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

Summarised segmental analysisat 30 September 2018

R million
Audited
2018
%
of total
Audited
2017
%
of total
%
change

Revenue1

Electrical Engineering 5 139 48 5 247 51 (2)
ICT 3 443 32 3 307 32 4
Applied Electronics 2 198 20 1 720 17 28
Other 15 14 7

Total segment revenue

10 795 100 10 288 100 5
Revenue from equity accounted joint venture in Electrical Engineering segment (271) (489)
Revenue from equity accounted associate in ICT segment (29) (26)
Revenue from equity accounted joint venture in Other segment (3)

Revenue as reported

10 492 9 773 7

Operating profit

Electrical Engineering 440 29 696 45 (37)
ICT2 792 51 635 41 25
Applied Electronics 380 25 276 18 38
Other (73) (5) (59) (4) (24)

Total segment operating profit

1 539 100 1 548 100 (1)
Operating loss/(profit) from equity accounted joint venture in Electrical Engineering segment 9 (48)
Operating profit from equity accounted associate in ICT segment (3) (3)
Operating profit from equity accounted joint venture in Other segment (3)

Operating profit as reported

1 542 1 497 3
1 Inter-segment revenue is immaterial and has not been separately disclosed.
2 Net interest charged on group funding provided to the group’s in-house finance operation has been eliminated in line with the consolidation principles of IFRS. This elimination amounted to R146 million (2017: R125 million).
Should this operation be externally funded, this would result in a reduction of ICT’s operating profit by the quantum of the external interest paid.


R million
Audited
2018
%
of total
Audited
2017
%
of total

Total assets

Electrical Engineering 2 978 28 3 115 31
ICT 4 662 45 3 952 39
Applied Electronics 2 443 23 1 854 18
Other3 370 4 1 168 12

Total assets

10 453 100 10 089 100

Total liabilities

Electrical Engineering 1 105 38 1 153 41
ICT 845 29 740 26
Applied Electronics 807 27 744 26
Other 170 6 209 7

Total liabilities as reported

2 927 100 2 846 100
3 This mainly comprises properties and in the prior year mainly comprised properties and group treasury cash balances.