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Change Statement and notice of annual general meeting
ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Group” or “Advanced”)
ISIN Code: ZAE000189049
JSE Code: AVL
CHANGE STATEMENT AND NOTICE OF THE ANNUAL GENERAL MEETING
Change Statement
Shareholders are advised that the Company’s integrated annual report incorporating the audited annual financial statements for the
year ended 30 June 2021 has been finalised and was distributed to shareholders on Friday, 15 October 2021. It is also available on the
Company’s website (www.advancedhealth.co.za). The audited annual financial statements contain certain modifications to the
reviewed results released on SENS on 27 August 2021.
The annual financial statements were audited by the company’s auditors, Mazars and their unmodified report which includes Key Audit
Matters, is included in the integrated annual report and also available for inspection on the company’s website.
The change statement highlights the changes between the audited annual financial statements and the reviewed results published on
27 August 2021.
The impact of the change on the financial results is detailed below:
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2021
Reviewed Audited Audited Restated
30 June 2021 30 June 2021 30 June 2020 30 June 2020
Note R’000 R’000 R’000 ‘R000
Assets
Non-current Assets
Property, plant and equipment 1 195 059 566 676 187 482 628 708
Right of use of asset 1 371 617 - 441 226 -
Investment in associate 35 248 35 248 - -
Goodwill 20 983 20 983 28 958 28 958
Intangible assets 16 817 16 817 19 829 19 829
Other financial assets 26 756 26 756 41 937 41 937
Deferred taxation 45 349 45 349 45 332 45 332
711 829 711 829 764 764 764 764
Current assets
Inventories 19 105 19 105 15 153 15 153
Trade and other receivables 69 219 69 219 34 781 34 781
Current tax receivable 23 23 1 070 1 070
Cash and cash equivalents 107 218 107 218 59 777 59 777
Assets of disposal groups 18 874 18 874 202 705 202 705
214 439 214 439 313 486 313 486
Total assets 926 268 926 268 1 078 250 1 078 250
Reviewed Audited Audited Restated
2021 2021 2020 2020
Note R’000 R’000 R’000 ‘R000
Equity and liabilities
Capital and reserves
Stated capital 271 377 271 377 221 956 221 956
Accumulated loss (255 270) (255 270) (237 150) (237 150)
Foreign currency translation reserve 37 090 37 090 52 640 52 640
Share-based payment reserve 1 283 1 283 1 283 1 283
Equity attributable to equity holders 54 480 54 480 38 729 38 729
of parent
Non-controlling interest 125 261 125 261 115 629 115 629
Total equity 179 741 179 741 154 358 154 358
Non-current liabilities
Borrowings 147 575 147 575 150 792 150 792
Lease liabilities 2 399 463 413 413 437 125 437 125
Provisions 1 100 1 100 1 004 1 004
548 138 562 088 588 921 588 921
Current liabilities
Trade and other payables 59 218 59 218 62 070 62 070
Borrowings 45 005 45 005 30 837 30 837
Lease liabilities 2 32 401 18 451 30 549 30 549
Provisions 12 794 12 794 9 975 9 975
Current tax payable 16 167 16 167 1 651 1 651
Bank overdraft 11 417 11 417 3 126 3 126
Liabilities of disposal groups 21 387 21 387 196 763 196 763
198 389 184 439 334 971 334 971
Total equity and liabilities 926 268 926 268 1 078 250 1 078 250
Notes
1. Property, plant and equipment and right of use asset.
Reviewed Audited Change
30 June 2021 30 June 2021 30 June 2021
Note R’000 R’000 R’000
Assets
Non-current Assets
Property, plant and equipment 1 195 059 566 676 371 617
Right of use of asset 1 371 617 - (371 617)
Reviewed Audited Change
2020 2020 2020
Note R’000 R’000 R’000
Assets
Non-current Assets
Property, plant and equipment 1 187 482 628 708 441 226
Right of use of asset 1 441 226 - (441 226)
The Right of use assets have been combined with the property, plant and equipment line for both years ending 30 June 2021 and
2020. There was no change in the value only the classification of the items.
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2. Lease liabilities
Reviewed Audited Change
2021 2021 2021
Note R’000 R’000 R’000
Non-current liabilities
Lease liabilities 2 399 463 413 413 13 950
Current liabilities
Lease liabilities 2 32 401 18 451 (13 950)
There has been a reclassification of certain lease liabilities from current to non-current. The total value of lease liabilities have not
changed.
3. Headline and diluted headline loss per share
Reviewed Audited Change
2021 2021 2021
ZAC ZAC ZAC
Assets
Headline and diluted headline loss per share (2.10) (3.89) (1.79)
Loss for the year attributable to equity holders of the (17 754) (17 754) -
parent used in calculating basic earnings per share
IAS 36 impairment 9 889 9 889 -
Derecognition of lease liability on sale of facility* - (5 813) (5 813)
IAS 16 profit on disposal of plant and equipment* - (2 375) (2 375)
IAS 16 loss on the disposal of plant and equipment 713 713 -
Tax effects of adjustments - 2 093 2 093
Loss for the year attributable to equity holders of the (7 152) (13 247) (6 095)
parent used in calculating headline earnings per share
Number of shares in issue (‘000) 498 785 498 785 -
Weighted number of shares (‘000) 340 687 340 543 -
* = Advanced Vergelegen Surgical Centre Pty Ltd
The change includes the adjustment of the profit from the sale of Advanced Vergelegen Surgical Centre Pty Ltd (“Vergelegen”) and
the derecognition of the lease liability associated to Vergelegen.
Notice of Annual General Meeting
Notice is hereby given that the Annual General Meeting (“AGM”) of ordinary shareholders will be held at 10:00 on Friday, 12 November
2021, to transact the business as stated in the Notice of Annual General Meeting forming part of the integrated annual report.
Due to the impact of Covid-19 the Board has, in the circumstances, determined that it is preferable that the AGM be held by way of
electronic participation instead of in person. Accordingly, the AGM will only be accessible through electronic communication.
The AGM will be held virtually using Zoom with the transfer secretaries, JSE Investor Services Proprietary Limited (“transfer secretaries”)
acting as scrutineers for the purpose of the meeting.
Shareholders who wish to participate and/or vote at the AGM are required to contact the transfer secretaries on
meetfax@jseinvestorservices.co.za or on +27 86 154 6572 as soon as possible, but in any event by no later than 10H00 on Wednesday,
10 November 2021. Shareholders wishing to vote will be assisted by Link where required and only through means of submitting their
vote before the due date on the appropriate voting form or relevant proxy form issued.
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The salient dates and times regarding the AGM meeting are set out below:
Issuer name ADVANCED HEALTH LIMITED
Type of instrument Ordinary Shares
ISIN number ZAE000189049
JSE code AVL
Meeting type Annual General Meeting
Meeting venue Remote interactive electronic platform Zoom
Record date for purposes of receiving the notice of annual
general meeting Friday, 8 October 2021
Distribution of the integrated report Friday, 15 October 2021
Last day to trade Tuesday, 2 November 2021
Record date for voting purposes Friday, 5 November 2021
Last day to lodge proxy form 10:00 on Wednesday, 10 November 2021
Date of annual general meeting 10:00 on Friday, 12 November 2021
Publication of annual general meeting results on SENS on
or before Monday, 16 November 2021
Website link www.advancedheatlh.co.za
Shareholders are encouraged to view the notice of AGM and integrated annual report on the Company’s website.
Johannesburg
15 October 2021
Designated Advisor
Grindrod Bank Limited
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Date: 15-10-2021 05:00:00
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