LENMED AIR 2019.pdf

Group Figures in R’000 2019 Restated 2018 18. Other reserves Foreign currency translation reserve 141 067 67 727 Share based payment reserve - 5 413 141 067 73 140 Foreign currency translation reserve This reserve exists due to exchange differences arising on translation of assets and liabilities of the Group’s foreign subsidiaries, Lenmed Health Bokamoso Private Hospital (Pty) Ltd and Maputo Private Hospital SA. The foreign currency translation reserve has been valued as stated in note 3.20. Share-based payment reserve In the current year the Group changed the settlement classification of share-based payments from equity-settled to cash settled. Please refer to note 22 for further information. Group Figures in R’000 2019 Restated 2018 19. Non-controlling interests Non-controlling interests relate to outside shareholders of Lenmed Health Bokamoso Private Hospital (Pty) Ltd (30% Non-controlling interest), Lenmed Health Kathu Private Hospital (Pty) Ltd (33% Non-controlling interest), Lenmed Health Kathu Properties (Pty) Ltd (40% Non-controlling interest), Lenmed Health Laverna (Pty) Ltd (4.42% Non-controlling interest) and Lenmed Ethekwini Hospital and Heart Centre (Pty) Ltd (23.04% Non- controlling interest) and are made up as follows: Opening balance 135 434 202 694 Dividends (305) - Additional investment in subsidiary (960) (99 350) Profit for the year 32 735 32 570 Foreign currency translation 2 842 (480) CLOSING BALANCE 169 746 135 434 Summary of financial information for Lenmed Ethekwini Hospital and Heart Centre (Pty) Ltd Non-current assets 830 122 771 531 Current assets 120 514 108 887 Non-current liabilities 372 247 329 331 Current liabilities 58 977 75 141 Revenue 647 117 576 516 Profit after taxation 87 104 79 582 Summary of financial information for other non-controlling interests Non-current assets 502 010 205 700 Current assets 278 936 241 889 Non-current liabilities 632 533 165 797 Current liabilities 139 378 136 586 LENMED ANNUAL INTEGRATED REPORT 2019 111