Secondary segmental information
for the six months ended 31 December 2019
PROFIT OR LOSS
| Imperial Logistics |
Freight management |
Contract logistics |
Market access |
Head office and eliminations |
||||||
| 2019 | 2018* | 2019 | 2018* | 2019 | 2018* | 2019 | 2018* | 2019 | 2018* | |
| Revenue | 25 397 | 25 221 | 12 380 | 13 266 | 7 363 | 6 839 | 5 691 | 5 383 | (37) | (267) |
|---|---|---|---|---|---|---|---|---|---|---|
| – South Africa | 7 603 | 6 470 | 4 355 | 4 190 | 3 072 | 2 280 | 213 | 267 | (37) | (267) |
| – Rest of Africa | 6 359 | 6 339 | 536 | 640 | 345 | 583 | 5 478 | 5 116 | ||
| – International | 11 435 | 12 412 | 7 489 | 8 436 | 3 946 | 3 976 | ||||
| Profit from operations before depreciation and recoupments | 2 955 | 2 768 | 1 598 | 1 468 | 836 | 843 | 516 | 456 | 5 | 1 |
| – South Africa | 984 | 913 | 625 | 526 | 405 | 404 | (51) | (18) | 5 | 1 |
| – Rest of Africa | 606 | 569 | 41 | 62 | (2) | 33 | 567 | 474 | ||
| – International | 1 365 | 1 286 | 932 | 880 | 433 | 406 | ||||
| Operating profit | 1 636 | 1 500 | 898 | 798 | 284 | 300 | 453 | 401 | 1 | 1 |
| – South Africa | 580 | 535 | 409 | 345 | 223 | 208 | (53) | (19) | 1 | 1 |
| – Rest of Africa | 511 | 479 | 23 | 30 | (18) | 29 | 506 | 420 | ||
| – International | 545 | 486 | 466 | 423 | 79 | 63 | ||||
| Depreciation, amortisation, impairments and recoupments | (1 478) | (1 460) | (790) | (759) | (556) | (559) | (130) | (144) | (2) | 2 |
| – South Africa | (400) | (394) | (213) | (196) | (183) | (199) | (2) | (1) | (2) | 2 |
| – Rest of Africa | (173) | (179) | (30) | (32) | (15) | (4) | (128) | (143) | ||
| – International | (905) | (887) | (547) | (531) | (358) | (356) | ||||
| Net finance cost | (338) | (298) | (111) | (142) | (132) | (152) | (93) | (86) | (2) | 82 |
| – South Africa | (107) | (56) | (18) | (30) | (75) | (101) | (12) | (7) | (2) | 82 |
| – Rest of Africa | (94) | (94) | (3) | (10) | (10) | (5) | (81) | (79) | ||
| – International | (137) | (148) | (90) | (102) | (47) | (46) | ||||
| Pre-tax profits** | 1 151 | 1 012 | 710 | 574 | 148 | 131 | 292 | 217 | 1 | 90 |
| – South Africa | 476 | 470 | 393 | 303 | 147 | 104 | (65) | (27) | 1 | 90 |
| – Rest of Africa | 347 | 285 | 19 | 22 | (29) | 19 | 357 | 244 | ||
| – International | 328 | 257 | 298 | 249 | 30 | 8 | ||||
| ADDITIONAL SEGMENT INFORMATION | ||||||||||
| Analysis of revenue by type | ||||||||||
| – Sale of goods | 5 982 | 5 492 | 29 | 30 | 281 | 113 | 5 671 | 5 345 | 1 | 4 |
| – Rendering of services | 19 415 | 19 729 | 12 570 | 13 354 | 6 794 | 6 505 | 39 | 50 | 12 | (180) |
| External revenue | 25 397 | 25 221 | 12 599 | 13 384 | 7 075 | 6 618 | 5 710 | 5 395 | 13 | (176) |
| Inter-group revenue | (219) | (118) | 288 | 221 | (19) | (12) | (50) | (91) | ||
| 25 397 | 25 221 | 12 380 | 13 266 | 7 363 | 6 839 | 5 691 | 5 383 | (37) | (267) | |
| Analysis of depreciation, amortisation, impairments and recoupments | (1 478) | (1 460) | (790) | (724) | (556) | (594) | (130) | (144) | (2) | 2 |
| Depreciation and amortisation | (1 342) | (1 283) | (714) | (626) | (563) | (597) | (62) | (55) | (3) | (5) |
| Recoupments and impairments | 38 | 19 | 29 | 2 | 10 | 10 | (1) | 7 | ||
| Amortisation of intangible assets arising from business combinations | (174) | (196) | (105) | (100) | (3) | (7) | (68) | (89) | 2 | |
| Share of results of associates (included in pre-tax profits) | 8 | 32 | 1 | 16 | 4 | 8 | 12 | (1) | ||
| Operating margin (%) | 6,4 | 5,9 | 7,3 | 6,0 | 3,9 | 4,4 | 8,0 | 7,4 | ||
| Working capital | 2 088 | 2 492 | 951 | 902 | (492) | 286 | 1 752 | 1 574 | (123) | (270) |
| Net capex | 815 | 700 | 545 | 381 | 216 | 296 | 65 | 22 | (11) | 1 |
| * | Restated for the adoption of IFRS 16 – Leases and for the representation of CPG as a discontinued operation. |
| ** | Refer to glossary of terms. |
Freight management entails the movement of goods on behalf of clients between specified sources and destinations; using different transportation modes (road, river, rail, air and ocean) and different transportation types (express less than load (LTL), palletised full trunk load (FTL), liquid and dry bulk, ambient and refrigerated).
Contract logistics encompasses warehousing, distribution and synchronisation management provided as dedicated or multi-principal services, often incorporating professional and managed services and integrated with transportation management to evolve to achieving lead logistics provider status.
Market access takes ownership of product inventory to provide our clients with unparalleled access to their end-consumers through an integrated logistics and sales service; leveraging sourcing, warehousing, distribution, synchronisation and transportation management as enablers.