| R million | Year ended 30 June 2017 Headline earnings(1) |
30 June 2017 Net assets | Year ended 30 June 2016 |
30 June 2016 Net assets |
||
|---|---|---|---|---|---|---|
| Book value(2) |
Intrinsic value |
Headline earnings(1) Restated* | Book value(2) Restated* |
Intrinsic value |
||
| Healthcare | ||||||
| Mediclinic | 1 875 | 33 763 | 41 568 | 1 566 | 33 629 | 69 691 |
| Banking | ||||||
| RMBH | 2 232 | 14 016 | 23 350 | 2 112 | 13 132 | 22 356 |
| FirstRand | 931 | 5 010 | 10 365 | 877 | 4 652 | 9 857 |
| Consumer products | ||||||
| Unilever | 449 | 3 737 | 10 702 | 461 | 3 589 | 10 650 |
| Distell | 481 | 3 727 | 9 556 | 499 | 3 500 | 10 723 |
| RCL Foods* | 424 | 7 553 | 10 173 | 645 | 7 272 | 9 278 |
| Insurance | ||||||
| RMI Holdings | 1 041 | 7 277 | 17 532 | 888 | 7 157 | 18 526 |
| Industrial | ||||||
| Air Products | 298 | 1 047 | 4 298 | 275 | 933 | 4 241 |
| KTH | 34 | 1 684 | 2 466 | (229) | 1 631 | 2 723 |
| Total | 224 | 1 640 | 2 167 | 291 | 1 575 | 1 879 |
| PGSI | 25 | 643 | 643 | 36 | 734 | 734 |
| Wispeco | 169 | 821 | 1 368 | 144 | 702 | 1 055 |
| Infrastructure | ||||||
| Grindrod | (48) | 1 915 | 1 915 | (45) | 1 986 | 1 986 |
| CIV group | 110 | 2 242 | 4 829 | 64 | 1 871 | 3 166 |
| SEACOM | (33) | 321 | 896 | (33) | 655 | 1 043 |
| Other infrastructure interests | 7 | 520 | 520 | 20 | 540 | 540 |
| Media and sport | ||||||
| eMedia Investments | 49 | 1 147 | 1 424 | 28 | 1 116 | 1 342 |
| Other media and sport interests | (107) | 365 | 319 | (64) | 328 | 328 |
| Other investments | 70 | 3 947 | 3 932 | 67 | 3 737 | 3 717 |
| Central treasury | ||||||
| Cash at the centre/Finance income | 349 | 12 223 | 12 223 | 125 | 3 778 | 3 778 |
| Debt at the centre/Finance costs | (216) | (13 907) | (13 907) | (1 602) | (16 452) | (16 452) |
| Other net corporate costs/assets | (143) | 2 741 | 3 164 | (251) | 2 779 | 3 149 |
| 8 221 | 92 432 | 149 503 | 5 874 | 78 844 | 164 310 | |
| Potential CGT liability | (7 010) | (6 526) | ||||
| Total | 92 432 | 142 493 | 78 844 | 157 784 | ||
Additional segmental information is disclosed in note 12.1 in the annual financial statements.
| (1) | Refer to note 2 for the calculation of headline earnings. |
| (2) | Total book value equals shareholders’ equity. |
| * | For details of the restatement refer to note 15. |
