SEGMENTAL ANALYSIS
BUSINESS SEGMENT ANALYSIS
| Revenue | Operating Profit |
Total Assets |
Total Liabilities |
Capital Employed |
Capital Expenditure |
Depreciation | |
| Rmillion | |||||||
| 2008 | |||||||
| Starch operations | 2 150 | 240 # | 1 841 | 585 | 1 257 | 85 | 92 |
| Land and property developments | 412 | 263 # | 1 260 | 579 | 625 | 3 | 2 |
| Sugar operations | 4 544 | 606 | 6 432 | 676 | 5 721 | 1 487 | 150 |
| Zimbabwe dividends | 35 | ||||||
| Swaziland operations | 44 # | ||||||
| Mozambique operations | 250 # | ||||||
| SA agriculture, milling and refining | 73 # | ||||||
| Downstream value added activities | 204 # | ||||||
| Centrally accounted and consolidation items | 23 # | 24 | 2 896 | (30) | 1 | ||
| 7 106 | 1 132 | 9 557 | 4 736 | 7 573 | 1 576 | 244 | |
| Capital profit on land | 22 | ||||||
| Capital profit on insurance claim | 49 | ||||||
| BEE equity and corporate structuring transactions | (33) | 792 | |||||
| Exchange rate translation gain | 9 | ||||||
| Fair value adjustment on long-term receivable | (7) | ||||||
| Consolidated total | 7 106 | 1 172 | 9 557 | 5 528 | 7 573 | 1 576 | 244 |
| 2007 | |||||||
| Starch operations | 1 679 | 105 # | 1 658 | 317 | 1 340 | 76 | 91 |
| Land and property developments | 892 | 428 # | 1 671 | 699 | 948 | 8 | 1 |
| Sugar operations | 3 824 | 360 | 4 260 | 193 | 3 807 | 671 | 130 |
| Zimbabwe dividends | 53 | ||||||
| Swaziland operations | 35 # | ||||||
| Mozambique operations | 88 # | ||||||
| SA agriculture, milling and refining | 46 # | ||||||
| Downstream value added activities | 138 # | ||||||
| Centrally accounted and consolidation items | (55)# | 38 | 1 932 | (4) | |||
| 6 395 | 838 | 7 627 | 3 141 | 6 091 | 755 | 222 | |
| Capital profi t on land | 48 | ||||||
| BEE equity and corporate structuring transactions | (383) | 815 | |||||
| Exchange rate translation loss | (1) | ||||||
| Fair value adjustment of investment in Hulamin | 3 348 | ||||||
| Consolidated total | 6 395 | 3 850 | 7 627 | 3 956 | 6 091 | 755 | 222 |
# Total segmental income for the year amounted to R1 097 million (2007 - R785 million).
GEOGRAPHICAL ANALYSIS OF REVENUE
| Rmillion | 2008 | 2007 |
| South Africa | 6 129 | 5 736 |
| Rest of Africa | 350 | 213 |
| Asia and other | 343 | 263 |
| Europe | 226 | 140 |
| Australasia | 38 | 24 |
| North America | 20 | 19 |
| 7 106 | 6 395 |
The aggregate effect of intra-group transactions is immaterial.
Geographical location of segment assets: South Africa R6 064 million;
Other countries R3 493 million
(2007 - South Africa R5 651 million; Other countries R1 976 million).
Expenditure
on property, plant and equipment by geographical location of assets:
South Africa R462 million; Other countries R1 114 million (2007 - South
Africa R341 million; Other countries R414 million).
