Segment report
for the year ended 30 September 2015
-
| |
|
|
Turnover1 |
|
Operating income2 |
|
Depreciation and
amortisation |
|
|
|
| Rm |
|
|
2015 |
|
Restated*
2014 |
|
2015 |
|
Restated*
2014 |
|
2015 |
|
Restated*
2014 |
|
|
|
| Domestic operations |
|
|
23 630,6 |
|
22 373,2 |
|
3 595,1 |
|
3 252,2 |
|
419,3 |
|
399,7 |
|
|
|
| Grains |
|
|
11 375,4 |
|
10 948,6 |
|
2 060,8 |
|
1 918,9 |
|
147,1 |
|
147,9 |
|
|
|
| Milling and Baking3 |
|
|
8 160,5 |
|
8 043,0 |
|
1 680,5 |
|
1 596,5 |
|
126,6 |
|
126,9 |
|
|
|
| Other Grains4 |
|
|
3 214,9 |
|
2 905,6 |
|
380,3 |
|
322,4 |
|
20,5 |
|
21,0 |
|
|
|
| Consumer Brands |
|
|
12 255,2 |
|
11 424,6 |
|
1 539,5 |
|
1 375,8 |
|
226,9 |
|
201,7 |
|
|
|
| Groceries |
|
|
4 265,4 |
|
3 968,7 |
|
410,6 |
|
320,4 |
|
110,1 |
|
98,9 |
|
|
|
| Snacks & Treats |
|
|
2 137,1 |
|
2 054,5 |
|
314,9 |
|
309,4 |
|
51,2 |
|
39,1 |
|
|
|
| Beverages |
|
|
1 166,8 |
|
1 107,9 |
|
137,8 |
|
126,6 |
|
17,0 |
|
17,8 |
|
|
|
| Value Added Meat Products |
|
|
2 095,1 |
|
1 896,2 |
|
146,3 |
|
130,8 |
|
31,1 |
|
30,0 |
|
|
|
| Out of Home |
|
|
443,7 |
|
437,1 |
|
86,3 |
|
90,1 |
|
– |
|
– |
|
|
|
| HPCB |
|
|
2 147,1 |
|
1 960,2 |
|
443,6 |
|
398,5 |
|
17,5 |
|
15,9 |
|
|
|
| Personal Care |
|
|
630,9 |
|
564,2 |
|
129,7 |
|
112,8 |
|
3,8 |
|
3,9 |
|
|
|
| Baby Care |
|
|
803,0 |
|
747,2 |
|
214,2 |
|
210,2 |
|
9,0 |
|
7,2 |
|
|
|
| Home Care |
|
|
713,2 |
|
648,8 |
|
99,7 |
|
75,5 |
|
4,7 |
|
4,8 |
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other5 |
|
|
– |
|
– |
|
(5,2) |
|
(42,5) |
|
45,3 |
|
50,1 |
|
|
|
| Exports and International* |
|
|
4 617,4 |
|
4 578,7 |
|
526,7 |
|
691,1 |
|
87,9 |
|
70,2 |
|
|
|
| Exports |
|
|
1 872,4 |
|
1 846,5 |
|
364,4 |
|
423,6 |
|
11,4 |
|
10,6 |
|
|
|
| International operations – Central Africa* |
|
|
706,5 |
|
659,1 |
|
115,8 |
|
103,5 |
|
20,1 |
|
18,3 |
|
|
|
| International operations – Eastern Africa* |
|
|
762,6 |
|
803,6 |
|
(48,9) |
|
103,6 |
|
35,1 |
|
26,8 |
|
|
|
| Deciduous Fruit |
|
|
1 434,0 |
|
1 440,1 |
|
95,4 |
|
60,4 |
|
21,3 |
|
14,5 |
|
|
|
| Other intergroup sales |
|
|
(158,1) |
|
(170,6) |
|
– |
|
– |
|
– |
|
– |
|
|
|
| Nigeria |
|
|
3 309,6 |
|
3 120,1 |
|
(438,9) |
|
(281,9) |
|
178,7 |
|
247,3 |
|
|
|
| Total from continuing operations before IFRS 2 charges |
|
|
31 557,6 |
|
30 072,0 |
|
3 682,9 |
|
3 661,4 |
|
685,9 |
|
717,2 |
|
|
|
| IFRS 2 charges |
|
|
– |
|
– |
|
(29,2) |
|
(105,4) |
|
– |
|
– |
|
|
|
| Total from continuing operations after IFRS 2 charges |
|
|
31 557,6 |
|
30 072,0 |
|
3 653,7 |
|
3 556,0 |
|
685,9 |
|
717,2 |
|
|
|
| Discontinued operation |
|
|
– |
|
186,9 |
|
– |
|
30,8 |
|
– |
|
– |
|
|
|
| Total group |
|
|
31 557,6 |
|
30 258,9 |
|
3 653,7 |
|
3 586,8 |
|
685,9 |
|
717,2 |
|
|
|
| * |
Segmental reporting has been revised during the current year, with international operations being further segmented into Central and East Africa
operations. 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. |
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 |
|
|
| Rm |
|
|
2015 |
|
Restated*
2014 |
2015 |
|
Restated*
2014 |
2015 |
|
Restated*
2014 |
|
|
| Domestic operations |
|
|
17 654,1 |
|
15 715,2 |
3 731,8 |
|
3 693,3 |
520,3 |
|
636,4 |
|
|
| Grains |
|
|
4 649,7 |
|
4 981,1 |
1 301,1 |
|
1 117,4 |
148,0 |
|
108,3 |
|
|
| Milling and Baking1 |
|
|
3 222,6 |
|
3 845,4 |
924,8 |
|
847,2 |
133,5 |
|
103,8 |
|
|
| Other Grains2 |
|
|
1 427,1 |
|
1 135,7 |
376,3 |
|
270,2 |
14,5 |
|
4,5 |
|
|
| Consumer Brands |
|
|
9 312,5 |
|
9 553,1 |
2 091,3 |
|
1 960,5 |
280,4 |
|
454,7 |
|
|
| Groceries |
|
|
4 115,8 |
|
4 156,1 |
834,4 |
|
769,6 |
146,3 |
|
276,7 |
|
|
| Snacks & Treats |
|
|
895,6 |
|
1 086,7 |
365,7 |
|
382,6 |
37,4 |
|
133,2 |
|
|
| Beverages |
|
|
1 989,6 |
|
1 668,5 |
225,8 |
|
218,0 |
15,2 |
|
15,2 |
|
|
| Value Added Meat Products |
|
|
811,6 |
|
1 151,9 |
257,6 |
|
237,2 |
34,3 |
|
20,8 |
|
|
| HPCB |
|
|
1 499,9 |
|
1 489,9 |
407,8 |
|
353,1 |
47,2 |
|
8,8 |
|
|
| Other3 |
|
|
3 691,9 |
|
1 181,0 |
339,4 |
|
615,4 |
91,9 |
|
73,4 |
|
|
| Exports and International* |
|
|
5 468,8 |
|
5 162,6 |
713,7 |
|
705,1 |
209,1 |
|
206,0 |
|
|
| Exports |
|
|
2 899,4 |
|
2 752,8 |
191,4 |
|
178,6 |
83,8 |
|
50,6 |
|
|
| International operations – Central Africa* |
|
|
638,8 |
|
588,1 |
231,7 |
|
211,5 |
52,5 |
|
25,8 |
|
|
| International operations – Eastern Africa* |
|
|
824,5 |
|
891,5 |
74,1 |
|
106,6 |
29,8 |
|
33,6 |
|
|
| Deciduous Fruit |
|
|
1 106,1 |
|
930,1 |
216,5 |
|
208,4 |
43,0 |
|
96,0 |
|
|
| Nigeria |
|
|
1 680,9 |
|
3 667,3 |
948,0 |
|
951,4 |
152,2 |
|
140,5 |
|
|
| Total |
|
|
24 803,8 |
|
24 545,1 |
5 393,5 |
|
5 349,8 |
881,6 |
|
982,9 |
|
|
| |
|
| * |
Segmental reporting has been revised during the current year, with International operations being further segmented into Central and East Africa
operations. 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. |
| |
Total assets |
| Rm |
2015 |
|
2014 |
|
| Split of non-current assets |
|
|
|
|
| South Africa |
5 139,4 |
|
5 962,0 |
|
| Outside South Africa |
3 734,8 |
|
4 432,3 |
|
| Total |
8 874,2 |
|
10 394,3 |
|
|
|
| Rm |
2015 |
|
2014 |
|
| Reconciliation of total assets |
|
|
|
|
| Total assets per statements of financial position |
24 854,3 |
|
24 852,0 |
|
| Deferred taxation asset |
(50,5) |
|
(306,9) |
|
| |
24 803,8 |
|
24 545,1 |
|
