Segment financial position
as at 31 December 2019
Download (EXCEL) |
Group | Import and Distribution |
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2019 Rm |
2018 Rm |
2019 Rm |
2018 Rm |
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FINANCIAL POSITION | |||||||||
Assets | |||||||||
Goodwill and intangible assets | 1 370 | 1 272 | 108 | 109 | |||||
Carrying value of associates and joint ventures (excluding loans to associates)4 | 167 | 196 | 15 | 20 | |||||
Property, plant and equipment | 7 327 | 7 034 | 548 | 745 | |||||
Right-of-use assets | 1 896 | – | 125 | – | |||||
Investment properties | 171 | – | 152 | – | |||||
Investments and other financial instruments | 460 | 607 | 4 | 4 | |||||
Finance lease receivables | 110 | – | 110 | – | |||||
Inventories | 19 190 | 17 024 | 5 077 | 3 996 | |||||
Vehicles for hire | 4 763 | 4 067 | 1 693 | 1 706 | |||||
Trade and other receivables1 | 4 533 | 4 841 | 2 248 | 1 932 | |||||
Operating assets3, 4 | 39 987 | 35 041 | 10 080 | 8 512 | |||||
– South Africa | 28 202 | 25 358 | 10 080 | 8 512 | |||||
– International | 11 785 | 9 683 | – | – | |||||
Liabilities | |||||||||
Contract liabilities2 | 2 876 | 2 752 | – | – | |||||
Provisions | 743 | 735 | 141 | 104 | |||||
Trade and other payables1 | 14 527 | 12 715 | 5 384 | 4 382 | |||||
Other financial liabilities | 41 | 22 | – | 10 | |||||
Operating liabilities | 18 187 | 16 224 | 5 525 | 4 496 | |||||
– South Africa | 12 433 | 10 847 | 5 525 | 4 496 | |||||
– International | 5 754 | 5 377 | – | – | |||||
Net working capital | 8 453 | 8 415 | 1 800 | 1 442 | |||||
– South Africa | 6 271 | 6 599 | 1 800 | 1 442 | |||||
– International | 2 182 | 1 816 | – | – | |||||
Net debt (2019 includes the impact of IFRS 16) | 11 151 | 7 690 | 2 746 | 1 527 | |||||
– South Africa | 7 286 | 5 757 | 2 746 | 1 527 | |||||
– International | 3 865 | 1 933 | – | – | |||||
Net capital expenditure | (2 092) | (842) | (697) | (174) | |||||
– South Africa | (2 015) | (756) | (697) | (174) | |||||
– International | (77) | (86) | – | – | |||||
Non–current assets (including equity investment in associates, excluding investments, deferred tax and other financial instruments) | 10 931 | 8 502 | 948 | 874 | |||||
– South Africa | 7 129 | 6 012 | 948 | 874 | |||||
– International | 3 802 | 2 490 | – | – | |||||
Source of internationally based non–current assets | 3 802 | 2 490 | – | – | |||||
– | United Kingdom | 2 397 | 1 399 | – | – | ||||
– | Other regions (Australia and South East Asia) | 1 405 | 1 091 | – | – |
Retail and Rental4 |
Motor-Related Financial Services |
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2019 Rm |
2018 Rm |
2019 Rm |
2018 Rm |
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FINANCIAL POSITION | |||||||||
Assets | |||||||||
Goodwill and intangible assets | 751 | 677 | 22 | 11 | |||||
Carrying value of associates and joint ventures (excluding loans to associates)4 | 24 | 25 | 37 | 53 | |||||
Property, plant and equipment | 6 116 | 5 720 | 113 | 110 | |||||
Right-of-use assets | 1 549 | – | 12 | – | |||||
Investment properties | 19 | – | – | – | |||||
Investments and other financial instruments | – | – | 450 | 567 | |||||
Finance lease receivables | – | – | – | – | |||||
Inventories | 12 131 | 11 170 | 305 | 306 | |||||
Vehicles for hire | 3 033 | 2 302 | 1 817 | 1 797 | |||||
Trade and other receivables1 | 2 930 | 3 139 | 425 | 384 | |||||
Operating assets3, 4 | 26 553 | 23 033 | 3 181 | 3 228 | |||||
– South Africa | 15 244 | 13 576 | 3 181 | 3 228 | |||||
– International | 11 309 | 9 457 | – | – | |||||
Liabilities | |||||||||
Contract liabilities2 | 124 | 120 | 2 752 | 2 632 | |||||
Provisions | 80 | 114 | 244 | 309 | |||||
Trade and other payables1 | 10 778 | 9 301 | 592 | 632 | |||||
Other financial liabilities | 13 | 11 | – | – | |||||
Operating liabilities | 10 995 | 9 546 | 3 588 | 3 573 | |||||
– South Africa | 5 330 | 4 214 | 3 588 | 3 573 | |||||
– International | 5 665 | 5 332 | – | – | |||||
Net working capital | 4 203 | 4 894 | (106) | (251) | |||||
– South Africa | 2 242 | 3 141 | (106) | (251) | |||||
– International | 1 961 | 1 753 | – | – | |||||
Net debt (2019 includes the impact of IFRS 16) | 8 642 | 6 525 | (1 788) | (1 490) | |||||
– South Africa | 4 911 | 4 507 | (1 788) | (1 490) | |||||
– International | 3 731 | 2 018 | – | – | |||||
Net capital expenditure | (1 273) | (543) | (606) | (152) | |||||
– South Africa | (1 209) | (459) | (606) | (152) | |||||
– International | (64) | (84) | – | – | |||||
Non–current assets (including equity investment in associates, excluding investments, deferred tax and other financial instruments) | 8 459 | 6 422 | 184 | 174 | |||||
– South Africa | 4 823 | 4 051 | 184 | 174 | |||||
– International | 3 636 | 2 371 | – | – | |||||
Source of internationally based non–current assets | 3 636 | 2 371 | – | – | |||||
– | United Kingdom | 2 397 | 1 399 | – | – | ||||
– | Other regions (Australia and South East Asia) | 1 239 | 972 | – | – |
After Market Parts |
Head office and Eliminations4 |
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2019 Rm |
2018 Rm |
2019 Rm |
2018 Rm |
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FINANCIAL POSITION | |||||||||
Assets | |||||||||
Goodwill and intangible assets | 465 | 450 | 24 | 25 | |||||
Carrying value of associates and joint ventures (excluding loans to associates)4 | 83 | 91 | 8 | 7 | |||||
Property, plant and equipment | 492 | 435 | 58 | 24 | |||||
Right-of-use assets | 210 | – | – | – | |||||
Investment properties | – | – | – | – | |||||
Investments and other financial instruments | – | – | 6 | 36 | |||||
Finance lease receivables | – | – | – | – | |||||
Inventories | 1 713 | 1 596 | (36) | (44) | |||||
Vehicles for hire | – | – | (1 780) | (1 738) | |||||
Trade and other receivables1 | 690 | 754 | (1 760) | (1 368) | |||||
Operating assets3, 4 | 3 653 | 3 326 | (3 480) | (3 058) | |||||
– South Africa | 3 177 | 3 100 | (3 480) | (3 058) | |||||
– International | 476 | 226 | – | – | |||||
Liabilities | |||||||||
Contract liabilities2 | – | – | – | – | |||||
Provisions | 2 | 2 | 276 | 206 | |||||
Trade and other payables1 | 907 | 1 170 | (3 134) | (2 770) | |||||
Other financial liabilities | 21 | – | 7 | 1 | |||||
Operating liabilities | 930 | 1 172 | (2 851) | (2 563) | |||||
– South Africa | 841 | 1 127 | (2 851) | (2 563) | |||||
– International | 89 | 45 | – | – | |||||
Net working capital | 1 494 | 1 178 | 1 062 | 1 152 | |||||
– South Africa | 1 273 | 1 115 | 1 062 | 1 152 | |||||
– International | 221 | 63 | – | – | |||||
Net debt (2019 includes the impact of IFRS 16) | 1 321 | 1 079 | 230 | 49 | |||||
– South Africa | 1 193 | 1 169 | 224 | 44 | |||||
– International | 128 | (90) | 6 | 5 | |||||
Net capital expenditure | (65) | (34) | 549 | 61 | |||||
– South Africa | (52) | (32) | 549 | 61 | |||||
– International | (13) | (2) | – | – | |||||
Non–current assets (including equity investment in associates, excluding investments, deferred tax and other financial instruments) | 1 250 | 976 | 90 | 56 | |||||
– South Africa | 1 084 | 857 | 90 | 56 | |||||
– International | 166 | 119 | – | – | |||||
Source of internationally based non–current assets | 166 | 119 | – | – | |||||
– | United Kingdom | – | – | – | – | ||||
– | Other regions (Australia and South East Asia) | 166 | 119 | – | – |
1 | Includes amounts pertaining to derivative financial instruments. |
2 | The prior year's contract liabilities have been re-presented for Retail and Rental and Head office and Eliminations. There is no impact on the Group's total numbers and these have been reallocated between segments. |
3 | The prior year's operating assets allocation between South Africa and international has been re-presented in Group total, Retail and Rental and After Market Parts. The goodwill adjustment amounting to R391 million (R373 million in Retail and Rental and R18 million in After Market Parts) was previously included in South Africa and is now allocated to international to align it with the related operations. |
4 | Certain amounts (R7 million) have been allocated from Retail and Rental to Head office and Eliminations to align to the treatment as contained in the annual financial statements as at 30 June 2019. |