Segmental information

    Group   Logistics
Africa		   Logistics
International		  
Segment profit or loss – Continuing operations   2015
Rm		 2014^
Rm		   2015
Rm		 2014
Rm		   2015
Rm		 2014
Rm		  
Revenue   107 453 100 662   25 347 22 090   19 071 19 249  
– South Africa   67 101 66 191   15 372 15 755        
– Rest of Africa   10 481 6 818   9 974 6 319        
– International   29 871 27 653   1 16   19 071 19 249  
Operating profit   5 671 5 731   1 587 1 270   958 971  
– South Africa   3 828 4 248   952 939        
– Rest of Africa   668 367   632 334        
– International   1 175 1 116   3 (3)   958 971  
Depreciation, amortisation, impairments and recoupments   2 878 2 490   924 773   739 765  
– South Africa   1 754 1 480   636 604        
– Rest of Africa   305 184   288 169        
– International   819 826         739 765  
Net finance costs   1 194 926   407 327   180 180  
– South Africa   825 652   281 265        
– Rest of Africa   135 70   126 62        
– International   234 204         180 180  
Pre-tax profits*   4 093 4 473   1 037 865   647 555  
– South Africa   2 893 3 593   661 677        
– Rest of Africa   404 219   373 191        
– International   796 661   3 (3)   647 555  
Additional segment information – Continuing operations                    
Analysis of revenue by type                    
– Sale of goods   63 966 57 497   8 216 4 964        
– Rendering of services   43 487 43 165   17 008 17 005   19 070 19 222  
    107 453 100 662   25 224 21 969   19 070 19 222  
Inter-group revenue         123 121   1 27  
    107 453 100 662   25 347 22 090   19 071 19 249  
Analysis of depreciation, amortisation, impairment and recoupments   2 878 2 490   924 773   739 765  
– Depreciation and amortisation   2 520 2 296   731 695   575 591  
– Recoupments and impairments   (57) (142)   (20) (46)   (16) (19)  
– Amortisation of intangible assets arising on business combinations   415 336   213 124   180 193  
Share of result of associates and joint ventures included in pre-tax profits   33 78   34 40   25 31  

  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 27 437 27 100   37 547 34 014   1 429 1 166   (3 378) (2 957)
– South Africa 23 898 23 611   29 780 28 616   1 429 1 166   (3 378) (2 957)
– Rest of Africa 388 390   119 109            
– International 3 151 3 099   7 648 5 289            
Operating profit 960 1 518   1 677 1 569   620 587   (131) (184)
– South Africa 885 1 475   1 491 1 421   620 587   (120) (174)
– Rest of Africa 4 6   32 27            
– International 71 37   154 121         (11) (10)
Depreciation, amortisation, impairments and recoupments 546 401   662 566   117 63   (110) (78)
– South Africa 531 389   579 504   117 63   (109) (80)
– Rest of Africa 3 2   14 13            
– International 12 10   69 49         (1) 2
Net finance costs 494 360   313 279         (200) (220)
– South Africa 473 341   271 255         (200) (209)
– Rest of Africa 3 3   6 5            
– International 18 16   36 19           (11)
Pre-tax profits* 458 1 165   1 388 1 371   647 616   (84) (99)
– South Africa 399 1 135   1 260 1 256   647 616   (74) (91)
– Rest of Africa 5 6   26 22            
– International 54 24   102 93         (10) (8)
Additional segment information – Continuing operations                      
Analysis of revenue by type                      
– Sale of goods 23 441 23 475   32 308 29 057         1 1
– Rendering of services 2 295 2 218**   4 515 4 301   594 434   5 (15)
  25 736 25 693   36 823 33 358   594 434   6 (14)
Inter-group revenue 1 701 1 407**   724 656   835 732   (3 384) (2 943)
  27 437 27 100   37 547 34 014   1 429 1 166   (3 378) (2 957)
Analysis of depreciation, amortisation, impairment and recoupments 546 401   662 566   117 63   (110) (78)
– Depreciation and amortisation 553 404   659 620   117 63   (115) (77)
– Recoupments and impairments (7) (3)   (19) (73)         5 (1)
– Amortisation of intangible assets arising on business combinations       22 19            
Share of result of associates and joint ventures included in pre-tax profits (3) 9   33 26   27 29   (83) (57)
^ Restated as described in note 2.
* Defined in the glossary of terms on page 36.
** The 2014 revenue split has a misallocation between ‘Rendering of services’ and ‘Inter-group revenue’ of R140 million.
The revised figures are:
- Rendering of services – R2 078 million
- Inter-group revenue – R1 547 million

    Group   Logistics
Africa		   Logistics
International		   Vehicle Import,
Distribution
and Dealerships
Segment financial position   2015
Rm		 2014
Rm		   2015
Rm		 2014
Rm		   2015
Rm		 2014
Rm		   2015
Rm		 2014^
Rm
Operating assets*   56 944 55 968   15 310 12 702   11 250 11 543   15 350 14 351
– South Africa   34 312 35 081   9 034 8 225         13 885 12 809
– Rest of Africa   6 557 5 903   6 275 4 476         201 198
– International   16 075 14 984   1 1   11 250 11 543   1 264 1 344
Fixed assets included in operating assets   20 180 18 736   5 308 5 060   4 682 4 358   5 103 4 476
– Propert, plant and equipment   10 967 10 469   2 096 1 739   2 244 2 319   3 346 3 210
– Transport fleet   5 610 5 322   3 212 3 321   2 438 2 039      
– Vehicles for hire   3 603 2 945               1 757 1 266
Operating liabilities*   23 167 22 802   5 512 4 649   4 304 4 512   5 594 4 172
– South Africa   14 794 14 636   3 682 3 307         5 358 3 917
– Rest of Africa   1 896 2 212   1 824 1 342         62 74
– International   6 477 5 954   6     4 304 4 512   174 181
Net working capital*   9 874 8 033   1 183 527   416 271   4 294 5 319
– South Africa   7 253 6 516   336 74         3 834 4 843
– Rest of Africa   924 343   852 453         62 52
– International   1 697 1 174   (5)     416 271   398 424
Net debt*   14 493 11 882   4 872 3 778   4 150 4 062   4 661 5 465
– South Africa   7 763 6 771   2 669 2 344         4 185 4 921
– Rest of Africa   2 454 1 166   2 209 1 433         194 183
– International   4 276 3 945   (6) 1   4 150 4 062   282 361
Net capital expenditure   4 519 3 599   1 046 887   1 173 1 119   1 199 998
– South Africa   2 856 1 978   711 666         1 182 792
– Rest of Africa   369 250   335 221         8 1
– International   1 294 1 371         1 173 1 119   9 205

    Vehicle Retail,
Rental and
After Market Parts		   Motor-related
Financial Services
and Products		   Head-Office
and
Eliminations		   Insurance
Segment financial position   2015
Rm		 2014^
Rm		   2015
Rm		 2014^
Rm		   2015
Rm		 2014^
Rm		   2015~
Rm		 2014^
Rm
Operating assets*   13 702 11 822   2 647 1 905   (1 315) (740)     4 385
– South Africa   10 113 9 797   2 647 1 905   (1 367) (873)     3 218
– Rest of Africa   81 62                 1 167
– International   3 508 1 963         52 133      
Fixed assets included in operating assets   4 982 4 961   997 469   (892) (724)     136
– South Africa   3 313 3 348   9 9   (41) (292)     136
– Rest of Africa               (40) (38)      
– International   1 669 1 613   988 460   (811) (394)      
Operating liabilities*   5 263 4 298   3 468 3 141   (974) (542)     2 572
– South Africa   3 338 3 224   3 468 3 141   (1 052) (743)     1 790
– Rest of Africa   10 14                 782
– International   1 915 1 060         78 201      
Net working capital*   2 707 2 156   565 447   709 242     (929)
– South Africa   1 924 1 828   565 447   594 95     (771)
– Rest of Africa   11 (1)         (1) (3)     (158)
– International   772 329         116 150      
Net debt*   3 089 2 420   (1 738) (2 002)   (541) (202)     (1 639)
– South Africa   2 199 2 052   (1 738) (2 002)   448 614     (1 158)
– Rest of Africa   51 31                 (481)
– International   839 337         (989) (816)      
Net capital expenditure   844 633   649 224   (500) (316)   108 54
– South Africa   710 560   649 224   (501) (316)   105 52
– Rest of Africa   23 26               3 2
– International   111 47         1        
^ Restated as described in note 2.
* Defined in the glossary of terms on page 36.
~ The assets and liabilities of the Insurance business are shown as held-for-sale at 30 June 2015.