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

CONDENSED SEGMENTAL ANALYSIS FOR THE SIX MONTHS ENDED 31 MARCH 2020

  Six months ended 31 March      
R million
2020 
(Unaudited)
%
of total
2019 
(Unaudited)
%
of total
% change  Year  ended 
30  September  2019 
(Audited) 
%
of total
Revenue1
Electrical Engineering (EE) 1 738 41 2 775 51 (37) 5 457 50
Information, Communication and Technology (ICT)  1 494 35 1 722 31 (13) 3 236 29
Applied Electronics (AE) 1 038 24 999 18 4 2 346 21
Other (15) -   (21) - 16 -
Total segment revenue
4 255 100 5 475 100 (22) 11 055 100
Equity-accounted joint venture in EE segment (92) (170) (307)
Equity-accounted associate in ICT segment (16) (14) (29)
Equity-accounted joint venture in Other segment (3) (3) (5)
Revenue as reported
4 144 5 288 (22) 10 714
Operating profit
EE (42) (12) 225 36 (119) 323 24
ICT2 371 104 351 56 6 748 55
AE 77 22 85 14 (9) 358 26
Other (50) (14) (38) (6) (32) (71) (5)
Total segment operating profit
356 100 623 100 (43) 1 358 100
Operating loss/(profit) from equity-accounted joint venture in EE segment 21  (4) 11
Operating profit from equity-accounted associate in ICT segment (1) (2) (4)
Operating profit from equity-accounted joint venture in Other segment (2) (2)  (4)
Operating profit as reported
374 615 (39) 1 361
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 IFRS 10 Consolidated Financial Statements. The interest eliminated amounted to R84 million (March 2019: R82 million)
(September 2019: R170 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.

 

  As at 31 March      
R million
2020 
(Unaudited)
%
of total
2019 
(Unaudited)
%
of total
   Year ended 
30 September  2019 
(Audited)
%
of total
Total assets
EE 2 560 25 3 340 32  2 820  27
ICT  4 680 46 4 592 45 4 678  45
AE 2 590 26 2 054  20  2 322  23
Other 300 3  351  3  484  5
Total assets as reported1
 10 130 100  10 337  100  10 304  100
Total liabilities
EE 1 149 31 1 292 41 1 131 39
ICT  1 224 33 767 24 748 26
AE 1 072 29 840 27 789 28
Other 263 7 238 8 205  7
Total liabilities as reported1
3 708 100 3 137 100 2 873 100
1 Inter-company receivables, payables and loans have been eliminated in line with the consolidation principles of IFRS.