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Integrated Report 2016
ANNUAL FINANCIAL STATEMENTS
(continued)
SIX
THREE
ONE
FOUR
TWO
2.
NATIONAL RENAL CARE PROPRIETARY LIMITED
STATEMENT OF FINANCIAL POSITION
2016
2015
R’000
R’000
Property, plant and equipment
122 492
93 157
Loans receivable
33 266
33 266
Investment in associate
15 407
10 744
Deferred tax
14 658
11 777
Non-current assets
185 823
148 944
Inventories
20 265
17 820
Trade and other receivables
52 856
65 769
Cash and cash equivalents
160 700
128 103
Current assets
233 821
211 692
Total assets
419 644
360 636
Trade and other payables
96 524
79 622
Provisions
11 897
11 996
Taxation payable
2 952
1 455
Current liabilities
111 373
93 073
Total liabilities
111 373
93 073
Non-controlling interests
61 903
52 868
Equity
246 368
214 695
Proportion of Group’s ownership
50.0%
50.0%
Carrying amount of the investment
123 184
107 348
STATEMENT OF COMPREHENSIVE INCOME
Turnover
831 281
783 698
Cost of sales
(658 650)
(627 048)
Gross profit
172 631
156 650
Selling, distribution and marketing expenses
(100 277)
(79 595)
Fixed and administrative (expenses)/income
(3 103)
328
Operating profit
69 251
77 383
Finance income
8 763
6 365
Finance costs
(144)
(219)
Equity accounted earnings
4 925
3 052
Profit before taxation
82 795
86 581
Taxation
(22 088)
(22 858)
Profit for the year
60 707
63 723
Less:
Non-controlling interests
(9 035)
(12 218)
Profit attributable to owners of the parent
51 672
51 505
Group’s share of profit for the year
25 836
25 752