above entities financial year-ends are not coterminous with that of the Company, financial information has been obtained from published information or management accounts as appropriate.

Refer to note 5 in the Group annual financial statements for further details of the carrying amount of the associated companies.

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 associated companies are as follows:

Rm	2011	2010	2009
Income statement
Revenue	410	443	352
Operating profit	42	36	41
Financial income and expenses	(14)	(7)	(9)
Profit before taxation	28	29	32
Taxation	(5)	(5)	(5)
Profit after taxation	23	24	27
Statement of financial position
Non-current assets	564	382	276
Current assets	160	117	80
Total assets	724	499	356
Equity	120	99	72
Non-current liabilities	539	320	230
Current liabilities	65	80	54
Total equity and liabilities	724	499	356

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