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

Condensed summarised segmental analysis As at 31 March 2019

Six months ended 31 March
R million
2019 (Unaudited) % of total 2018 (Unaudited) % of total % change Year ended 30 September 2018 (Audited) % of total
Revenue1
Electrical Engineering 2 775 51 2 431 49 14 5 139 48
ICT 1 722 31 1 670 34 3 3 443 32
Applied Electronics 999 18 863 17 16 2 198 20
Other (21) 5 15
Total segment revenue
5 475 100 4 969 100 10 10 795 100
Revenue from equity accounted joint venture
in Electrical Engineering segment
(170) (114) (271)
Revenue from equity accounted associate in ICT segment (14) (14) (29)
Revenue from equity accounted joint venture
in Other segment
(3) (3)
Revenue as reported
5 288 4 841 9 10 492
Operating profit
Electrical Engineering 225 36 219 39 3 440 29
ICT2 351 56 317 57 11 792 51
Applied Electronics 85 14 61 11 39 380 25
Other (38) (6) (38) (7) (73) (5)
Total segment
operating profit
623 100 559 100 11 1 539 100
Operating (profit)/loss from equity accounted joint venture in Electrical Engineering segment (4) 9 9
Operating profit from equity accounted associate in ICT segment (2) (1) (3)
Operating profit from equity accounted joint venture in Other segment (2) (3)
Operating profit
as reported
615 567 8 1 542
1 Inter-segment revenue is immaterial and has not been separately disclosed.
2 The 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 interest amounted to R82 million (March 2018: R70 million) (September 2018: R146 million). Should this operation be externally funded, this would result in a reduction of ICT’s operating profit by the quantum of the interest paid.

Six months ended 31 March
R million
2019 (Unaudited) % of total 2018 (Unaudited) % of total Year ended 30 September 2018 (Audited) % of total
Total assets
Electrical Engineering 3 340 32 2 869 29 2 978 28
ICT 4 592 45 4 490 45 4 662 45
Applied Electronics 2 054 20 1 970 20 2 443 23
Other1 351 3 653 6 370 4
Total assets as reported2
10 337 100 9 982 100 10 453 100
Total liabilities
Electrical Engineering 1 292 41 913 30 1 105 38
ICT 767 24 1 034 35 845 29
Applied Electronics 840 27 736 25 807 27
Other 238 8 306 10 170 6
Total liabilities as reported2
3 137 100 2 989 100 2 927 100
1 In March 2019 and September 2018 this comprises mainly of properties. In March 2018 it comprised of both group treasury cash balances and properties.
2 Intercompany receivables, payables and loans have been eliminated in line with the consolidation principles of IFRS.