SEGMENTAL ANALYSIS
BUSINESS SEGMENT ANALYSIS
| Rmillion | Revenue | Operating Profit |
Total Assets |
Total Liabilities |
Capital Employed |
Capital Expenditure |
Depreciation |
| 2015 | |||||||
| Sugar | 21 879 | 1 900 | 20 245 | 557 | 473 | ||
| Zimbabwe | 3 471 | 386 | |||||
| Swaziland | 203 | 29 | |||||
| Mozambique | 1 804 | 130 | |||||
| South Africa | 6 143 | 261 | |||||
| Sugar operations - total | 11 621 | 806 | 21 879 | 1 900 | 20 245 | 557 | 473 |
| Starch operations | 3 447 | 561 | 1 789 | 599 | 1 151 | 91 | 89 |
| Land Conversion and Developments | 1 087 | 829 | 2 593 | 823 | 1 727 | 1 | 1 |
| Centrally accounted and consolidation items | (86) | 282 | 6 254 | 201 | 83 | 1 | |
| BEE IFRS 2 charge and transaction costs | (21) | 654 | |||||
| Consolidated total | 16 155 | 2 089 | 26 543 | 10 230 | 23 324 | 732 | 564 |
| 2014 | |||||||
| Sugar | 19 601 | 1 653 | 18 287 | 425 | 477 | ||
| Zimbabwe | 2 896 | 330 | |||||
| Swaziland | 211 | 70 | |||||
| Mozambique | 1 704 | 168 | |||||
| South Africa | 6 224 | 340 | |||||
| Sugar operations - total | 11 035 | 908 | 19 601 | 1 653 | 18 287 | 425 | 477 |
| Starch operations | 3 210 | 482 | 1 881 | 606 | 1 270 | 53 | 92 |
| Land Conversion and Developments | 1 471 | 1 080 | 2 299 | 763 | 1 425 | 1 | 1 |
| Centrally accounted and consolidation items | (76) | 195 | 5 803 | 113 | 49 | 1 | |
| BEE IFRS 2 charge and transaction costs | (21) | 691 | |||||
| Share of associate company's profit | 1 | ||||||
| Consolidated total | 15 716 | 2 374 | 23 976 | 9 516 | 21 095 | 528 | 571 |
GEOGRAPHICAL ANALYSIS OF REVENUE |
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| Rmillion | 2015 | 2014 | |||||
| South Africa, Mozambique and Zimbabwe | 12 947 | 12 551 | |||||
| Europe | 1 592 | 2 206 | |||||
| Rest of Africa | 1 047 | 725 | |||||
| Australasia | 275 | 134 | |||||
| Asia and other | 264 | 98 | |||||
| North America | 30 | 1 | |||||
| South America | 1 | ||||||
| 16 155 | 15 716 | ||||||
| The aggregate effect of intra-group transactions is immaterial. Geographical location of non-current assets: South Africa R13 546 million; Other countries R4 971 million (2014: South Africa R4 827 million; Other countries R12 368 million). Detailed below is a revenue and cost analysis of the Zimbabwe, Mozambique and South Africa sugar operations which is provided in the respective currency of each country. |
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| Zimbabwe | 2015 US Dollar million |
2014 US Dollar million |
2013 US Dollar million |
||||
| Revenue | 314 | 286 | 380 | ||||
| Sugar sales | 292 | 260 | 360 | ||||
| Other activities | 22 | 26 | 20 | ||||
| Sugar stock movement | (28) | 35 | 10 | ||||
| Revenue adjusted for stock movements | 286 | 321 | 390 | ||||
| Less Costs | |||||||
| Payments for third party cane | 70 | 76 | 92 | ||||
| Goods/services/transport/marketing, salaries/wages | 135 | 146 | 186 | ||||
| Root replant costs | 21 | 3 | 12 | ||||
| Offcrop costs carried in | 14 | 20 | 16 | ||||
| Depreciation/amortisation | 17 | 19 | 19 | ||||
| Profit before cane valuations | 29 | 57 | 65 | ||||
| Cane valuations - income statement effect | 6 | (24) | 9 | ||||
| Operating profit | 35 | 33 | 74 | ||||
| Raw sugar production (tons) | 445 000 | 488 000 | 475 000 | ||||
| Sugar sales (tons) | 491 000 | 426 000 | 456 000 | ||||
| Mozambique |
2015 Metical million |
2014 Metical million |
2013 Metical million |
||||
| Revenue | 5 171 | 5 035 | 5 644 | ||||
| Sugar sales | 4 943 | 4 857 | 5 452 | ||||
| Other activities | 228 | 178 | 192 | ||||
| Less Costs | |||||||
| Payments for third party cane | 402 | 318 | 350 | ||||
| Goods/services/transport/marketing, salaries/wages | 2 887 | 2 785 | 3 052 | ||||
| Root replant costs | 313 | 167 | 339 | ||||
| Offcrop costs carried in | 429 | 466 | 421 | ||||
| Depreciation/amortisation | 522 | 495 | 442 | ||||
| Profit before cane valuations | 618 | 804 | 1 040 | ||||
| Cane valuations - income statement effect | (245) | (308) | 368 | ||||
| Operating profit | 373 | 496 | 1 408 | ||||
| Raw sugar production/sales (tons) | 271 000 | 249 000 | 235 000 | ||||
|
2015 Rand million |
2014 Rand million |
2013 Rand million |
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| South Africa Sugar | |||||||
| Revenue * | 5 229 | 5 265 | 4 467 | ||||
| Sugar sales | 4 138 | 4 206 | 3 554 | ||||
| Other activities | 1 091 | 1 059 | 913 | ||||
| Less Costs | |||||||
| Payments for third party cane/SASA levies | 2 102 | 2 194 | 1 809 | ||||
| Goods/services/transport/marketing, salaries/wages | 2 658 | 2 558 | 2 325 | ||||
| Root replant costs | 94 | 44 | 74 | ||||
| Offcrop costs carried in | 139 | 182 | 131 | ||||
| Depreciation/amortisation | 101 | 125 | 85 | ||||
| Profit before cane valuations | 135 | 162 | 43 | ||||
| Cane valuations - income statement effect | 126 | 178 | 265 | ||||
| Operating profit | 261 | 340 | 308 | ||||
| Raw sugar production (tons) | 541 000 | 634 000 | 486 000 | ||||
| * Revenue net of industry redistribution/sugar purchases | |||||||
