Annexure D

INFORMATION ON BUSINESS AND GEOGRAPHICAL SEGMENTS FOR THE YEAR
ENDED 31 MARCH 2009

             
          Corporate   Consoli- 
          finance   dated  
  Tobacco   Financial   Industrial   Mining   and other   2009  
R million interests   services   interests   interests   interests   Total  
BUSINESS SEGMENT ANALYSIS            
Sales –   –   11 455   –   –   11 455  
Results            
   Subsidiary companies 100   (2)  320   336   29   783  
   Associated companies            
     and joint ventures 2 501   1 682   967   (227)  (117)  4 806  
            5 589  
Finance costs           (49) 
Profit on sale and            
   distribution of investments           40 829  
Profit before tax           46 369  
Taxation           (945) 
Net profit           45 424  
Attributable to:            
Equity holders           45 330  
Minority interests           94  
            45 424  
             
Headline earnings 2 295   1 576   1 318   164   (693)  4 660  
OTHER INFORMATION            
Segment assets –   327   7 153   4 223   6 459   18 162  
Investments in            
   associated companies –   11 754   11 636   44   361   23 795  
Investments in            
   joint ventures –   –   28   –   56   84  
            42 041  
Taxation – Deferred           10  
  – Current           65  
Consolidated total assets           42 116  
Segment liabilities –   –   2 403   –   101   2 504  
Taxation – Deferred –   17   401   387   20   825  
Consolidated total liabilities –   17   2 804   387   121   3 329  
Additions to property, plant            
   and equipment and intangible assets –   –   456   –   7   463  
Depreciation and amortisation –   –   278   –   4   282  
Net impairment –   –   4   –   –   4  

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 also have interests in other sectors. During the year under review, the investment in BAT has been unbundled to shareholders. Accordingly the tobacco interest segment has been disbanded.

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 according to 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 2009   2009   2009   2009  
South Africa 463   11 455   2 376   36 897  
Abroad –   –   2 284   5 144  
  463   11 455   4 660   42 041  
Total assets include assets and investments in associated companies and joint ventures, but exclude deferred tax assets and taxation paid in advance.
          Corporate   Consoli-  
          finance   dated  
  Tobacco   Financial   Nywerheids   Mining   and other   2008  
R million interests   services   interests   interests   interests   Total  
BUSINESS SEGMENT ANALYSIS            
Sales  –   –   9 447   –   –   9 447  
Results            
   Subsidiary companies 167   2   1 170   267   15   1 621  
   Associated companies and
   joint ventures 3 525   2 226   1 458   (6)  7   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 2   –   24   –   38   64  
            61 743  
Taxation – Deferred           4  
  – Current           80  
Consolidated total assets            61 827  
Segment liabilities 2   –   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   –   7   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 also have 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 according to 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   Totale  
  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.