| Year ended 30 June 2023 |
30 June 2023 Net assets |
Year ended 30 June 2022 |
30 June 2022 Net assets |
|||
|---|---|---|---|---|---|---|
| Headline earnings(1) |
Book value(2) |
Intrinsic value |
Headline earnings(1) |
Book value(2) |
Intrinsic value |
|
| Healthcare | ||||||
| Mediclinic | 1 691 | 41 050 | 47 268 | 1 267 | 26 681 | 29 568 |
| Consumer products | ||||||
| Distell – entity contribution |
555 | 735 | 8 386 | 11 969 | ||
| – IFRS 3 charge(3) | (32) | (11) | – | – | ||
| Heineken Beverages – entity contribution |
(75) | 12 495 | 12 451 | |||
| – IFRS 3 charge(3) | (6) | – | – | |||
| Capevin | 14 | 1 677 | 1 576 | |||
| RCL Foods | 488 | 9 152 | 7 141 | 846 | 8 816 | 7 355 |
| Siqalo Foods – entity contribution |
344 | 6 212 | 6 007 | 401 | 6 261 | 6 345 |
| – IFRS 3 charge(3) | (80) | – | – | (65) | – | – |
| Financial services | ||||||
| OUTsurance Group | 888 | 5 764 | 15 957 | 796 | 5 307 | 13 069 |
| Business Partners | 72 | 1 289 | 1 260 | 70 | 1 193 | 1 193 |
| Infrastructure | ||||||
| CIVH | 206 | 7 025 | 14 300 | 47 | 6 905 | 13 756 |
| Grindrod | 61 | 263 | 1 559 | 1 559 | ||
| SEACOM | 47 | 98 | 796 | 37 | 40 | 776 |
| Other infrastructure investments | 3 | 57 | 57 | 266 | 67 | 67 |
| Industrial | ||||||
| Air Products | 476 | 1 282 | 4 911 | 422 | 1 162 | 4 690 |
| TotalEnergies | 54 | 3 063 | 3 338 | 1 076 | 3 158 | 3 274 |
| Wispeco | 313 | 1 619 | 1 330 | 281 | 1 448 | 1 402 |
| Other industrial investments | 25 | 204 | 320 | 21 | 189 | 379 |
| Diversified investment vehicles | ||||||
| KTH | 437 | 1 878 | 2 370 | 80 | 1 497 | 2 145 |
| Prescient China Equity Fund | – | 1 137 | 1 137 | – | 1 189 | 1 189 |
| Invenfin | 34 | 771 | 1 136 | 6 | 804 | 1 050 |
| Other diversified investment vehicles | 363 | 1 760 | 1 760 | 9 | 1 864 | 1 864 |
| Media | ||||||
| eMedia Investments | 130 | 897 | 659 | 145 | 856 | 738 |
| Other media investments | 41 | 154 | 182 | 33 | 111 | 150 |
| Portfolio investments | ||||||
| FirstRand | 605 | 6 889 | 6 889 | 389 | 7 141 | 7 141 |
| Discovery | – | 6 167 | 6 167 | – | 5 410 | 5 410 |
| Momentum Metropolitan | 141 | 1 816 | 1 816 | – | 1 439 | 1 439 |
| Other portfolio investments | 58 | 769 | 769 | 55 | 809 | 809 |
| Social impact investments | (24) | 126 | 126 | (20) | 132 | 132 |
| Central treasury | ||||||
| Finance income/cash at the centre | 650 | 9 001 | 9 001 | 224 | 12 280 | 12 280 |
| Finance costs/debt at the centre | (628) | (7 857) | (7 857) | (627) | (7 838) | (7 838) |
| Other net corporate income/(costs)/assets | 205 | 1 425 | 2 122 | (252) | 1 577 | 2 221 |
| 7 056 | 115 920 | 142 989 | 6 494 | 98 443 | 124 132 | |
| Potential CGT liability | (4 186) | (3 930) | ||||
| Total | 7 056 | 115 920 | 138 803 | 6 494 | 98 443 | 120 202 |
