Segmental report

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The Hospital segment comprises all the private hospitals in southern Africa, the Healthcare Services segment comprises of Life Esidimeni, Life Occupational Health and Careways Wellness, while the Other segment comprises Corporate.

R’m
6 months
31 March
2016
  6 months
31 March
2015
  12 months
30 September
2015
 
Operating segments            
Revenue            
Southern Africa            
Hospitals 6 842   6 317   13 133  
Healthcare Services 446   417   866  
Poland            
Hospitals 572   355   648  
Total 7 860   7 089   14 647  
Profit before items detailed below            
Southern Africa            
Hospitals 1 635   1 542   3 201  
Healthcare Services 70   76   157  
Other 77   67   191  
Poland            
Hospitals 47   18   54  
Operating profit before items detailed below 1 829   1 703   3 603  
Amortisation of intangible assets (65)   (57)   (127)  
Contingent consideration released 66     21  
Other (4)   (1)   5  
Operating profit 1 826   1 645   3 502  
Fair value gain on derivative financial instruments 12   20   29  
Finance income 33   11   12  
Finance cost (279)   (228)   (445)  
Share of associates’ and joint ventures’ net profit after tax (1)   2   14  
Profit before tax 1 591   1 450   3 112  

Operating profit before items detailed includes the segment’s share of shared services and rental costs. These costs are all at market-related rates.

R’m
6 months
31 March
2016
  6 months
31 March
2015
  12 months
30 September
2015
 
Total assets before items below            
Southern Africa 13 239   9 640   10 710  
Poland 3 481   4 201   4 419  
Total assets before items detailed below 16 720   13 841   15 129  
Deferred tax assets 453   260   341  
Current income tax asset   27   36  
Retirement benefit asset 403   400   389  
Post-retirement medical aid 17   18   17  
Derivative financial instruments 32   16   23  
Total assets per the balance sheet 17 625   14 562   15 935  
Net debt            
Southern Africa 6 342   5 423   5 625  
Poland 1 038   342   307  
  7 380   5 765   5 932  

Liabilities are reviewed on a net-debt basis, which comprises all interest-bearing borrowings and overdraft balances (net cash on hand).