LENMED AIR 2019.pdf

Directors’ report The directors present their report for the year ended 28 February 2019. Nature of business Main business and operations The principal activities of the Group during the year were the provision of private patient health care, through management and ownership of hospitals and other related health services. There were no major changes in the nature of the business during the year under review. The Lenmed Investments Group includes the following material entities Subsidiaries Direct Lenmed Health (Pty) Ltd Reg. No. 2005/022423/07 Lenmed Health Africa (Pty) Ltd Reg. No. 2011/130484/07 Indirect Ahmed Kathrada Private Hospital (Pty) Ltd Reg. No. 2006/002764/07 Lenmed Health Shifa (Pty) Ltd Reg. No. 2000/006080/07 Lenmed Health Zamokuhle (Pty) Ltd Reg. No. 2005/017980/07 Lenmed Health Daxina Private Hospital (Pty) Ltd Reg. No. 2006/021573/07 Lenmed Health Randfontein Private Hospital (Pty) Ltd Reg. No. 2012/006706/07 Lenmed Health Management Company (Pty) Ltd Reg. No. 2010/004046/07 Royal Hospital and Heart Centre (Pty) Ltd Reg. No. 2009/011218/07 Maputo Private Hospital SA Reg. No. 17682 Nu-Yale Trust IT 29/1996 Lenmed Health Properties (Pty) Ltd Reg. No. 2012/103789/07 Lenmed Health Laverna (Pty) Ltd Reg. No. 1988/004487/07 Lenmed Ethekwini Hospital and Heart Centre (Pty) Ltd Reg. No. 2002/002222/07 Lenmed Health Bokamoso Private Hospital (Pty) Ltd Reg. No. CO2011/4403 Lenmed Health Kathu Private Hospital (Pty) Ltd Reg. No. 2013/229376/07 Lenmed Health Kathu Properties (Pty) Ltd Reg. No. 2013/146831/07 All the subsidiaries have a place of business within the Republic of South Africa except for Lenmed Health Bokamoso Private Hospital (Pty) Ltd (Incorporated in Botswana) and Maputo Private Hospital SA (Incorporated in Mozambique). Associate companies Renal Care Holdings (Pty) Ltd Reg. No. 2016/027042/07 Lenasia Renal Centre (Pty) Ltd Reg. No. 1999/028225/07 There has been no significant changes to investments during the year. CONSOLIDATED ANNUAL FINANCIAL STATEMENTS 88