Scope and boundary

This report covers all of the Group’s southern Africa operations including its subsidiaries – Alliance Medical Group Limited (Alliance Medical) in Europe, Scanmed S.A. (Scanmed) in Poland – and its joint venture, Max Healthcare Institute Limited (Max Healthcare) in India. Refer to annexure B of our Group annual financial statements for a simplified Group structure.

The report covers the financial year 1 October 2016 to 30 September 2017. Any informative and material information after 30 September 2017 was included, and is identified in the report where applicable. Aside from the acquisition of Alliance Medical in November 2016, there were no material changes to the structure, ownership or products and services of Life Healthcare.

Our key subsidiaries and joint venture’s year-ends are:

Alliance Medical
30 September (financial year-end changed from March to September in the current financial year)
Scanmed
30 September (financial year-end changed from December to September in the current financial year)
Max Healthcare
31 March (performance information for the year ended 30 September is included in this report)

For purposes of this report, the term territories refers to our southern Africa operations, Alliance Medical, Scanmed and Max Healthcare.

Reporting suite

Life Healthcare’s reporting suite is available on our website www.lifehealthcare.co.za.

Report Content, frameworks and guidelines
Integrated report

This is Life Healthcare’s primary report, aimed at the providers of financial capital. This report was compiled with information that the board of directors (the board) and management believe is relevant and material (refer to our material matters) to provide a comprehensive view of the Group’s performance. It is recommended that this report is read in conjunction with the Group annual financial statements.

The information in this report was guided by local and international guidelines. These include:

  • the International Integrated Reporting Council’s (IIRC) Integrated Reporting Framework (<IR> Framework);
  • the reporting principles contained in the King IV Report on Corporate Governance for South Africa 2016 (King IV);
  • JSE Limited Listings Requirements (JSE Listings Requirements);
  • the South African Companies Act, 71 of 2008, as amended (Companies Act); and
  • International Financial Reporting Standards (IFRS).
Group annual financial statements Life Healthcare’s audited consolidated and Company financial statements in accordance with IFRS, the Companies Act and the JSE Listing Requirements.
Board and executive management members’ biographies This supplementary report details brief curricula vitae of the members of Life Healthcare’s board and executive management. It includes the leadership structures and team members of each of the four territories we operate in.
Notice of annual general meeting and abridged shareholder report The required statutory information and notice of annual general meeting which are distributed to shareholders to convene the annual general meeting.

Feedback

Life Healthcare strives to achieve high standards in all disclosures within this report and to provide meaningful, accurate, complete, transparent and balanced information to stakeholders. We welcome feedback and invite you to contact the Group Company Secretary, Fazila Patel, should you have any questions. Her information is as follows:

+27 11 219 9000 or fazila.patel@lifehealthcare.co.za.