SEGMENTAL ANALYSIS

BUSINESS SEGMENT ANALYSIS

  Revenue Operating Total Total Capital Capital Depreciation
Rmillion   Profit Assets Liabilities Employed Expenditure  
2012              
Starch operations 2 580 363 1 691 382 1 284 71 97
Agricultural Land Conversion and              
  Developments 366 215 1 631 446 1 214   1
Sugar     14 322 1 491 13 181 581 268
  Zimbabwe operations 2 266 621          
  Swaziland operations 163 51          
  Mozambique operations 1 437 402          
  SA agriculture, milling and refining 3 465 93          
  Downstream value added activities 1 804 261          
Total of the operating areas 12 081 2 006 17 644 2 319 15 679 652 366
Centrally accounted and consolidation items   (85) 138 5 249 87 22  
  12 081 1 921 17 782 7 568 15 766 674 366
Bulk sales/capital profit on land   3          
BEE IFRS 2 charge and transaction costs   (48)   737      
Other valuation adjustments   2          
Consolidated total 12 081 1 878 17 782 8 305 15 766 674 366
2011              
Starch operations 2 357 303 1 633 370 1 220 53 96
Agricultural Land Conversion and              
  Developments 207 166 1 217 363 891   1
Sugar     11 395 1 824 10 223 751 247
  Zimbabwe operations 1 646 454          
  Swaziland operations 126 17          
  Mozambique operations 715 135          
  SA agriculture, milling and refining 2 991 (7)          
  Downstream value added activities 1 639 241          
Total of the operating areas 9 681 1 309 14 245 2 557 12 334 804 344
Centrally accounted and consolidation items   29 246 4 168 217 2  
  9 681 1 338 14 491 6 725 12 551 806 344
Bulk sales/capital profit on land   23          
Capital profit on other items   4          
BEE IFRS 2 charge and transaction costs   (46)   761      
Defined benefit pension fund asset              
   recognition   288          
Other valuation adjustments   (1)          
Consolidated total 9 681 1 606 14 491 7 486 12 551 806 344

GEOGRAPHICAL ANALYSIS OF REVENUE

Rmillion 2012 2011
South Africa, Mozambique and Zimbabwe 9 676 7 782
Europe 1 568 725
Rest of Africa 528 860
Australasia 177 130
Asia and other 72 63
North America 60 69
South America   52
  12 081 9681

The aggregate effect of intra-group transactions is immaterial.
Geographical location of segment assets: South Africa R6 068 million; Other countries R11 714 million (2011 - South Africa R5 265 million; Other countries R9 226 million). Expenditure on property, plant and equipment by geographical location of assets:
South Africa R227 million; Other countries R447 million (2011 - South Africa R192 million; Other countries R614 million).