Financial Statements for the year ended 31 December 2008
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).