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NETCARE LIMITED - Netcare Limited Group Results for the year ended 30 September 2020

Release Date: 23/11/2020 08:00
Code(s): NTC NTCP     PDF:  
Wrap Text
Netcare Limited Group Results for the year ended 30 September 2020

Netcare Limited 
("Netcare", "the Company" or "the Group") 
Registration number: 1996/008242/06 
(Incorporated in the Republic of South Africa) 
JSE ordinary share code: NTC  
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121

Netcare Limited Group Results
for the year ended 30 September 2020

- Group EBITDA down to R2.6 billion (pre-IFRS 16: R2.1 billion)
- Adjusted HEPS down to 32.5 cents (pre-IFRS 16: 47.6 cents)
- R5.6 billion cash resources and committed undrawn facilities at 30 September 2020

Group financial information

                                                          Year ended
                                              30 September      30 September            %    
                                                      2020              2019       change    
Statement of profit or loss                                                                  
Revenue                                             18 843            21 589        (12.7)   
EBITDA before items below                            2 558             4 388        (41.7)   
Exceptional items1                                     174               128                 
EBITDA                                               2 732             4 516        (39.5)   
Operating profit                                     1 567             3 768        (58.4)   
Profit for the year                                    439             2 478        (82.3)   
Statement of financial position                                                              
Total assets                                        25 944            21 415         21.1    
Total liabilities                                   16 145            11 180         44.4    
Total shareholders' equity                           9 799            10 235         (4.3)   
Net debt (excluding lease liabilities)               6 423             5 114         25.6    
Earnings and dividends per share (cents)                                                     
Basic earnings per share                              28.3             176.7        (84.0)   
Diluted earnings per share                            28.1             175.0        (83.9)   
Headline (loss)/earnings per share                    (3.6)            165.9       (102.2)   
Adjusted headline earnings per share                  32.5             171.2        (81.0)   
Dividend per share                                       -             111.0                 

1. 2020 includes R522 million profit on disposal of investment in associate and R348 million share-based 
   payment expense on B-BBEE transaction. 2019 includes the realisation of a foreign currency 
   translation reserve.                                                     

Netcare's independent auditor, Deloitte & Touche, has issued its opinion on the consolidated financial statements 
for the year ended 30 September 2020 which can be accessed via the Netcare Investor Relations website at Deloitte & Touche has issued an unmodified 
opinion and the audit report included key audit matters relating to the adoption of IFRS 16: Leases and revenue 
This short-form announcement is the responsibility of the directors of the Company. This short-form announcement 
is only a summary of the full announcement, which is published on the Company's website on, and does not contain complete or full 
details. Any investment decisions by investors and/or shareholders should be based on consideration of the 
full announcement. This short-form announcement is extracted from audited results but is itself not audited.
The full announcement can be accessed directly using the following JSE link:
The consolidated financial statements (including the key audit matters) can be accessed via the Netcare website 

23 November 2020

Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010 

Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer) 

Non-executive directors: T Brewer (Chairperson), M Bower, B Bulo, L Human, D Kneale, MJ Kuscus, KD Moroka  

Company Secretary: C Vikisi 

Sponsor: Nedbank Corporate and Investment Banking, 135 Rivonia Road, Sandown, 2196 

Transfer secretaries: 4 Africa Exchange Registry (Pty) Ltd, Cedar Woods House, Ballywoods Office Park, 
33 Ballyclare Drive, Bryanston

Tel: 011 100 8352 

Investor relations:

Date: 23-11-2020 08:00:00
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