SEGMENTAL ANALYSIS

BUSINESS SEGMENT ANALYSIS

  Revenue Operating Total Total Capital Capital Depreciation
Rmillion   Profit Assets Liabilities Employed Expenditure  
12 months to 31 March 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          
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 equity and corporate restructuring transactions   (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
15 months to 31 March 2010              
Starch operations 2 778 301 1 864 562 1 302 47 120
Agricultural Land Conversion and Developments 274 187 1 189 398 806 1 2
Sugar     10 468 947 9 347 1 938 399
  Zimbabwe operations 1 636 576          
  Swaziland operations 134 63          
  Mozambique operations 463 192          
  SA agriculture, milling and refining 4 285 158          
  Downstream value added activities 1 566 226          
Centrally accounted and consolidation items   (12) (153) 3 954 (227) 1  
  11 136 1 691 13 368 5 861 11 228 1 987 521
Bulk sales/capital profit on land   52          
Capital profit on other items   13          
BEE equity and corporate restructuring transactions   (35)   787      
Zimbabwe consolidation take-on gain   1 969          
Other valuation adjustments   (3)          
Consolidated total 11 136 3 687 13 368 6 648 11 228 1 987 521

GEOGRAPHICAL ANALYSIS OF REVENUE

  12 months to 15 months to
  31 March 31 March
Rmillion 2011 2010
South Africa, Mozambique and Zimbabwe 7 782 8 395
Rest of Africa 860 1 195
Europe 725 652
Australasia 130 76
North America 69 31
Asia and other 63 342
South America 52 445
  9 681 11 136

The aggregate effect of intra-group transactions is immaterial. Geographical location of segment assets: South Africa R5 265 million; Other countries R9 226 million (2010: South Africa R5 052 million; Other countries R8 316 million).

Expenditure on property plant and equipment by geographical location of assets: South Africa R192 million; Other countries R614 million (2010: South Africa R512 million; Other countries R1 475 million).

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