Annual Financial Statements


Financial Statements for the year ended 31 December 2007


Segmental Analysis

Business Segment Analysis

  Revenue Operating Total Total Capital Capital Depreciation
Rmillion   Profit Assets Liabilities Employed Expenditure  
               
2007              
Tongaat Hulett Starch 1 679 105 # 1 658 317 1 340 76 91
Tongaat Hulett Developments 892 428 # 1 671 699 948 8 1
Tongaat Hulett Sugar 3 824 307 # 4 260 193 3 807 671 130
Triangle dividend   53              
Centrally accounted costs   (55)# 38 1 932 (4)    
Profit from Tongaat Hulett operations 6 395 838     7 627 3 141 6 091 755 222
               
Capital profit 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
               
2006 (Restated)              
               
Tongaat Hulett Starch 1 316 96 # 1 530 250 1 280 101 89
Tongaat Hulett Developments 598 325 # 1 199 368 838 2 1
Tongaat Hulett Sugar 3 196 295 # 2 733 379 2 376 262 96
Triangle dividend   61              
Centrally accounted costs   (51)# 513 1 314 506    
Profit from Tongaat Hulett operations 5 110 726     5 975 2 311 5 000 365 186
               
Capital profit on land   26              
Exchange rate translation gain   57              
Continuing operations 5 110 809     5 975 2 311 5 000 365 186
               
Discontinued operation              
Hulamin unbundling 2 738 211 # 3 081 613 2 608 117 86
Consolidated total 7 848 1 020     9 056 2 924 7 608 482 272
 
# Total segmental income for the year amounted to R785 million (2006 - R876 million).


Geographical Analysis of revenue

 
     
Rmillion 2007 2006
    Restated
     
South Africa 5 736 4 121
Asia and other 263 290
Rest of Africa 213 606
Europe 140 13
Australasia 24 53
North America 19 27
  6 395 5 110

The aggregate effect of intra-group transactions is immaterial.
Geographical location of segment assets: South Africa R5 651 million; Other countries R1 976 million
(2006 - South Africa R7 771 million; Other countries R1 285 million).
Expenditure on property plant and equipment by geographical location of assets:
South Africa R341 million; Other countries R414 million (2006 - South Africa R436 million; Other countries R46 million).