> Segmental information
Segment profit or loss
– Continuing operations |
GROUP CONTINUING OPERATIONS |
LOGISTICS AFRICA |
LOGISTICS INTERNATIONAL |
TOTAL LOGISTICS |
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R million | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | ||||||||||||
Revenue | 115 738 | 107 453 | 27 119 | 25 347 | 20 793 | 19 071 | 47 912 | 44 418 | ||||||||||||
– South Africa | 66 010 | 67 101 | 15 266 | 15 372 | 15 266 | 15 372 | ||||||||||||||
– Rest of Africa | 13 288 | 10 481 | 11 853 | 9 974 | 11 853 | 9 974 | ||||||||||||||
– International | 36 440 | 29 871 | 1 | 20 793 | 19 071 | 20 793 | 19 072 | |||||||||||||
Operating profit | 5 893 | 5 671 | 1 530 | 1 587 | 1 013 | 958 | 2 543 | 2 545 | ||||||||||||
– South Africa | 3 724 | 3 828 | 750 | 952 | 750 | 952 | ||||||||||||||
– Rest of Africa | 853 | 668 | 780 | 632 | 780 | 632 | ||||||||||||||
– International | 1 316 | 1 175 | 3 | 1 013 | 958 | 1 013 | 961 | |||||||||||||
Depreciation, amortisation, impairments and recoupment | 3 119 | 2 878 | 902 | 924 | 777 | 739 | 1 679 | 1 663 | ||||||||||||
– South Africa | 1 924 | 1 754 | 604 | 636 | 604 | 636 | ||||||||||||||
– Rest of Africa | 326 | 305 | 298 | 288 | 298 | 288 | ||||||||||||||
– International | 869 | 819 | 777 | 739 | 777 | 739 | ||||||||||||||
Net finance costs | 1 440 | 1 194 | 533 | 407 | 207 | 180 | 740 | 587 | ||||||||||||
– South Africa | 913 | 825 | 314 | 281 | 314 | 281 | ||||||||||||||
– Rest of Africa | 244 | 135 | 219 | 126 | 219 | 126 | ||||||||||||||
– International | 283 | 234 | 207 | 180 | 207 | 180 | ||||||||||||||
Pre-tax profits* | 3 841 | 4 093 | 777 | 1 037 | 585 | 647 | 1 362 | 1 684 | ||||||||||||
– South Africa | 2 663 | 2 893 | 424 | 661 | 424 | 661 | ||||||||||||||
– Rest of Africa | 389 | 404 | 353 | 373 | 353 | 373 | ||||||||||||||
– International | 789 | 796 | 3 | 585 | 647 | 585 | 650 | |||||||||||||
Additional segment information – Continuing operations | ||||||||||||||||||||
Analysis of revenue by type | ||||||||||||||||||||
– Sale of goods | 70 228 | 63 966 | 10 065 | 8 216 | 10 065 | 8 216 | ||||||||||||||
– Rendering of services | 45 510 | 43 487 | 16 947 | 17 008 | 20 793 | 19 070 | 37 740 | 36 078 | ||||||||||||
115 738 | 107 453 | 27 012 | 25 224 | 20 793 | 19 070 | 47 805 | 44 294 | |||||||||||||
Inter-group revenue | 107 | 123 | 1 | 107 | 124 | |||||||||||||||
115 738 | 107 453 | 27 119 | 25 347 | 20 793 | 19 071 | 47 912 | 44 418 | |||||||||||||
Analysis of depreciation, amortisation, impairment and recoupments | 3 119 | 2 878 | 902 | 924 | 777 | 739 | 1 679 | 1 663 | ||||||||||||
– Depreciation and amortisation | 2 601 | 2 520 | 717 | 731 | 619 | 575 | 1 336 | 1 306 | ||||||||||||
– Recoupments and impairments | (70) | (57) | (35) | (20) | (35) | (16) | (70) | (36) | ||||||||||||
– Amortisation and impairment of intangible assets arising on business combinations | 588 | 415 | 220 | 213 | 193 | 180 | 413 | 393 | ||||||||||||
Share of result of associates and joint ventures included in pre-tax profits | 133 | 33 | 33 | 34 | 25 | 25 | 58 | 59 |
Segment profit or loss – Continuing operations |
VEHICLE IMPORT, DISTRIBUTION AND DEALERSHIPS |
VEHICLE RETAIL, RENTAL AND AFTER MARKET PARTS |
MOTOR-RELATED FINANCIAL SERVICES AND PRODUCTS |
TOTAL VEHICLES |
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R million | 2016 | 2015 | 2016 | 2015 | 2016 | 2016 | 2015 | ||||||||||
Revenue | 28 473 | 27 437 | 41 045 | 37 547 | 1 634 | 1 429 | 71 152 | 66 413 | |||||||||
– South Africa | 22 975 | 23 898 | 29 461 | 29 780 | 1 634 | 1 429 | 54 070 | 55 107 | |||||||||
– Rest of Africa | 1 306 | 388 | 129 | 119 | 1 435 | 507 | |||||||||||
– International | 4 192 | 3 151 | 11 455 | 7 648 | 15 647 | 10 799 | |||||||||||
Operating profit | 1 149 | 960 | 1 677 | 1 677 | 669 | 620 | 3 495 | 3 257 | |||||||||
– South Africa | 1 033 | 885 | 1 403 | 1 491 | 669 | 620 | 3 105 | 2 996 | |||||||||
– Rest of Africa | 37 | 4 | 36 | 32 | 73 | 36 | |||||||||||
– International | 79 | 71 | 238 | 154 | 317 | 225 | |||||||||||
Depreciation, amortisation, impairments and recoupment | 696 | 546 | 721 | 662 | 150 | 117 | 1 567 | 1 325 | |||||||||
– South Africa | 670 | 531 | 626 | 579 | 150 | 117 | 1 446 | 1 227 | |||||||||
– Rest of Africa | 8 | 3 | 21 | 14 | 29 | 17 | |||||||||||
– International | 18 | 12 | 74 | 69 | 92 | 81 | |||||||||||
Net finance costs | 495 | 494 | 346 | 313 | (5) | 836 | 807 | ||||||||||
– South Africa | 469 | 473 | 279 | 271 | (5) | 743 | 744 | ||||||||||
– Rest of Africa | 17 | 3 | 8 | 6 | 25 | 9 | |||||||||||
– International | 9 | 18 | 59 | 36 | 68 | 54 | |||||||||||
Pre-tax profits* | 433 | 458 | 1 317 | 1 388 | 712 | 647 | 2 462 | 2 493 | |||||||||
– South Africa | 357 | 399 | 1 123 | 1 260 | 712 | 647 | 2 192 | 2 306 | |||||||||
– Rest of Africa | 9 | 5 | 27 | 26 | 36 | 31 | |||||||||||
– International | 67 | 54 | 167 | 102 | 234 | 156 | |||||||||||
Additional segment information – Continuing operations |
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Analysis of revenue by type | |||||||||||||||||
– Sale of goods | 24 750 | 23 441 | 35 413 | 32 308 | 60 163 | 55 749 | |||||||||||
– Rendering of services | 2 099 | 2 295 | 5 035 | 4 515 | 613 | 594 | 7 747 | 7 404 | |||||||||
26 849 | 25 736 | 40 448 | 36 823 | 613 | 594 | 67 910 | 63 153 | ||||||||||
Inter-group revenue | 1 624 | 1 701 | 597 | 724 | 1 021 | 835 | 3 242 | 3 260 | |||||||||
28 473 | 27 437 | 41 045 | 37 547 | 1 634 | 1 429 | 71 152 | 66 413 | ||||||||||
Analysis of depreciation, amortisation, impairment and recoupments | 696 | 546 | 721 | 662 | 150 | 117 | 1 567 | 1 325 | |||||||||
– Depreciation and amortisation | 581 | 553 | 653 | 659 | 144 | 117 | 1 378 | 1 329 | |||||||||
– Recoupments and impairments | (7) | (1) | (19) | 6 | 5 | (26) | |||||||||||
– Amortisation and impairment of intangible assets arising on business combinations | 115 | 69 | 22 | 184 | 22 | ||||||||||||
Share of result of associates and joint ventures included in pre-tax profits | (19) | (3) | 46 | 33 | 47 | 27 | 74 | 57 |
Segment profit or loss – Continuing operations | HEAD-OFFICE AND ELIMINATIONS |
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R million | 2016 | 2015 | ||
Revenue | (3 326) | (3 378) | ||
– South Africa | (3 326) | (3 378) | ||
– Rest of Africa | ||||
– International | ||||
Operating profit | (145) | (131) | ||
– South Africa | (131) | (120) | ||
– Rest of Africa | ||||
– International | (14) | (11) | ||
Depreciation, amortisation, impairments and recoupment | (127) | (110) | ||
– South Africa | (126) | (109) | ||
– Rest of Africa | (1) | |||
– International | (1) | |||
Net finance costs | (136) | (200) | ||
– South Africa | (144) | (200) | ||
– Rest of Africa | ||||
– International | 8 | |||
Pre-tax profits* | 17 | (84) | ||
– South Africa | 47 | (74) | ||
– Rest of Africa | ||||
– International | (30) | (10) | ||
Additional segment information – Continuing operations | ||||
Analysis of revenue by type | ||||
– Sale of goods | 1 | |||
– Rendering of services | 23 | 5 | ||
23 | 6 | |||
Inter-group revenue | (3 349) | (3 384) | ||
(3 326) | (3 378) | |||
Analysis of depreciation, amortisation, impairment and recoupments | (127) | (110) | ||
– Depreciation and amortisation | (113) | (115) | ||
– Recoupments and impairments | (5) | 5 | ||
– Amortisation and impairment of intangible assets arising on business combinations | (9) | |||
Share of result of associates and joint ventures included in pre-tax profits | 1 | (83) |
Segment financial position | GROUP | LOGISTICS AFRICA |
LOGISTICS INTERNATIONAL |
TOTAL LOGISTICS |
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R million | 2016 | 2015^ | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | |||||||||||
Assets | |||||||||||||||||||
Intangible assets | 7 501 | 7 193 | 3 526 | 3 110 | 3 004 | 2 863 | 6 530 | 5 973 | |||||||||||
Property plant and equipment | 11 465 | 10 967 | 2 518 | 2 096 | 2 245 | 2 244 | 4 763 | 4 340 | |||||||||||
Transport fleet | 5 953 | 5 610 | 2 715 | 3 212 | 3 278 | 2 438 | 5 993 | 5 650 | |||||||||||
Vehicles for hire | 3 469 | 3 603 | |||||||||||||||||
Investment in associates and joint ventures | 687 | 1 199 | 342 | 300 | 167 | 139 | 509 | 439 | |||||||||||
Inventories | 16 717 | 15 465 | 1 498 | 1 448 | 314 | 211 | 1 812 | 1 659 | |||||||||||
Trade and other receivables | 12 712 | 12 849 | 4 994 | 5 136 | 3 618 | 3 350 | 8 612 | 8 486 | |||||||||||
Other financial assets | 8 | 36 | 5 | 8 | 5 | 5 | 10 | 13 | |||||||||||
Cash resources | 13 | 22 | |||||||||||||||||
Operating assets | 58 525 | 56 944 | 15 598 | 15 310 | 12 631 | 11 250 | 28 229 | 26 560 | |||||||||||
– South Africa | 32 248 | 34 312 | 9 039 | 9 034 | 9 039 | 9 034 | |||||||||||||
– Rest of Africa | 7 329 | 6 557 | 6 559 | 6 275 | 6 559 | 6 275 | |||||||||||||
– International | 18 948 | 16 075 | 1 | 12 631 | 11 250 | 12 631 | 11 251 | ||||||||||||
Liabilities | |||||||||||||||||||
Retirement benefit obligations | 1 531 | 1 157 | 1 531 | 1 157 | 1 531 | 1 157 | |||||||||||||
Maintenance and warranty contracts | 3 156 | 3 191 | |||||||||||||||||
Trade and other payables and provisions | 19 493 | 19 047 | 5 591 | 5 401 | 3 372 | 3 145 | 8 963 | 8 546 | |||||||||||
Other financial liabilities | 460 | 379 | 119 | 111 | 1 | 2 | 120 | 113 | |||||||||||
Operating liabilities | 24 640 | 23 774 | 5 710 | 5 512 | 4 904 | 4 304 | 10 614 | 9 816 | |||||||||||
– South Africa | 13 949 | 14 794 | 3 609 | 3 682 | 3 609 | 3 682 | |||||||||||||
– Rest of Africa | 2 539 | 1 896 | 2 101 | 1 824 | 2 101 | 1 824 | |||||||||||||
– International | 8 152 | 7 084 | 6 | 4 904 | 4 304 | 4 904 | 4 310 | ||||||||||||
Net working capital* | 9 936 | 9 267 | 901 | 1 183 | 560 | 416 | 1 461 | 1 599 | |||||||||||
– South Africa | 7 345 | 7 253 | 235 | 336 | 235 | 336 | |||||||||||||
– Rest of Africa | 838 | 924 | 666 | 852 | 666 | 852 | |||||||||||||
– International | 1 753 | 1 090 | (5) | 560 | 416 | 560 | 411 | ||||||||||||
Net debt* | 16 520 | 14 327 | 5 249 | 4 872 | 3 955 | 4 150 | 9 204 | 9 022 | |||||||||||
– South Africa | 9 915 | 8 204 | 2 610 | 2 669 | 2 610 | 2 669 | |||||||||||||
– Rest of Africa | 2 821 | 2 454 | 2 639 | 2 209 | 2 639 | 2 209 | |||||||||||||
– International | 3 784 | 3 669 | (6) | 3 955 | 4 150 | 3 955 | 4 144 | ||||||||||||
Net capital expenditure | 4 138 | 4 519 | 880 | 1 046 | 1 027 | 1 173 | 1 907 | 2 219 | |||||||||||
– South Africa | 2 624 | 2 856 | 534 | 711 | 534 | 711 | |||||||||||||
– Rest of Africa | 416 | 369 | 346 | 335 | 346 | 335 | |||||||||||||
– International | 1 098 | 1 294 | 1 027 | 1 173 | 1 027 | 1 173 |
Segment financial position | VEHICLE IMPORT, DISTRIBUTION AND DEALERSHIPS |
VEHICLE RETAIL, RENTAL AND AFTER MARKET PARTS |
MOTOR-RELATED FINANCIAL SERVICES AND PRODUCTS |
TOTAL VEHICLES |
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R million | 2016 | 2015 | 2016 | 2015^ | 2016 | 2015 | 2016 | 2015^ | |||||||||
Assets | |||||||||||||||||
Intangible assets | 175 | 505 | 755 | 695 | (6) | 930 | 1 194 | ||||||||||
Property plant and equipment | 3 477 | 3 346 | 3 236 | 3 313 | 10 | 9 | 6 723 | 6 668 | |||||||||
Transport fleet | |||||||||||||||||
Vehicles for hire | 1 534 | 1 757 | 1 723 | 1 669 | 1 071 | 988 | 4 328 | 4 414 | |||||||||
Investment in associates and joint ventures | (39) | (19) | 154 | 100 | 55 | 600 | 170 | 681 | |||||||||
Inventories | 8 288 | 7 659 | 6 361 | 5 822 | 436 | 480 | 15 085 | 13 961 | |||||||||
Trade and other receivables | 1 601 | 2 164 | 2 019 | 2 103 | 929 | 469 | 4 549 | 4 736 | |||||||||
Other financial assets | 4 | 26 | 27 | 85 | 85 | 116 | 111 | ||||||||||
Cash resources | 13 | 22 | 13 | 22 | |||||||||||||
Operating assets | 15 040 | 15 438 | 14 275 | 13 702 | 2 599 | 2 647 | 31 914 | 31 787 | |||||||||
– South Africa | 12 401 | 13 973 | 10 207 | 10 113 | 2 599 | 2 647 | 25 207 | 26 733 | |||||||||
– Rest of Africa | 652 | 201 | 118 | 81 | 770 | 282 | |||||||||||
– International | 1 987 | 1 264 | 3 950 | 3 508 | 5 937 | 4 772 | |||||||||||
Liabilities | |||||||||||||||||
Retirement benefit obligations | |||||||||||||||||
Maintenance and warranty contracts | 102 | 17 | 3 040 | 3 083 | 3 142 | 3 100 | |||||||||||
Trade and other payables and provisions | 4 770 | 5 529 | 6 346 | 5 825 | 896 | 384 | 12 012 | 11 738 | |||||||||
Other financial liabilities | 67 | 48 | 42 | 45 | 10 | 1 | 119 | 94 | |||||||||
Operating liabilities | 4 939 | 5 594 | 6 388 | 5 870 | 3 946 | 3 468 | 15 273 | 14 932 | |||||||||
– South Africa | 4 160 | 5 358 | 3 565 | 3 338 | 3 946 | 3 468 | 11 671 | 12 164 | |||||||||
– Rest of Africa | 425 | 62 | 13 | 10 | 438 | 72 | |||||||||||
– International | 354 | 174 | 2 810 | 2 522 | 3 164 | 2 696 | |||||||||||
Net working capital* | 5 119 | 4 294 | 2 034 | 2 100 | 469 | 565 | 7 622 | 6 959 | |||||||||
– South Africa | 4 178 | 3 834 | 1 701 | 1 924 | 469 | 565 | 6 348 | 6 323 | |||||||||
– Rest of Africa | 147 | 62 | 24 | 11 | 171 | 73 | |||||||||||
– International | 794 | 398 | 309 | 165 | 1 103 | 563 | |||||||||||
Net debt* | 5 822 | 4 661 | 2 000 | 2 482 | (1 668) | (1 738) | 6 154 | 5 405 | |||||||||
– South Africa | 5 244 | 4 185 | 1 686 | 2 199 | (1 668) | (1 738) | 5 262 | 4 646 | |||||||||
– Rest of Africa | 118 | 194 | 64 | 51 | 182 | 245 | |||||||||||
– International | 460 | 282 | 250 | 232 | 710 | 514 | |||||||||||
Net capital expenditure | 1 288 | 1 199 | 779 | 844 | 228 | 649 | 2 295 | 2 692 | |||||||||
– South Africa | 1 228 | 1 182 | 701 | 710 | 228 | 649 | 2 157 | 2 541 | |||||||||
– Rest of Africa | 27 | 8 | 41 | 23 | 68 | 31 | |||||||||||
– International | 33 | 9 | 37 | 111 | 70 | 120 |
Segment financial position | HEAD-OFFICE AND ELIMINATIONS |
INSURANCE | |||||
R million | 2016 | 2015 | 2016~ | 2015~ | |||
Assets | |||||||
Intangible assets | 41 | 26 | |||||
Property plant and equipment | (21) | (41) | |||||
Transport fleet | (40) | (40) | |||||
Vehicles for hire | (859) | (811) | |||||
Investment in associates and joint ventures | 8 | 79 | |||||
Inventories | (180) | (155) | |||||
Trade and other receivables | (449) | (373) | |||||
Other financial assets | (118) | (88) | |||||
Cash resources | |||||||
Operating assets | (1 618) | (1 403) | |||||
– South Africa | (1 998) | (1 455) | |||||
– Rest of Africa | |||||||
– International | 380 | 52 | |||||
Liabilities | |||||||
Retirement benefit obligations | |||||||
Maintenance and warranty contracts | 14 | 91 | |||||
Trade and other payables and provisions | (1 482) | (1 237) | |||||
Other financial liabilities | 221 | 172 | |||||
Operating liabilities | (1 247) | (974) | |||||
– South Africa | (1 331) | (1 052) | |||||
– Rest of Africa | |||||||
– International | 84 | 78 | |||||
Net working capital* | 853 | 709 | |||||
– South Africa | 762 | 594 | |||||
– Rest of Africa | 1 | (1) | |||||
– International | 90 | 116 | |||||
Net debt* | 1 162 | (100) | |||||
– South Africa | 2 043 | 889 | |||||
– Rest of Africa | |||||||
– International | (881) | (989) | |||||
Net capital expenditure | (162) | (500) | 98 | 108 | |||
– South Africa | (163) | (501) | 96 | 105 | |||
– Rest of Africa | 2 | 3 | |||||
– International | 1 | 1 |
The assets and liabilities of the Insurance business are shown as held-for-sale at 30 June 2016 and at 30 June 2015 |