Balance Sheet

at 31 December 2005

	Group		Society
	2005	2004	2005	2004
	R	R	R	R
ASSETS
Non-current assets	864 275	1 549 863	801 778	1 369 983
Tangible assets	522 891	860 468	463 526	701 332
Intangible assets	341 334	689 395	338 049	668 448
Tangible and intangible assets	864 275	1 549 863	801 575	1 369 780
Investment in subsidiaries	--	--	203	203

Current assets	286 406 777	229 337 116	284 028 006	226 065 825
Inventories	3 333 193	3 553 004	-	-
Amounts receivable from related parties	--	--	1 799 839	1 917 915
Trade and other receivables	3 522 810	4 285 332	2 632 379	2 626 275
Held-to-maturity: Short term bank deposits	262 266 910	196 357 618	262 266 910	196 357 618
Cash and cash equvalents	17 286 864	25 141 162	17 328 878	25 164 027

Total assets	287 274 052	230 886 979	284 829 784	227 435 808

FUNDS AND LIABILITIES
Members’ funds	241 417 861	182 806 801	241 417 861	182 806 801
Accumulated funds	241 417 861	182 806 801	241 417 861	182 806 801

Current liabilities	45 856 191	48 080 178	43 411 923	44 629 007
Trade and other payables	24 956 691	24 386 949	22 512 423	30 935 778
Post retirement liability	4 899 500	4 756 000	4 899 500	4 756 000
Outstanding claims provision	16 000 000	18 937 229	16 000 000	18 937 229

Total funds and liabilities	284 274 052	230 886 979	284 829 784	227 435 808

Income Statement

for the year ended 31 December 2005

	Group		Society
	2005	2004	2005	2004
	R	R	R	R
Continuing operations
Gross contributions	231 181 825	217 789 726	231 181 825	217 789 726
Net claims incurred	(176 850 432)	(177 977 575)	(176 850 432)	(177 977 575)
	54 331 393	39 812 151	54 331 393	39 812 151
Managed care - management services	(459 375)	(850 582)	(459 375)	(850 582)
Administration expenses	(13 475 498)	(12 811 497)	(13 475 498)	(12 811 497)
Post retirement medical expense	(143 500)	(4 756 000)	(143 500)	(4 756 000)
Investment income	18 357 962	16 010 783	18 357 962	16 010 783
Result of own facility operations	--	--	--	--
Bad debts	78	(1 924)	78	(1 924)
Net surplus for the year	58 611 060	37 402 931	58 611 060	37 402 931

Consolidation
Subsidiary undertakings, which are those companies in which the Society, directly or indirectly, has an interest of more than one half of the voting rights or otherwise has power to exercise control over the operations, have been consolidated. Subsidiaries are consolidated from the date on which effective control is transferred to the Society and are no longer consolidated from the date of disposal. Separate disclosure is made of minority interests.