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Annual integrated report 2011


Annexure D

INTEREST IN JOINT VENTURES

      Percentage holding (%)
Company Country of incorporation Nature of business 2011   2010 2009
    Day case centre and consulting        
BMI Southend Private Hospital Limited United Kingdom room facility 50   50  
BMI Imaging Clinic Limited United Kingdom Medical practice activities 50      
Constantia Clinic (Proprietary) Limited (note 2) South Africa Hospital/healthcare services 50   50  
The Thornbury Radiosurgery Centre Limited United Kingdom Radiosurgical Centre 50   50 50
    Providers of acute and        
National Renal Care (Proprietary) Limited South Africa chronic renal care 50   50 50
Netcare Parklands Linac Joint Venture   Providers of radiation        
(Proprietary) Limited (note 3) South Africa therapy treatments       45
Netcare St Anne’s Linac Joint Venture   Providers of radiation        
(Proprietary) Limited (note 4) South Africa therapy treatments       50
Netcare Vocation Health Services Limited United Kingdom   50   50 50
Olivedale Clinic Oncology   Providers of radiation        
Centre (Proprietary) Limited South Africa therapy treatments 50   50 50
Rand Clinic Oncology   Providers of radiation        
Centre (Proprietary) Limited South Africa therapy treatments 50   50 50
Waterberg Lodge (Proprietary) Limited South Africa Hospitality Services 50   50 50
Other            
Total interest in joint ventures            
Included in:            
Trade and other receivable (refer to note 9 in the Group annual financial statements)            
Trade and other payable (refer to note 21 in the Group annual financial statements)            
             

      Carrying value (Rm)
Company Country of incorporation Nature of business 2011   2010 2009
    Day case centre and consulting        
BMI Southend Private Hospital Limited United Kingdom room facility        
BMI Imaging Clinic Limited United Kingdom Medical practice activities        
Constantia Clinic (Proprietary) Limited (note 2) South Africa Hospital/healthcare services (1)   1  
The Thornbury Radiosurgery Centre Limited United Kingdom Radiosurgical Centre        
    Providers of acute and        
National Renal Care (Proprietary) Limited South Africa chronic renal care (1)     1
Netcare Parklands Linac Joint Venture   Providers of radiation        
(Proprietary) Limited (note 3) South Africa therapy treatments        
Netcare St Anne’s Linac Joint Venture   Providers of radiation        
(Proprietary) Limited (note 4) South Africa therapy treatments        
Netcare Vocation Health Services Limited United Kingdom          
Olivedale Clinic Oncology   Providers of radiation        
Centre (Proprietary) Limited South Africa therapy treatments     (1) (1)
Rand Clinic Oncology   Providers of radiation        
Centre (Proprietary) Limited South Africa therapy treatments (12)   (5) (13)
Waterberg Lodge (Proprietary) Limited South Africa Hospitality Services 5   6 6
Other           4
Total interest in joint ventures     (9)   1 (3)
Included in:            
Trade and other receivable (refer to note 9 in the Group annual financial statements)     5   7 11
Trade and other payable (refer to note 21 in the Group annual financial statements)     (14)   (6) (14)
      (9)   1 (3)
Notes
1 The amounts reflected in the carrying value above consist of loans receivable and payable.
2 Constantia Clinic (Proprietary) Limited became a joint venture with effect from 1 October 2009.
3 Netcare Parklands Linac Joint Venture (Proprietary) Limited became a subsidiary with effect from 1 October 2009 (Refer to Annexure A ).
4 Netcare St Anne’s Linac Joint Venture (Proprietary) Limited became a subsidiary with effect from 1 October 2009 (Refer to Annexure A ).

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 2011   2010   2009
Income statement          
Revenue 309   251   223
Profit before taxation 31   25   25
Taxation (10)   (7)   (8)
Profit after taxation 21   18   17
Statement of financial position          
Non-current assets 83   73   76
Current assets 86   65   33
Total assets 169   138   109
Equity 48   38   35
Non-current liabilities 49   38   31
Current liabilities 72   62   43
Total equity and liabilities 169   138   109