NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 14

14. INVESTMENT IN JOINT VENTURES

The Group has a 49.9% share in Adcock Ingram Limited (India) and a 50% share in National Renal Care Proprietary Limited. The Group's interest in Adcock Ingram Limited (India) and National Renal Care Proprietary Limited is accounted for using the equity method in the consolidated financial statements and the carrying value of the investments is set out below.

  2016
R’000
  2015
R’000
 
Adcock Ingram Limited (India) 230 955   171 787  
National Renal Care Proprietary Limited 123 184   107 348  
  354 139   279 135  

Refer to Annexure F for further details.


NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS – NOTE 14