SEGMENTAL ANALYSIS
BUSINESS SEGMENT ANALYSIS
| Rmillion | Revenue | Operating Profit | Total Assets | Total Liabilities | Capital Employed | Capital Expenditure | Depreciation |
| 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 |
| 2013 | |||||||
| Sugar | 17 650 | 1 744 | 16 185 | 907 | 377 | ||
| Zimbabwe | 3 222 | 625 | |||||
| Swaziland | 207 | 76 | |||||
| Mozambique | 1 688 | 421 | |||||
| South Africa | 5 739 | 308 | |||||
| Sugar operations - total | 10 856 | 1 430 | 17 650 | 1 744 | 16 185 | 907 | 377 |
| Starch operations | 2 859 | 388 | 1 674 | 443 | 1 231 | 59 | 93 |
| Land Conversion and Developments | 658 | 366 | 1 762 | 670 | 1 073 | 1 | |
| Centrally accounted and consolidation items | (9) | 215 | 6 012 | 149 | 51 | 1 | |
| BEE IFRS 2 charge and transaction costs | (44) | 722 | |||||
| Consolidated total | 14 373 | 2 131 | 21 301 | 9 591 | 18 638 | 1 017 | 472 |
GEOGRAPHICAL ANALYSIS OF REVENUE
| Rmillion | 2014 | 2013 |
| South Africa, Mozambique and Zimbabwe | 12 551 | 11 069 |
| Europe | 2 206 | 2 195 |
| Rest of Africa | 725 | 767 |
| Australasia | 134 | 209 |
| Asia and other | 98 | 83 |
| North America | 1 | 50 |
| South America | 1 | |
| 15 716 | 14 373 |
The aggregate effect of intra-group transactions is immaterial.
Geographical location of non-current assets: South Africa R4 827 million; Other countries R12 368 million
(2013: South Africa R4 416 million; Other countries R11 301 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.
| Zimbabwe | 2014 US Dollar million |
2013 US Dollar million |
| Revenue | 286 | 380 |
| Sugar sales | 260 | 360 |
| Other activities | 26 | 20 |
| Sugar stock movement | 35 | 10 |
| Revenue adjusted for stock movements | 321 | 390 |
| Less Costs | ||
| Payments for third party cane | 76 | 92 |
| Goods/services/transport/marketing, salaries/wages | 146 | 186 |
| Root replant costs | 3 | 12 |
| Offcrop costs carried in | 20 | 16 |
| Depreciation/amortisation | 19 | 19 |
| Profit before cane valuations | 57 | 65 |
| Cane valuations - income statement effect | (24) | 9 |
| Operating profit | 33 | 74 |
| Raw sugar production (tons) | 488 000 | 475 000 |
| Sugar sales (tons) | 426 000 | 456 000 |
| Mozambique | 2014 Metical million |
2013 Metical million |
| Revenue | 5 035 | 5 644 |
| Sugar sales | 4 857 | 5 452 |
| Other activities | 178 | 192 |
| Less Costs | ||
| Payments for third party cane | 318 | 350 |
| Goods/services/transport/marketing, salaries/wages | 2 785 | 3 052 |
| Root replant costs | 167 | 339 |
| Offcrop costs carried in | 466 | 421 |
| Depreciation/amortisation | 495 | 442 |
| Profit before cane valuations | 804 | 1 040 |
| Cane valuations - income statement effect | (308) | 368 |
| Operating profit | 496 | 1 408 |
| Raw sugar production/sales (tons) | 249 000 | 235 000 |
| South Africa Sugar | 2014 Rand million |
2013 Rand million |
| Revenue * | 5 265 | 4 467 |
| Sugar sales | 4 206 | 3 554 |
| Other activities | 1 059 | 913 |
| Less Costs | ||
| Payments for third party cane/SASA levies | 2 194 | 1 809 |
| Goods/services/transport/marketing, salaries/wages | 2 558 | 2 325 |
| Root replant costs | 44 | 74 |
| Offcrop costs carried in | 182 | 131 |
| Depreciation/amortisation | 125 | 85 |
| Profit before cane valuations | 162 | 43 |
| Cane valuations - income statement effect | 178 | 265 |
| Operating profit | 340 | 308 |
| Raw sugar production (tons) | 634 000 | 486 000 |
| * Revenue net of industry redistribution/sugar purchases | ||
