Segmental report

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The Hospital segment comprises all the acute hospitals, acute rehabilitation, mental health, renal dialysis and oncology units in southern Africa. The Healthcare Services segment comprises of Life Esidimeni, Life Occupational Health and Careways Wellness. International comprises Poland while the Other segment comprises Corporate.

Inter-segment revenue that is eliminated relates to revenue with Careways Wellness Proprietary Limited of R3 million (2015: Nil).

R’m 30 September 
2016 
  30 September 
2015 
 
Operating segments        
Revenue        
Southern Africa        
Hospitals 14 381     13 133    
Healthcare Services  849     866    
International           
Hospitals  1 174     648    
Total  16 404     14 647    
EBITDA before items detailed below  4 314     4 048    
Southern Africa           
   Hospitals  3 819     3 575    
   Healthcare Services  120     168    
   Other  255     214    
International           
   Hospitals  120     91    
Depreciation  (530)    (445)   
Southern Africa  (468)    (408)   
International  (62)    (37)   
Amortisation  (147)    (127)   
Southern Africa  (124)    (117)   
International  (23)    (10)   
EBIT           
Southern Africa  3 602     3 432    
International  35     44    
EBIT before items detailed below  3 637     3 476    
Retirement benefit asset and post-employment medical aid expenses  23     20    
Operating profit  3 660     3 496    
Contingent consideration released  109     21    
Transaction costs  (12)    (15)   
Impairment of investment  (370)      
Loss recognised on remeasuring previously held interest in  associate to fair value  (23)      
Fair value (loss)/gain on derivative financial instruments  (2)    29    
Other  (6)    –    
Finance income  12     12    
Finance costs  (512)    (445)   
Share of associates’ and joint ventures’ net profit after tax     14    
Profit before tax  2 864     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 Year ended
30 September
2016
  Year ended
30 September
2015
 
Total assets before items below        
Southern Africa 11 433   10 710  
International 5 149   4 419  
  16 582   15 129  
Employee benefit assets 433   394  
Deferred tax assets 426   341  
Derivative financial assets 17   23  
Income tax receivable 39   36  
Total assets per the balance sheet 17 497   15 923  
Net debt        
Southern Africa 6 121   5 625  
International 1 086   307  
  7 207   5 932  

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