Annexure D

INFORMATION ON BUSINESS AND GEOGRAPHICAL SEGMENTS FOR THE YEAR
ENDED 31 MARCH 2008

             
          Corporate     
          finance  CONSOLIDATED  
  Tobacco  Financial  Industrial  Mining  and other  2008  
R million interests  services  interests  interests  interests  Total  
BUSINESS SEGMENT ANALYSIS            
Sales –  –  9 447  –  –  9 447  
Results            
   Subsidiary companies 167  1 170  267  15  1 621  
   Associated companies and joint ventures 3 525  2 226  1 458  (6) 7 210  
            8 831  
Finance costs           (43) 
Profit on sale of investments and negative goodwill           1 684  
Profit before tax           10 472  
Taxation           (419) 
Net profit           10 053  
Attributable to:            
Equity holders           9 893  
Minority interests           160  
            10 053  
Headline earnings 3 579  2 120  1 895  264  133  7 991  
OTHER INFORMATION            
Segment assets 2 660  –  6 481  8 353  1 010  18 504  
Investments in associated companies 19 229  10 579  12 758  283  326  43 175  
Investments in joint ventures –  24  –  38  64  
            61 743  
Taxation – Deferred           4  
             – Current           80  
Consolidated total assets           61 827  
Segment liabilities –  2 368  –  115  2 485  
Taxation – Deferred           1 454  
             – Current           13  
Consolidated total liabilities           3 952  
Additions to property, plant and equipment            
   and intangible assets –  –  454  –  10  464  
Depreciation and amortisation –  –  256  –  263  
Net recovering of impairment –  (4) (15) –  –  (19) 
         
The interests of the Group have been classified into five main operating divisions/business segments – tobacco interests, financial services, industrial interests, mining interests and corporate finance/other interests. Each segment represents the main business sector of the investments classified thereunder. No adjustment has been made where companies are mainly active in one sector but have also interests in other sectors.

Income and expenses, as well as the attributable portion of the income from associated companies and joint ventures, are directly attributable to the segment.

Segment assets mainly include cash and cash equivalents, debtors and short-term loans, inventories, property, plant and equipment, intangible assets and other investments. Investments in associated companies and joint ventures, accounted for on the equity method, are stated separately.

Segment liabilities include all operating liabilities, except for taxation.

         
GEOGRAPHICAL SEGMENTAL ANALYSIS          
The Group’s interests can be divided into two main          
geographical areas, namely South Africa and abroad.   Capital     Headline   Total  
  expenditure   Sales   earnings   assets  
R million   2008   2008   2008   2008  
South Africa   464   9 447   4 293   39 852  
Abroad   –   –   3 698   21 891  
  464   9 447   7 991   61 743  
Total assets include assets and investments in associated companies and joint ventures, but exclude deferred tax assets and taxation paid in advance.  

 

          Corporate      
          finance   CONSOLIDATED  
  Tobacco   Financial   Industrial   Mining   and other   2007  
R million   interests   services   interests   interests   interests   Total  
BUSINESS SEGMENT ANALYSIS              
Sales   –   –   7 872   –   –   7 872  
Results              
   Subsidiary companies   218   1   967   147   171   1 504  
   Associated companies   2 774   1 716   1 499   14   –   6 003  
            7 507  
Finance costs             (28) 
Profit on sale of investments and negative goodwill             51  
Profit before tax             7 530  
Taxation             (403) 
Net profit             7 127  
Attributable to:              
Equity holders             6 942  
Minority interests             185  
            7 127  
Headline earnings   2 964   1 568   1 924   155   281   6 892  
OTHER INFORMATION              
Segment assets   3 139   –   5 840   6 085   1 616   16 680  
Investments in associated companies   17 047   8 593   6 782   316   295   33 033  
Investments in joint ventures   –   –   8   –   –   8  
            49 721  
Taxation – Deferred             124  
             – Current             14  
Consolidated total assets             49 859  
Segment liabilities   3   –   1 980   –   140   2 123  
Taxation – Deferred             1 205  
             – Current             104  
Consolidated total liabilities             3 432  
Additions to property, plant and equipment              
   and intangible assets   –   –   474   –   65   539  
Depreciation and amortisation   –   –   229   –   8   237  
         

The interests of the Group have been classified into five main operating divisions/business segments – tobacco interests, financial services, industrial interests, mining interests and corporate finance/other interests. Each segment represents the main business sector of the investments classified thereunder. No adjustment has been made where companies are mainly active in one sector but have also interests in other sectors.

Income and expenses, as well as the attributable portion of the income from associated companies, are directly attributable to the segment.

Segment assets mainly include cash and cash equivalents, debtors and short-term loans, inventories, property, plant and equipment, intangible assets and other investments. Investments in associated companies, accounted for on the equity method, are stated separately.

Segment liabilities include all operating liabilities, except for taxation.

         
GEOGRAPHICAL SEGMENTAL ANALYSIS          
The Group’s interests can be divided into two main          
geographical areas, namely South Africa and abroad.   Capital     Headline   Total  
  expenditure   Sales   earnings   assets  
R million   2007   2007   2007   2007  
South Africa   539   7 872   3 834   29 535  
Abroad   –   –   3 058   20 186  
  539   7 872   6 892   49 721  
Total assets include assets and investments in associated companies, but exclude deferred tax assets and taxation paid in advance.