Segmental information – continuing operations

	Imperial Logistics					Logistics South Africa					Logistics African Regions
Profit or loss for the year ended 30 June	2020 Rm				2019* Rm	2020 Rm				2019* Rm	2020 Rm				2019* Rm
Revenue	46 380				44 039	13 919				12 855	13 396				12 105
– South Africa	14 369				13 075	13 919				12 855
– Rest of Africa	13 396				12 105						13 396				12 105
– International	18 615				18 859
Operating profit	1 459				2 413	726				1 065	751				817
– South Africa	652				1 008	726				1 065
– Rest of Africa	751				817						751				817
– International	56				588
Depreciation, amortisation, impairments and recoupments	(3 226)				(2 609)	(878)				(805)	(468)				(379)
– South Africa	(887)				(806)	(878)				(805)
– Rest of Africa	(468)				(379)						(468)				(379)
– International	(1 871)				(1 424)
Net finance cost	(762)				(605)	(279)				(252)	(218)				(186)
– South Africa	(292)				(184)	(279)				(252)
– Rest of Africa	(218)				(186)						(218)				(186)
– International	(252)				(235)
Pre-tax profits^	504				1 430	462				767	512				440
– South Africa	536				792	462				767
– Rest of Africa	512				440						512				440
– International	(544)				198
ADDITIONAL SEGMENT INFORMATION
Analysis of revenue by type
– Sale of goods	12 647				10 830	5				23	12 052				10 210
– Rendering of services	33 733				33 209	13 903				12 813	1 261				1 790
External revenue	46 380				44 039	13 908				12 836	13 313				12 000
Inter-group revenue						11				19	83				105
Revenue	46 380				44 039	13 919				12 855	13 396				12 105
Analysis of depreciation, amortisation, impairments and recoupments	(3 226)				(2 609)	(878)				(805)	(468)				(379)
Depreciation and amortisation	(2 552)				(2 231)	(879)				(792)	(223)				(178)
Recoupments and impairments	(281)				22	18				40	(50)				(23)
Amortisation and impairment of intangible assets arising from business combinations	(393)				(400)	(17)				(53)	(195)				(178)
Share of results of associates	22				39	1				6	4				21
Operating margin (%)	3,1				5,5	5,2				8,3	5,6				6,7
Items excluded from pre-tax profits	(227)				(1 147)
Impairment of goodwill	(223)				(1 139)
(Loss) profit on disposal of subsidiaries and businesses	(23)				60
Profit on disposal of associate	40
Impairment of equity investments	(26)
Impairment of associates and loans advanced to associates	(2)				(73)
Net gain on termination of leases	7				5

* Restated for the adoption of IFRS 16 — Leases (refer to note 3) and for re-presenting the European shipping business as a discontinued operation.
^ Refer to glossary of terms.

	Logistics International					Businesses held-for-sale					Head Office and Eliminations
Profit or loss for the year ended 30 June	2020 Rm				2019* Rm	2020 Rm				2019* Rm	2020 Rm				2019* Rm
Revenue	18 615				18 859	461				519	(11)				(299)
– South Africa						461				519	(11)				(299)
– Rest of Africa
– International	18 615				18 859
Operating profit	56				588	(100)				(50)	26				(7)
– South Africa						(100)				(50)	26				(7)
– Rest of Africa
– International	56				588
Depreciation, amortisation, impairments and recoupments	(1 871)				(1 424)	(4)				(3)	(5)				2
– South Africa						(4)				(3)	(5)				2
– Rest of Africa
– International	(1 871)				(1 424)
Net finance cost	(252)				(235)	(21)				(17)	8				85
– South Africa						(21)				(17)	8				85
– Rest of Africa
– International	(252)				(235)
Pre-tax profits^	(544)				198	(121)				(67)	195				92
– South Africa						(121)				(67)	195				92
– Rest of Africa
– International	(544)				198
ADDITIONAL SEGMENT INFORMATION
Analysis of revenue by type
– Sale of goods	165				124	423				455	2				18
– Rendering of services	18 450				18 735	38				64	81				(193)
External revenue	18 615				18 859	461				519	83				(175)
Inter-group revenue											(94)				(124)
Revenue	18 615				18 859	461				519	(11)				(299)
Analysis of depreciation, amortisation, impairments and recoupments	(1 871)				(1 424)	(4)				(3)	(5)				2
Depreciation and amortisation	(1 440)				(1 248)	(4)				(3)	(6)				(10)
Recoupments and impairments	(250)				(7)						1				12
Amortisation and impairment of intangible assets arising from business combinations	(181)				(169)
Share of results of associates	16				12						1
Operating margin (%)	0,3				3,1
Items excluded from pre-tax profits
Impairment of goodwill
(Loss) profit on disposal of subsidiaries and businesses
Profit on disposal of associate
Impairment of equity investments
Impairment of associates and loans advanced to associates
Net gain on termination of leases

* Restated for the adoption of IFRS 16 — Leases (refer to note 3) and for re-presenting the European shipping business as a discontinued operation.
^ Refer to glossary of terms.

	Imperial Logistics				Logistics South Africa				Logistics African Regions				Logistics International
Financial position at 30 June	June 2020 Rm			June   2019* Rm	June 2020 Rm			June   2019* Rm	June 2020 Rm			June   2019* Rm	June 2020 Rm			June   2019* Rm
Assets
Goodwill and intangible assets	7 084			6 719	155			213	3 089			2 077	3 824			4 413
Property, plant and equipment	3 326			2 647	939			934	914			348	1 372			1 266
Transport fleet	5 186			5 309	2 937			2 510	209			93	2 040			2 706
Right-of-use assets	5 422			4 780	1 491			1 102	560			361	3 370			3 317
Investments in associates  (excluding loans advanced to associates)	160			467	10			37	48			302	102			128
Investments	92			89	22			27					11			5
Inventories	2 676			2 349	72			431	2 421			1 720	183			198
Trade, other receivables and contract assets	7 934			10 083	2 204			4 063	2 286			1 983	3 410			4 037
Operating assets^	31 880			32 443	7 830			9 317	9 527			6 884	14 312			16 070
– South Africa	8 041			9 489	7 830			9 317
– Rest of Africa	9 527			6 884					9 527			6 884
– International	14 312			16 070									14 312			16 070
Liabilities
Retirement benefit obligations	1 109			1 343									1 109			1 343
Trade and other payables and provisions	10 066			11 043	2 902			4 610	2 885			2 521	4 031			3 729
Other financial liabilities excluding put liability	769			124	13			58	649			6	49			30
Operating liabilities^	11 944			12 510	2 915			4 668	3 534			2 527	5 189			5 102
– South Africa	3 221			4 881	2 915			4 668
– Rest of Africa	3 534			2 527					3 534			2 527
– International	5 189			5 102									5 189			5 102
Net working capital~^	544			1 389	(626)			(116)	1 822			1 182	(438)			506
– South Africa	(840)			(299)	(626)			(116)
– Rest of Africa	1 822			1 182					1 822			1 182
– International	(438)			506									(438)			506
Net debt – excluding lease obligations	8 391			5 697	2 661			1 469	1 325			836	4 459			3 634
– South Africa	2 607			1 227	2 661			1 469
– Rest of Africa	1 325			836					1 325			836
– International	4 459			3 634									4 459			3 634
Lease obligations	6 080			5 969	1 775			2 116	589			403	3 717			3 450
– South Africa	1 774			2 116	1 775			2 116
– Rest of Africa	589			403					589			403
– International	3 717			3 450									3 717			3 450
Net capital expenditure^	(1 482)			(1 094)	(717)			(569)	(161)			(16)	(267)			(203)
– South Africa	(697)			(665)	(717)			(569)
– Rest of Africa	(161)			(16)					(161)			(16)
– International	(624)			(413)									(267)			(203)
Items excluded from total assets to arrive at operating assets	10 646			3 617
Loans to associates	38			53
Other non-current financial assets	179			136
Deferred tax assets	1 510			1 227
Tax in advance	221			259
Cash resources	3 374			1 646
Assets of disposal groups	598
Assets of discontinued operations	4 726			296
Items excluded from total liabilities to arrive at operating liabilities	22 310			15 390
Interest bearing borrowings	11 765			7 343
Lease obligations	6 080			5 969
Deferred tax liabilities	901			809
Put option liabilities	646			951
Current tax liabilities	375			318
Liabilities associated with disposal groups	356
Liabilities of discontinued operations	2 187

*	Restated for the adoption of IFRS 16 — Leases (refer to note 3).
~	Net working capital relating to the CPG discontinued operation that was recovered or settled through the ordinary course of business and not through sale was shown seperately on the prior year reported segment but combined in the Logistics South Africa segment in the current year.
^	Refer to glossary of terms.

	CPG				Shipping				Eliminations
Financial position at 30 June	June 2020 Rm			June   2019* Rm	June 2020 Rm			June   2019* Rm	June 2020 Rm			June   2019* Rm
Assets
Goodwill and intangible assets									16			16
Property, plant and equipment									101			99
Transport fleet									1
Right-of-use assets
Investments in associates  (excluding loans advanced to associates)
Investments									59			57
Inventories
Trade, other receivables and contract assets									34
Operating assets^									211			172
– South Africa									211			172
– Rest of Africa
– International
Liabilities
Retirement benefit obligations
Trade and other payables and provisions									248			183
Other financial liabilities excluding put liability									58			30
Operating liabilities^									306			213
– South Africa									306			213
– Rest of Africa
– International
Net working capital~^									(214)			(183)
– South Africa									(214)			(183)
– Rest of Africa
– International
Net debt – excluding lease obligations									(54)			(242)
– South Africa									(54)			(242)
– Rest of Africa
– International
Lease obligations									(1)
– South Africa									(1)
– Rest of Africa
– International
Net capital expenditure^	24			(89)	(357)			(210)	(4)			(7)
– South Africa	24			(89)					(4)			(7)
– Rest of Africa
– International					(357)			(210)
Items excluded from total assets to arrive at operating assets
Loans to associates
Other non-current financial assets
Deferred tax assets
Tax in advance
Cash resources
Assets of disposal groups
Assets of discontinued operations
Items excluded from total liabilities to arrive at operating liabilities
Interest bearing borrowings
Lease obligations
Deferred tax liabilities
Put option liabilities
Current tax liabilities
Liabilities associated with disposal groups
Liabilities of discontinued operations

*	Restated for the adoption of IFRS 16 — Leases (refer to note 3).
~	Net working capital relating to the CPG discontinued operation that was recovered or settled through the ordinary course of business and not through sale was shown seperately on the prior year reported segment but combined in the Logistics South Africa segment in the current year.
^	Refer to glossary of terms.

 

Secondary segmental information

	Imperial Logistics					Freight Management					Freight Management					Market Access					Businesses held for sale					Head Office and Eliminations
Profit or loss	2020 Rm				2019* Rm	2020 Rm				2019* Rm	2020 Rm				2019* Rm	2020 Rm				2019* Rm	2020 Rm				2019* Rm	2020 Rm				2019* Rm
Revenue	46 380				44 039	19 298				19 180	14 189				14 134	12 443				10 505	461				519	(11)				(299)
– Logistics Africa	14 861				14 156	8 706				9 096	6 166				5 359											(11)				(299)
– Market Access	12 904				11 024											12 443				10 505	461				519
– Logistics International	18 615				18 859	10 592				10 084	8 023				8 775
Profit from operations before depreciation and recoupments	4 098				4 616	1 765				2 660	1 498				1 121	900				855	(96)				(47)	31				27
– Logistics Africa	1 707				1 997	1 052				1 133	624				837											31				27
– Market Access	804				808											900				855	(96)				(47)
– Logistics International	1 587				1 811	713				1 527	874				284
Operating profit	1 459				2 413	540				1 182	283				570	710				718	(100)				(50)	26				(7)
– Logistics Africa	793				1 157	543				709	224				455											26				(7)
– Market Access	610				668											710				718	(100)				(50)
– Logistics International	56				588	(3)				473	59				115
Depreciation, amortisation, impairments and recoupments	(3 226)				(2 609)	(1 535)				(1 153)	(1 249)				(1 125)	(433)				(330)	(4)				(3)	(5)				2
– Logistics Africa	(918)				(852)	(505)				(468)	(408)				(386)											(5)				2
– Market Access	(437)				(333)											(433)				(330)	(4)				(3)
– Logistics International	(1 871)				(1 424)	(1 030)				(685)	(841)				(739)
Net finance cost	(762)				(605)	(289)				(241)	(246)				(257)	(214)				(175)	(21)				(17)	8				85
– Logistics Africa	(275)				(178)	(138)				(101)	(145)				(162)											8				85
– Market Access	(235)				(192)											(214)				(175)	(21)				(17)
– Logistics International	(252)				(235)	(151)				(140)	(101)				(95)
Pre-tax profits*	504				1 430	(60)				745	14				314	475				346	(120)				(67)	195				92
– Logistics Africa	693				953	417				603	81				258											195				92
– Market Access	355				279											475				346	(120)				(67)
– Logistics International	(544)				198	(477)				142	(67)				56
ADDITIONAL SEGMENT INFORMATION
Analysis of revenue by type
– Sale of goods	12 647				10 830	31				32	558				317	11 633				10 008	423				455	2				18
– Rendering of services	33 733				33 209	19 713				19 509	13 643				13 246	258				583	38				64	81				(193)
External revenue	46 380				44 039	19 744				19 541	14 201				13 563	11 891				10 591	461				519	83				(175)
Inter-group revenue						(446)				(361)	(12)				571	552				(86)						(94)				(124)
	46 380				44 039	19 298				19 180	14 189				14 134	12 443				10 505	461				519	(11)				(299)
Analysis of depreciation, amortisation, impairments and recoupments	(3 226)				(2 609)	(1 535)				(1 153)	(1 249)				(1 125)	(433)				(330)	(4)				(3)	(5)				2
Depreciation and amortisation	(2 552)				(2 231)	(1 042)				(923)	(1 256)				(1 143)	(244)				(152)	(4)				(3)	(6)				(10)
Recoupments and impairments	(281)				22	(297)				(20)	14				30	1										1				12
Amortisation and impairment of intangible assets arising from business combinations	(393)				(400)	(196)				(210)	(7)				(12)	(190)				(178)
Share of results of associates (included in pre-tax profits)	22				37	1				19	18				3	3				17										(2)
Operating margin (%)	3,1				5,5	2,8				6,2	2,0				4,0	5,7				6,8
Working capital	544				1 389	(1 342)				(576)	146				162	1 780				1 759	175				227	(215)				(183)
Invested capital	22 743				19 826	11 460				12 777	6 536				4 062	4 673				2 976	221				274	(147)				(263)
Net capex	1 482				1 094	854				554	461				476	160				48	3				9	4				7