Segment financial position

as at 30 June 2019

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Group  Import and
Distribution 
2019 
Rm 		 2018 
Rm 		 2019 
Rm 		 2018 
Rm 
FINANCIAL POSITION 
Assets 
Goodwill and intangible assets  1 273  1 230  108  122 
Carrying amount of equity investment in associates and joint ventures (excluding loans to associates) 177  260  10  27 
Property, plant and equipment  7 023  6 786  579  682 
Investment properties  175  –  156  – 
Investments and other financial instruments  509  653  4  4 
Inventories  19 069  15 633  5 680  3 798 
Vehicles for hire  3 385  3 924  1 222  1 685 
Trade and other receivables(1) 4 778  5 253  2 123  2 649 
Operating assets  36 389  33 739  9 882  8 967 
– South Africa  26 034  24 857  9 882  8 967 
– International  10 355  8 882  –  – 
Liabilities 
Contract Liabilities(2) 2 818  2 724  –  – 
Provisions(2) 797  674  134  250 
Trade and other payables(1)(2) 15 470  13 481  5 683  5 516 
Other financial liabilities  53  54  10  10 
Operating liabilities  19 138  16 933  5 827  5 776 
– South Africa  12 934  11 803  5 827  5 776 
– International  6 204  5 130  –  – 
Net working capital  7 580  6 731  1 986  681 
– South Africa  5 943  5 263  1 986  681 
– International  1 637  1 468  –  – 
Net debt  6 618  5 900  2 281  1 099 
– South Africa  4 808  5 047  2 281  1 099 
– International  1 810  853  –  – 
Net capital expenditure  (910) (323) 170  (124)
– South Africa  (662) (909) 170  (124)
– International  (248) 586  –  – 
Non-current assets (excluding investments, deferred tax and other financial instruments) 8 649  8 276  853  831 
– South Africa(3) 6 164  5 991  853  831 
– International(3) 2 485  2 285  –  – 
Source of internationally based adjusted non-current assets  2 485  2 285  –  – 
– United Kingdom  1 445  1 254  –  – 
– Other regions (Australia and South East Asia) 1 040  1 031  –  – 

Retail
and Rental 		 Motor-Related
Financial Services 
2019 
Rm 		 2018 
Rm 		 2019 
Rm 		 2018 
Rm 
FINANCIAL POSITION 
Assets 
Goodwill and intangible assets  656  649  16  4 
Carrying amount of equity investment in associates and joint ventures (excluding loans to associates) 37  53  41  52 
Property, plant and equipment  5 831  5 590  113  109 
Investment properties  19  –  –  – 
Investments and other financial instruments  –  –  490  653 
Inventories  11 514  10 167  316  270 
Vehicles for hire  2 161  2 231  1 289  1 732 
Trade and other receivables(1) 3 089  3 131  339  453 
Operating assets  23 307  21 821  2 604  3 273 
– South Africa  13 199  13 142  2 604  3 273 
– International  10 108  8 679  –  – 
Liabilities 
Contract Liabilities(2) 121  89  2 697  2 635 
Provisions(2) 78  112  286  307 
Trade and other payables(1)(2) 10 449  9 323  541  662 
Other financial liabilities  11  43  –  – 
Operating liabilities  10 659  9 567  3 524  3 604 
– South Africa  4 536  4 477  3 524  3 604 
– International  6 123  5 090  –  – 
Net working capital  4 076  3 863  (172) (246)
– South Africa  2 507  2 461  (172) (246)
– International  1 569  1 402  –  – 
Net debt  5 404  4 648  (2 231) (1 426)
– South Africa  3 520  3 677  (2 231) (1 426)
– International  1 884  971  –  – 
Net capital expenditure  (969) (170) 281  8 
– South Africa  (724) (757) 281  8 
– International  (245) 587  –  – 
Non-current assets (excluding investments, deferred tax and other financial instruments) 6 543  6 292  170  165 
– South Africa(3) 4 156  4 104  170  165 
– International(3) 2 387  2 188  –  – 
Source of internationally based adjusted non-current assets  2 387  2 188  –  – 
– United Kingdom  1 445  1 254  –  – 
– Other regions (Australia and South East Asia) 942  934  –  – 

Aftermarket
Parts 		 Head Office and
Eliminations 
2019 
Rm 		 2018 
Rm 		 2019 
Rm 		 2018 
Rm 
FINANCIAL POSITION 
Assets 
Goodwill and intangible assets  468  455  25  – 
Carrying amount of equity investment in associates and joint ventures (excluding loans to associates) 82  122  7  6 
Property, plant and equipment  447  420  53  (15)
Investment properties  –  –  –  – 
Investments and other financial instruments  –  –  15  (4)
Inventories  1 594  1 446  (35) (48)
Vehicles for hire  –  –  (1 287) (1 724)
Trade and other receivables(1) 702  691  (1 475) (1 671)
Operating assets  3 293  3 134  (2 697) (3 456)
– South Africa  3 046  2 931  (2 697) (3 456)
– International  247  203  –  – 
Liabilities 
Contract Liabilities(2) –  –  –  – 
Provisions(2) 2  1  297  4 
Trade and other payables(1)(2) 1 119  1 126  (2 322) (3 146)
Other financial liabilities  30  1  2  – 
Operating liabilities  1 151  1 128  (2 023) (3 142)
– South Africa  1 070  1 089  (2 023) (3 143)
– International  81  39  –  1 
Net working capital  1 175  1 010  515  1 423 
– South Africa  1 107  943  515  1 424 
– International  68  67  –  (1)
Net debt  1 131  945  33  634 
– South Africa  1 204  1 086  34  611 
– International  (73) (141) (1) 23 
Net capital expenditure  (55) (15) (337) (22)
– South Africa  (52) (15) (337) (21)
– International  (3) –  –  (1)
Non-current assets (excluding investments, deferred tax and other financial instruments) 997  997  86  (9)
– South Africa(3) 899  900  86  (9)
– International(3) 98  97  –  – 
Source of internationally based adjusted non-current assets  98  97  –  – 
– United Kingdom  –  –  –  – 
– Other regions (Australia and South East Asia) 98  97  –  – 
(1) Includes amounts pertaining to derivative financial instruments.
(2) The prior years contract liabilities, trade and other payables and provisions have been re-presented for Retail and Rental, Motor-Related Financial Services and Head office and Eliminations. There is no impact on the Group’s total numbers and these have been re-allocated within liabilities.
(3) The prior years non-current assets allocation between South Africa and international has been re-presented in Group total and Retail and Rental. The goodwill adjustment amounting to R364 million was previously included in South Africa and is now allocated to international to align it with the related operations.