Segment report
for the year ended 30 September 2014
| |
|
|
Turnover1 |
|
Operating income2 |
|
Depreciation and
amortisation |
|
|
|
| (R’million) |
|
|
Restated*
2013 |
|
Restated*
2013 |
|
2013 |
|
|
|
| DOMESTIC OPERATIONS |
|
|
22 373,2 |
|
20 250,7 |
|
3 146,8 |
|
2 892,0 |
|
399,7 |
|
364,7 |
|
|
|
| Grains |
|
|
10 948,6 |
|
10 052,7 |
|
1 918,9 |
|
1 689,7 |
|
147,9 |
|
141,3 |
|
|
|
| Milling and Baking3 |
|
|
8 043,0 |
|
7 243,3 |
|
1 596,5 |
|
1 399,9 |
|
126,9 |
|
119,6 |
|
|
|
| Other Grains4** |
|
|
2 905,6 |
|
2 809,4 |
|
322,4 |
|
289,8 |
|
21,0 |
|
21,7 |
|
|
|
| Consumer Brands |
|
|
11 424,6 |
|
10 198,9 |
|
1 375,8 |
|
1 345,9 |
|
201,7 |
|
187,5 |
|
|
|
| Groceries** |
|
|
3 968,7 |
|
3 238,6 |
|
320,4 |
|
295,1 |
|
98,9 |
|
94,8 |
|
|
|
| Snacks & Treats |
|
|
2 054,5 |
|
1 924,0 |
|
309,4 |
|
305,0 |
|
39,1 |
|
37,5 |
|
|
|
| Beverages |
|
|
1 107,9 |
|
1 020,3 |
|
126,6 |
|
106,4 |
|
17,8 |
|
14,8 |
|
|
|
| Value Added Meat Products** |
|
|
1 896,2 |
|
1 736,3 |
|
130,8 |
|
119,7 |
|
30,0 |
|
29,2 |
|
|
|
| Out of Home |
|
|
437,1 |
|
402,7 |
|
90,1 |
|
80,4 |
|
- |
|
- |
|
|
|
| HPCB |
|
|
1 960,2 |
|
1 877,0 |
|
398,5 |
|
439,3 |
|
15,9 |
|
11,2 |
|
|
|
| Personal Care |
|
|
564,2 |
|
582,7 |
|
112,8 |
|
140,9 |
|
3,9 |
|
4,7 |
|
|
|
| Babycare |
|
|
747,2 |
|
717,0 |
|
210,2 |
|
206,8 |
|
7,2 |
|
0,9 |
|
|
|
| Homecare |
|
|
648,8 |
|
577,3 |
|
75,5 |
|
91,6 |
|
4,8 |
|
5,6 |
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Domestic intergroup sales |
|
|
- |
|
(0,9) |
|
- |
|
- |
|
- |
|
- |
|
|
|
| Other5 |
|
|
- |
|
- |
|
(147,9) |
|
(143,6) |
|
50,1 |
|
35,9 |
|
|
|
| EXPORTS AND INTERNATIONAL |
|
|
4 578,7 |
|
3 944,0 |
|
691,1 |
|
574,8 |
|
70,2 |
|
53,6 |
|
|
|
| Exports |
|
|
1 846,5 |
|
1 521,7 |
|
423,6 |
|
366,4 |
|
10,6 |
|
10,3 |
|
|
|
| International operations |
|
|
1 462,7 |
|
1 239,6 |
|
207,1 |
|
166,3 |
|
45,1 |
|
29,1 |
|
|
|
| Deciduous Fruit |
|
|
1 440,1 |
|
1 324,5 |
|
60,4 |
|
42,1 |
|
14,5 |
|
14,2 |
|
|
|
| Other intergroup sales |
|
|
(170,6) |
|
(141,8) |
|
- |
|
- |
|
- |
|
- |
|
|
|
| NIGERIA |
|
|
3 120,1 |
|
2 808,8 |
|
(281,9) |
|
(384,0) |
|
247,3 |
|
269,2 |
|
|
|
| TOTAL FROM CONTINUING OPERATIONS |
|
|
30 072,0 |
|
27 003,5 |
|
3 556,0 |
|
3 082,8 |
|
717,2 |
|
687,5 |
|
|
|
| DISCONTINUED OPERATION |
|
|
186,9 |
|
1 087,8 |
|
30,8 |
|
196,9 |
|
- |
|
66,7 |
|
|
|
| TOTAL GROUP |
|
|
30 258,9 |
|
28 091,3 |
|
3 586,8 |
|
3 279,7 |
|
717,2 |
|
754,2 |
|
|
|
| * |
The amounts have been restated due to the adoption of IAS 19R. |
| ** |
Segmental reporting has been revised during the current year, with Pasta and Canned Meats being removed from the Groceries division and
realigned to Other Grains and Value Added Meat Products respectively. The comparative disclosures have been restated accordingly. |
| 1 |
Refer to of the financial statements for further information on geographical split. |
| 2 |
Operating income is stated after amortisation of intangible assets. |
| 3 |
Comprises maize milling, wheat milling and baking, sorghum beverages and malt-based breakfast cereals. |
| 4 |
Comprises rice, pasta and oat-based breakfast cereals. |
| 5 |
Includes the corporate office and management expenses relating to international investments. Also included are IFRS 2 charges of
R105,4 million (2013: R134,2 million). Refer to for further details. |
| All segments operate on an arm’s length basis in relation to intersegment pricing. |
| |
|
|
Total assets |
|
Accounts payable, provisions
and accruals and taxation |
|
Capital expenditure |
|
|
| (R’million) |
|
|
Restated*
2013 |
|
Restated*
2013 |
|
2013 |
|
|
| DOMESTIC OPERATIONS |
|
|
15 715,2 |
|
14 862,3 |
|
3 693,3 |
|
3 230,7 |
|
636,4 |
|
546,5 |
|
|
| Grains |
|
|
4 981,1 |
|
4 499,8 |
|
1 117,4 |
|
999,4 |
|
108,3 |
|
121,7 |
|
|
| Milling and Baking1 |
|
|
3 845,4 |
|
3 503,7 |
|
847,2 |
|
705,2 |
|
108,3 |
|
116,7 |
|
|
| Other Grains2 |
|
|
1 135,7 |
|
996,1 |
|
270,2 |
|
294,2 |
|
- |
|
5,0 |
|
|
| Consumer Brands |
|
|
9 553,1 |
|
8 468,4 |
|
1 960,5 |
|
1 674,9 |
|
454,7 |
|
384,7 |
|
|
| Groceries |
|
|
4 156,1 |
|
3 574,2 |
|
769,6 |
|
614,9 |
|
276,7 |
|
227,2 |
|
|
| Snacks & Treats |
|
|
1 086,7 |
|
860,0 |
|
382,6 |
|
347,5 |
|
148,4 |
|
55,5 |
|
|
| Beverages |
|
|
1 668,5 |
|
1 582,8 |
|
218,0 |
|
158,2 |
|
- |
|
64,0 |
|
|
| Value Added Meat Products |
|
|
1 151,9 |
|
1 023,9 |
|
237,2 |
|
237,8 |
|
20,8 |
|
30,4 |
|
|
| Out of Home |
|
|
- |
|
- |
|
- |
|
0,4 |
|
- |
|
- |
|
|
| HPCB |
|
|
1 489,9 |
|
1 427,5 |
|
353,1 |
|
316,1 |
|
8,8 |
|
7,6 |
|
|
| Other3 |
|
|
1 181,0 |
|
1 894,1 |
|
615,4 |
|
556,4 |
|
73,4 |
|
40,1 |
|
|
| EXPORTS AND INTERNATIONAL |
|
|
5 162,6 |
|
4 614,0 |
|
705,1 |
|
620,8 |
|
206,0 |
|
89,1 |
|
|
| Exports |
|
|
2 659,9 |
|
2 327,7 |
|
171,4 |
|
120,6 |
|
0,3 |
|
4,4 |
|
|
| International operations |
|
|
1 572,6 |
|
1 302,4 |
|
325,3 |
|
332,4 |
|
109,7 |
|
61,7 |
|
|
| Deciduous Fruit |
|
|
930,1 |
|
983,9 |
|
208,4 |
|
167,8 |
|
96,0 |
|
23,0 |
|
|
| NIGERIA |
|
|
3 667,3 |
|
4 345,8 |
|
951,4 |
|
828,1 |
|
140,5 |
|
48,5 |
|
|
| Classified as held-for-sale/discontinued operation |
|
|
- |
|
1 280,7 |
|
- |
|
491,3 |
|
- |
|
43,5 |
|
|
| TOTAL |
|
|
24 545,1 |
|
25 102,8 |
|
5 349,8 |
|
5 170,9 |
|
982,9 |
|
727,6 |
|
|
| |
Total assets |
| (R’million) |
Restated*
2013 |
|
| Split of non-current assets |
|
|
|
|
| South Africa |
5 962,0 |
|
5 322,0 |
|
| Outside South Africa |
4 432,3 |
|
5 601,3 |
|
| TOTAL |
10 394,3 |
|
10 923,3 |
|
| (R’million) |
2013 |
|
| Reconciliation of total assets |
|
|
|
|
| Total assets per statements of financial position |
24 852,0 |
|
25 241,0 |
|
| Deferred taxation asset |
(306,9) |
|
(138,2) |
|
| |
24 545,1 |
|
25 102,8 |
|
| * |
The amounts have been restated due to the adoption of IAS 19R. |
| ** |
Segmental reporting has been revised during the current year, with Pasta and Canned Meats being removed from the Groceries division and
realigned to Other Grains and Value Added Meat Products respectively. The comparative disclosures have been restated accordingly. |
| 1 |
Comprises maize milling, wheat milling and baking, sorghum beverages and malt-based breakfast cereals. |
| 2 |
Comprises rice, pasta and oat-based breakfast cereals. |
| 3 |
Includes the corporate office. |
| |
|
