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Annual integrated report 2011


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