Segmental information

    Continuing
operations		   Logistics
Africa		   Logistics
International		  
Segment profit or loss – Continuing operations   2015
Rm		 2014^
Rm		   2015
Rm		 2014
Rm		   2015
Rm		 2014
Rm		  
Revenue   58 201 54 764   13 714 13 265   10 306 9 595  
– South Africa   33 744 34 599   7 733 8 073        
– Rest of Africa   6 843 5 443   5 981 5 184        
– International   17 614 14 722     8   10 306 9 595  
Operating profit   2 792 2 692   802 802   397 386  
– South Africa   1 829 1 904   410 511        
– Rest of Africa   446 315   392 294        
– International   517 473     (3)   397 386  
Depreciation, amortisation, impairments and recoupments   1 678 1 416   457 455   380 393  
– South Africa   1 088 830   309 317        
– Rest of Africa   163 147   148 138        
– International   427 439         380 393  
Net finance costs   651 598   233 202   89 92  
– South Africa   442 423   152 142        
– Rest of Africa   87 64   81 60        
– International   122 111         89 92  
Pre-tax profits*   1 937 2 014   539 633   232 215  
– South Africa   1 299 1 454   242 369        
– Rest of Africa   324 286   297 267        
– International   314 274     (3)   232 215  
Additional segment information – Continuing operations                    
Analysis of revenue by type                    
– Sale of goods   35 336 32 531   5 081 4 309        
– Rendering of services   22 865 22 233   8 585 8 845   10 306 9 590  
    58 201 54 764   13 666 13 154   10 306 9 590  
Inter-group revenue         48 111     5  
    58 201 54 764   13 714 13 265   10 306 9 595  
Analysis of depreciation, amortisation, impairment and recoupments   1 678 1 416   457 455   380 393  
– Depreciation and amortisation   1 361 1 209   367 362   307 294  
– Recoupments and impairments   (41) 2   (18) (9)   (15) 6  
– Amortisation and impairment of intangible assets arising on business combinations   358 205   108 102   88 93  
Share of result of associates and joint ventures included in pre-tax profits   58 12   16 21   13 8  

  Vehicle Import,
Distribution
and Dealerships		   Vehicle Retail,
Rental and
After Market Parts		   Motor-related
Financial Services
and Products		   Head-Office
and
Eliminations
Segment profit or loss – Continuing operations 2015
Rm		 2014^
Rm		   2015
Rm		 2014^
Rm		   2015
Rm		 2014^
Rm		   2015
Rm		 2014^
Rm
Revenue 14 590 14 278   20 790 18 736   801 658   (2 000) (1 768)
– South Africa 12 151 12 454   15 060 15 182   801 658   (2 001) (1 768)
– Rest of Africa 793 192   68 67         1  
– International 1 646 1 632   5 662 3 487            
Operating profit 532 461   801 798   336 307   (76) (62)
– South Africa 468 422   685 720   336 307   (70) (56)
– Rest of Africa 34 2   20 19            
– International 30 37   96 59         (6) (6)
Depreciation, amortisation, impairments and recoupments 448 272   385 337   81 51   (73) (92)
– South Africa 436 264   336 292   81 51   (74) (94)
– Rest of Africa 4 1   11 7           1
– International 8 7   38 38         1 1
Net finance costs 275 260   168 150   (2) (1)   (112) (105)
– South Africa 265 249   137 132   (2) (1)   (110) (99)
– Rest of Africa 3 1   4 3         (1)  
– International 7 10   27 15         (1) (6)
Pre-tax profits* 142 192   616 650   372 316   36 8
– South Africa 108 162   531 603   372 316   46 4
– Rest of Africa 11 3.   16 15           1
– International 23 27   69 32         (10) 3
Additional segment information – Continuing operations                      
Analysis of revenue by type                      
– Sale of goods 12 354 12 086   17 902 16 137         (1) (1)
– Rendering of services 1 156 1 259**   2 475 2 282   332 255   11 2
  13 510 13 345   20 377 18 419   332 255   10 1
Inter-group revenue 1 080 933**   413 317   469 403   (2 010) (1 769)
  14 590 14 278   20 790 18 736   801 658   (2 000) (1 768)
Analysis of depreciation, amortisation, impairment and recoupments 448 272   385 337   81 51   (73) (92)
– Depreciation and amortisation 335 272   336 324   81 51   (65) (94)
– Recoupments and impairments (2)     (7) 3         1 2
– Amortisation and impairment of intangible assets arising on business combinations 115     56 10         (9)  
Share of result of associates and joint ventures included in pre-tax profits (13) (3)   24 14   38 9   (20) (37)
^ Restated as described in note 2.1 and 2.2
* Defined in the glossary of terms.
** The 2014 revenue split has a misallocation between ‘Rendering of services’ and ‘Inter-group revenue’ of R68 million.
The revised figures are:
– Rendering of services – R1 191 million
– Inter-group revenue – R1 001 million

    Group   Logistics
Africa		   Logistics
International		   Vehicle Import,
Distribution
and Dealerships
    31 December   30 June   31 December   30 June   31 December   30 June   31 December   30 June
Segment financial position   2015
Rm		 2014^
Rm		   2015^
Rm		   2015
Rm		 2014
Rm		   2015
Rm		   2015
Rm		 2014
Rm		   2015
Rm		   2015
Rm		 2014^
Rm		   2015
Rm
Operating assets*   63 437 60 596   56 944   17 281 15 550   15 310   12 996 11 300   11 250   15 861 14 338   15 350
– South Africa   35 682 37 555   34 312   9 474 9 441   9 034             13 562 12 839   13 885
– Rest of Africa   8 673 7 578   6 557   7 807 6 108   6 275             741 169   201
– International   19 082 15 463   16 075     1   1   12 996 11 300   11 250   1 558 1 330   1 264
Fixed assets included in operating assets   21 949 20 134   20 180   5 589 5 178   5 308   5 634 4 543   4 682   5 141 5 013   5 103
– Propert, plant and equipment   11 736 10 746   10 967   2 466 1 876   2 096   2 344 2 291   2 244   3 553 3 229   3 346
– Transport fleet   6 372 5 513   5 610   3 123 3 302   3 212   3 290 2 252   2 438          
– Vehicles for hire   3 841 3 875   3 603                       1 558 1 784   1 757
Operating liabilities*   25 951 24 271   23 774   6 360 5 678   5 512   4 952 4 216   4 304   5 581 4 130   5 594
– South Africa   14 255 15 270   14 794   3 503 3 970   3 682             4 907 3 918   5 358
– Rest of Africa   3 348 2 600   1 896   2 857 1 705   1 824             473 45   62
– International   8 348 6 401   7 084     3   6   4 952 4 216   4 304   201 167   174
Net working capital*   11 475 9 495   9 267   1 729 1 460   1 183   358 539   416   5 130 4 846   4 294
– South Africa   9 056 7 387   7 253   764 563   336             4 415 4 328   3 834
– Rest of Africa   1 169 750   924   965 899   852             195 53   62
– International   1 250 1 358   1 090     (2)   (5)   358 539   416   520 465   398
Net debt*#   18 150 15 143   14 327   6 064 5 340   4 872   3 362 4 383   4 150   5 967 5 484   4 661
– South Africa   11 248 8 688   8 204   3 172 2 752   2 669             5 329 4 930   4 185
– Rest of Africa   3 246 2 287   2 454   2 892 2 585   2 209             278 181   194
– International   3 656 4 168   3 669     3   (6)   3 362 4 383   4 150   360 373   282
Net capital expenditure   3 062 2 765   4 519   597 441   1 046   513 614   1 173   1 141 813   1 199
– South Africa   2 226 1 897   2 856   369 277   711             1 111 810   1 182
– Rest of Africa   293 189   369   228 164   335             17 1   8
– International   543 679   1 294             513 614   1 173   13 2   9

    Vehicle Retail,
Rental and
After Market Parts		   Motor-related
Financial Services
and Products		   Head-Office
and
Eliminations		   Insurance
    31 December   30 June   31 December   30 June   31 December   30 June   31 December   30 June
Segment financial position   2015
Rm		 2014^
Rm		   2015^
Rm		   2015
Rm		 2014
Rm		   2015
Rm		   2015
Rm		 2014^
Rm		   2015
Rm		   2015
Rm		 2014
Rm		   2015
Rm
Operating assets*   15 425 13 701   13 702   3 435 2 414   2 647   (1 561) (1 183)   (1 315)     4 476    
– South Africa   10 916 10 943   10 113   3 435 2 414   2 647   (1 705) (1 345)   (1 367)     3 263    
– Rest of Africa   125 88   81                         1 213    
– International   4 384 2 670   3 508             144 162   52          
Fixed assets included in operating assets   5 325 5 220   4 982   1 372 1 044   997   (1 112) (1 014)   (892)     150    
– Propert, plant and equipment   3 387 3 203   3 313   8 25   9   (22) (28)   (41)     150    
– Transport fleet                       (41) (41)   (40)          
– Vehicles for hire   1 938 2 017   1 669   1 364 1 019   988   (1 049) (945)   (811)          
Operating liabilities*   6 489 5 326   5 870   3 902 3 442   3 468   (1 333) (1 124)   (974)     2 603    
– South Africa   3 422 3 496   3 338   3 902 3 442   3 468   (1 479) (1 325)   (1 052)     1 769    
– Rest of Africa   18 16   10                         834    
– International   3 049 1 814   2 522             146 201   78          
Net working capital*   2 742 2 453   2 100   526 287   565   990 855   709     (945)    
– South Africa   2 371 2 187   1 924   526 287   565   980 757   594     (735)    
– Rest of Africa   10 7   11             (1) 1   (1)     (210)    
– International   361 259   165             11 97   116          
Net debt*#   3 223 3 290   2 482   (1 529) (1 839)   (1 738)   1 063 (416)   (100)     (1 099)    
– South Africa   2 772 2 899   2 199   (1 529) (1 839)   (1 738)   1 504 525   889     (579)    
– Rest of Africa   76 41   51                         (520)    
– International   375 350   232             (441) (914)   (989)          
Net capital expenditure   573 792   844   453 636   649   (273) (587)   (500)   58 56   108
– South Africa   510 707   710   453 636   649   (273) (588)   (501)   56 55   105
– Rest of Africa   46 22   23               1       2 1   3
– International   17 63   111                   1          

^ Restated as described in note 2.1 and 2.2
* Defined in the glossary of terms.
~ The assets and liabilities of the Insurance business are shown as discontinued operations at 30 June and 31 December 2015.
# The 30 June 2015 net debt restated to include the non redeemable, non participating preference shares