Unaudited Interim Financial Report and Cash Dividend Declaration for the 6 months ended 31 March 2016

Summarised segmental analysisat 31 March 2017

 
Six months ended 31 March
Year ended
30 September
R million
2017
(Unaudited)
%
of total
2016
(Unaudited)
%
of total
%
change
2016
(Audited)
%
of total
Revenue*              
Electrical Engineering 2 381 51 1 824 43 31 4 106 46
ICT 1 602 34 1 689 40 (5) 3 332 37
Applied Electronics 693 15 696 17 1 505 17
Other 8 11 (27) 21
Total segment revenue 4 684 100 4 220 100 11 8 964 100
Revenue from equity-accounted joint venture – Electrical Engineering (251)   (198)     (453)  
Revenue from equity-accounted associate – ICT (12)        
Revenue as reported 4 421   4 022   10 8 511  
Operating profit#              
Electrical Engineering 309 48 272 47 14 610 45
ICT 263 41 250 44 5 549 41
Applied Electronics 54 9 122 21 (56) 305 23
Other 14 2 (68) (12) 121 (111) (9)
Total segment operating profit 640 100 576 100 11 1 353 100
Operating profit from equity-accounted joint ventures – Electrical Engineering (23)   (12)     (38)  
Operating profit from equity- accounted associate – ICT (1)        
Operating profit as reported 616   564   9 1 315  
* Inter-segment revenue is immaterial and has been eliminated from segment revenue.
# Head office recoveries have not been eliminated from operating profit as the chief operating decision-maker judges the performance of the segment net of these fees. The increase in head office recoveries from the prior year is due primarily to a group re-organisation.
Net interest charged on group funding provided to Quince has been eliminated in line with the consolidation principles of IFRS. This elimination amounted to R56 million (2016: R41 million) (September 2016: R95 million).
 
Six months ended 31 March
 
Year ended
30 September
R million 2017
(Unaudited)
%
of total
2016
(Unaudited)
%
of total
  2016
(Audited)
%
of total
Total assets              
Electrical Engineering 2 758 28 2 091 22   2 699 27
ICT 3 777 39 4 058 43   4 084 41
Applied Electronics 1 853 19 1 330 14   1 477 15
Other 1 421 14 1 972 21   1 649 17
Total assets as reported 9 809 100 9 451 100   9 909 100
Other consists mainly of group treasury cash balances.