Clicks pharmaceutical
sales of

R1bn

seven-year consolidated balance sheet
at 31August

 



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Notes
1.
  
These are group results which include the results of the Australian operations from 2002 to 28 December 2003 and Intercare Managed Healthcare (Proprietary) Limited from 2002 to 1 March 2004.
   
2.  The results of the Clicks Retailers group of pharmacies have been consolidated since 1 March 2004.
   
3. New United Pharmaceutical Distributors was acquired with effect from 1 January 2003.
   
4.
  
The operating lease accrual was applicable from the 2004 financial year. The results for (and including) the 2004 financial year have been adjusted in accordance with this interpretation.
   
5.
  
As the group applied IFRS for the first time in financial year 2005, the seven-year review information incorporates IFRS-adjusted financial information for the 2005 to 2008 financial years only. Information in respect of earlier financial periods remains that reported in accordance with SA GAAP.
   
6.
  
The 2007 balance sheet presents the group balance sheet including the Discom assets and liabilities rather than as part of non-current assets and liabilities held for sale. The Discom business unit was disposed of during September 2007.
   
7.
  
The minority interest relating to the purchase of Kalahari Medical Distributors originated in the 2008 financial year and is less than R1 million, hence being displayed as zero.
8. The Discom and Clicks trademarks were reinstated in 2005 after the adoption of IFRS.
   
9.
  
The share premium has been used for distributions to shareholders as well as share cancellations in the 2006, 2007 and 2008 financial years.
   
10. For an explanation of terms used, please refer to the Definitions section of this report.