Segmental information
for the six months ended 31 December 2018
Profit or loss
Imperial Logistics |
Logistics South Africa |
Logistics African Regions |
Logistics International |
|||||||||
Rm | 2018 | 2017 | 2018 | 2017** | 2018 | 2017** | 2018 | 2017 | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 26 637 | 26 320 | 8 153 | 8 361 | 6 339 | 5 385 | 12 412 | 11 592 | ||||
– South Africa | 7 886 | 8 198 | 8 153 | 8 361 | ||||||||
– Rest of Africa | 6 339 | 5 672 | 6 339 | 5 385 | ||||||||
– International | 12 412 | 12 450 | 12 412 | 11 592 | ||||||||
Operating profit | 1 325 | 1 376 | 457 | 504 | 465 | 401 | 402 | 434 | ||||
– South Africa | 458 | 502 | 457 | 504 | ||||||||
– Rest of Africa | 465 | 420 | 465 | 401 | ||||||||
– International | 402 | 454 | 402 | 434 | ||||||||
Depreciation, amortisation, impairments and recoupments | (744) | (781) | (268) | (272) | (135) | (149) | (343) | (329) | ||||
– South Africa | (266) | (279) | (268) | (272) | ||||||||
– Rest of Africa | (135) | (162) | (135) | (149) | ||||||||
– International | (343) | (340) | (343) | (329) | ||||||||
Net finance cost | (223) | (355) | (142) | (142) | (78) | (118) | (85) | (118) | ||||
– South Africa | (60) | (113) | (142) | (142) | ||||||||
– Rest of Africa | (78) | (118) | (78) | (118) | ||||||||
– International | (85) | (124) | (85) | (118) | ||||||||
Pre-tax profits* | 914 | 793 | 300 | 380 | 290 | 115 | 235 | 230 | ||||
– South Africa | 389 | 419 | 300 | 380 | ||||||||
– Rest of Africa | 290 | 136 | 290 | 115 | ||||||||
– International | 235 | 238 | 235 | 230 | ||||||||
Additional segment information | ||||||||||||
Analysis of revenue by type | ||||||||||||
– Sale of goods | 6 812 | 4 960 | 1 581 | 540 | 5 227 | 4 412 | ||||||
– Rendering of services | 19 825 | 21 360 | 6 546 | 7 768 | 1 049 | 939 | 12 410 | 11 592 | ||||
External revenue | 26 637 | 26 320 | 8 127 | 8 308 | 6 276 | 5 351 | 12 410 | 11 592 | ||||
Inter-group revenue | 26 | 53 | 63 | 34 | 2 | |||||||
26 637 | 26 320 | 8 153 | 8 361 | 6 339 | 5 385 | 12 412 | 11 592 | |||||
Analysis of depreciation, amortisation, impairments and recoupments | (744) | (781) | (268) | (272) | (135) | (149) | (343) | (329) | ||||
Depreciation and amortisation | (567) | (575) | (266) | (275) | (45) | (36) | (251) | (251) | ||||
Recoupments and impairments | 19 | 14 | 20 | 28 | (1) | (17) | (7) | 12 | ||||
Amortisation of intangible assets arising from business combinations | (196) | (220) | (22) | (25) | (89) | (96) | (85) | (90) | ||||
Share of results of associates (included in pre-tax profits) |
32 | 28 | 3 | 3 | 15 | 6 | 14 | 16 | ||||
Operating margin (%) | 5,0 | 5,2 | 5,6 | 6,0 | 7,3 | 7,4 | 3,2 | 3,7 |
* Refer to glossary of terms on Glossary of terms.
** Restated due to the reallocation of results related to significant project work from Logistics South Africa to Logistics African Regions.
Businesses held for sale |
Head office and eliminations | |||||
Rm | 2018 | 2017 | 2018 | 2017 | ||
---|---|---|---|---|---|---|
Revenue | 1 227 | (267) | (245) | |||
– South Africa | 82 | (267) | (245) | |||
– Rest of Africa | 287 | |||||
– International | 858 | |||||
Operating profit | 49 | 1 | (12) | |||
– South Africa | 3 | 1 | (5) | |||
– Rest of Africa | 19 | |||||
– International | 27 | (7) | ||||
Depreciation, amortisation, impairments and recoupments | (26) | 2 | (5) | |||
– South Africa | (2) | 2 | (5) | |||
– Rest of Africa | (13) | |||||
– International | (11) | |||||
Net finance cost | (13) | 82 | 36 | |||
– South Africa | (3) | 82 | 32 | |||
– Rest of Africa | ||||||
– International | (10) | 4 | ||||
Pre-tax profits* | 28 | 89 | 40 | |||
– South Africa | (4) | 89 | 43 | |||
– Rest of Africa | 21 | |||||
– International | 11 | (3) | ||||
Additional segment information | ||||||
Analysis of revenue by type | ||||||
– Sale of goods | 1 | 4 | 7 | |||
– Rendering of services | 1 191 | (180) | (130) | |||
External revenue | 1 192 | (176) | (123) | |||
Inter-group revenue | 35 | (91) | (122) | |||
1 227 | (267) | (245) | ||||
Analysis of depreciation, amortisation, impairments and recoupments | (24) | 2 | (7) | |||
Depreciation and amortisation | (15) | (5) | 2 | |||
Recoupments and impairments | 7 | (9) | ||||
Amortisation of intangible assets arising from business combinations | (9) | |||||
Share of results of associates (included in pre-tax profits) |
3 | |||||
Operating margin (%) |
* Refer to glossary of terms on Glossary of terms.
** Restated due to the reallocation of results related to significant project work from Logistics South Africa to Logistics African Regions.
Financial position
Imperial Logistics |
Logistics South Africa |
Logistics African Regions |
Logistics International |
|||||||||||||
31 December | 30 June | 31 December | 30 June | 31 December | 30 June | 31 December | 30 June | |||||||||
Rm | 2018 | 2017 | 2018 | 2018 | 2017** | 2018** | 2018 | 2017** | 2018** | 2018 | 2017 | 2018 | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||||||||
Goodwill and intangible assets | 8 554 | 9 172 | 8 575 | 824 | 811 | 860 | 2 647 | 2 431 | 2 601 | 5 064 | 4 735 | 5 105 | ||||
Property, plant and equipment | 3 192 | 9 667 | 3 042 | 1 336 | 1 350 | 1 333 | 363 | 346 | 387 | 1 406 | 1 342 | 1 433 | ||||
Transport fleet | 5 777 | 5 345 | 5 358 | 2 695 | 2 601 | 2 475 | 153 | 198 | 156 | 2 929 | 2 580 | 2 760 | ||||
Vehicles for hire | 4 489 | |||||||||||||||
Investments in associates (excluding loans advanced to associates) | 491 | 915 | 510 | 73 | 9 | 70 | 319 | 294 | 296 | 133 | 146 | 176 | ||||
Investments | 59 | 867 | 30 | 29 | 24 | 29 | 5 | 5 | 5 | |||||||
Inventories | 2 464 | 16 803 | 2 194 | 365 | 356 | 417 | 1 896 | 1 423 | 1 623 | 203 | 111 | 154 | ||||
Trade and other receivables | 10 906 | 14 606 | 9 774 | 4 501 | 4 154 | 4 026 | 2 275 | 1 819 | 2 047 | 4 129 | 3 594 | 3 744 | ||||
Cash resources | 70 | |||||||||||||||
Operating assets* | 31 443 | 61 934 | 29 483 | 9 823 | 9 305 | 9 210 | 7 653 | 6 511 | 7 110 | 13 869 | 12 513 | 13 377 | ||||
– South Africa | 9 921 | 34 270 | 8 996 | 9 823 | 9 305 | 9 210 | ||||||||||
– Rest of Africa | 7 653 | 7 210 | 7 110 | 7 653 | 6 511 | 7 110 | ||||||||||
– International | 13 869 | 20 454 | 13 377 | 13 869 | 12 513 | 13 377 | ||||||||||
Liabilities | ||||||||||||||||
Retirement benefit obligations | 1 251 | 1 046 | 1 216 | 1 251 | 1 046 | 1 216 | ||||||||||
Maintenance and warranty contracts | 2 953 | |||||||||||||||
Trade and other payables and provisions | 10 806 | 22 525 | 10 087 | 4 104 | 3 725 | 3 650 | 2 607 | 2 238 | 2 464 | 3 824 | 3 395 | 3 680 | ||||
Other financial liabilities | 83 | 341 | 194 | 58 | 29 | 24 | 14 | 171 | 157 | 8 | 2 | |||||
Operating liabilities* | 12 140 | 26 865 | 11 497 | 4 162 | 3 754 | 3 674 | 2 621 | 2 409 | 2 621 | 5 083 | 4 441 | 4 898 | ||||
– South Africa | 4 436 | 15 000 | 3 978 | 4 162 | 3 754 | 3 674 | ||||||||||
– Rest of Africa | 2 621 | 2 656 | 2 621 | 2 621 | 2 409 | 2 621 | ||||||||||
– International | 5 083 | 9 209 | 4 898 | 5 083 | 4 441 | 4 898 | ||||||||||
Net working capital* | 2 564 | 8 884 | 1 881 | 762 | 785 | 793 | 1 564 | 1 004 | 1 206 | 508 | 310 | 218 | ||||
– South Africa | 492 | 5 963 | 457 | 762 | 785 | 793 | ||||||||||
– Rest of Africa | 1 564 | 1 183 | 1 206 | 1 564 | 1 004 | 1 206 | ||||||||||
– International | 508 | 1 738 | 218 | 508 | 310 | 218 | ||||||||||
Net debt | 6 230 | 17 249 | 5 721 | 2 058 | 2 280 | 2 241 | 1 161 | 1 896 | 635 | 3 307 | 5 670 | 3 117 | ||||
– South Africa | 1 762 | 7 961 | 1 969 | 2 058 | 2 280 | 2 241 | ||||||||||
– Rest of Africa | 1 161 | 2 097 | 635 | 1 161 | 1 896 | 635 | ||||||||||
– International | 3 307 | 7 191 | 3 117 | 3 307 | 5 670 | 3 117 | ||||||||||
Net capital expenditure* | (2 051) | (1 426) | (839) | (435) | (347) | (397) | (26) | 237 | 216 | (240) | (210) | (373) | ||||
– South Africa | (1 785) | (1 288) | (1 213) | (435) | (347) | (397) | ||||||||||
– Rest of Africa | (26) | 174 | 161 | (26) | 237 | 216 | ||||||||||
– International | (240) | (312) | 213 | (240) | (210) | (373) |
* Refer to glossary of terms on Glossary of terms.
** Restated due to the reallocation of results related to significant project work from Logistics South Africa to Logistics African Regions.
Eliminations | Total Logistics |
Head office and eliminations |
Motus | |||||||||||||
31 December | 30 June | 31 December | 30 June | 31 December | 30 June | 31 December | 30 June | |||||||||
Rm | 2018 | 2017 | 2018 | 2018 | 2017 | 2018 | 2018 | 2017 | 2018 | 2018 | 2017 | 2018 | ||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||||||||
Goodwill and intangible assets | 20 | 4 | 21 | 8 555 | 7 981 | 8 587 | (1) | 9 | (12) | 1 182 | ||||||
Property, plant and equipment | 86 | 61 | 54 | 3 191 | 3 099 | 3 207 | 1 | (84) | (165) | 6 652 | ||||||
Transport fleet | 5 777 | 5 379 | 5 391 | (34) | (33) | |||||||||||
Vehicles for hire | 4 489 | |||||||||||||||
Investments in associates (excluding loans advanced to associates) | (40) | (39) | 485 | 449 | 503 | 6 | 28 | 7 | 438 | |||||||
Investments | (1) | 34 | 28 | 34 | 25 | (6) | (4) | 845 | ||||||||
Inventories | 2 464 | 1 890 | 2 194 | 14 913 | ||||||||||||
Trade and other receivables | 60 | (11) | 10 905 | 9 627 | 9 806 | 1 | 40 | (32) | 4 939 | |||||||
Cash resources | 70 | |||||||||||||||
Operating assets* | 66 | 124 | 25 | 31 411 | 28 453 | 29 722 | 32 | (47) | (239) | 33 528 | ||||||
– South Africa | 66 | 124 | 25 | 9 889 | 9 429 | 9 235 | 32 | (177) | (239) | 25 018 | ||||||
– Rest of Africa | 7 653 | 6 511 | 7 110 | 699 | ||||||||||||
– International | 13 869 | 12 513 | 13 377 | 130 | 7 811 | |||||||||||
Liabilities | ||||||||||||||||
Retirement benefit obligations | 1 251 | 1 046 | 1 216 | |||||||||||||
Maintenance and warranty contracts | 90 | 2 863 | ||||||||||||||
Trade and other payables and provisions | 137 | 161 | 142 | 10 672 | 9 519 | 9 936 | 134 | 283 | 151 | 12 723 | ||||||
Other financial liabilities | 6 | (1) | 86 | 200 | 182 | (3) | 24 | 12 | 117 | |||||||
Operating liabilities* | 143 | 161 | 141 | 12 009 | 10 765 | 11 334 | 131 | 397 | 163 | 15 703 | ||||||
– South Africa | 143 | 161 | 141 | 4 305 | 3 915 | 3 815 | 131 | 362 | 163 | 10 723 | ||||||
– Rest of Africa | 2 621 | 2 409 | 2 621 | 1 | 246 | |||||||||||
– International | 5 083 | 4 441 | 4 898 | 34 | 4 734 | |||||||||||
Net working capital* | (137) | (101) | (153) | 2 697 | 1 998 | 2 064 | (133) | (243) | (183) | 7 129 | ||||||
– South Africa | (137) | (101) | (153) | 625 | 684 | 640 | (133) | (322) | (183) | 5 601 | ||||||
– Rest of Africa | 1 564 | 1 004 | 1 206 | (1) | 180 | |||||||||||
– International | 508 | 310 | 218 | 80 | 1 348 | |||||||||||
Net debt | (135) | 95 | (195) | 6 391 | 9 941 | 5 798 | (161) | 30 | (77) | 7 278 | ||||||
– South Africa | (135) | 95 | (195) | 1 923 | 2 375 | 2 046 | (161) | 147 | (77) | 5 439 | ||||||
– Rest of Africa | 1 161 | 1 896 | 635 | 201 | ||||||||||||
– International | 3 307 | 5 670 | 3 117 | (117) | 1 638 | |||||||||||
Net capital expenditure* | (31) | (4) | (24) | (732) | (324) | (578) | 32 | 39 | 61 | (1 351) | (1 141) | (322) | ||||
– South Africa | (31) | (4) | (24) | (466) | (351) | (421) | 32 | 39 | 61 | (1 351) | (976) | (853) | ||||
– Rest of Africa | (26) | 237 | 216 | (63) | (55) | |||||||||||
– International | (240) | (210) | (373) | (102) | 586 |
* Refer to glossary of terms on Glossary of terms.
** Restated due to the reallocation of results related to significant project work from Logistics South Africa to Logistics African Regions.