MOTUS - Unaudited condensed interim results for the six months ended 31 December 2020

Segment financial position

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	Group		Import and Distribution		Retail and Rental
as at 31 December 2020	2020 Rm	2019 Rm	2020 Rm	2019 Rm	2020 Rm	2019 Rm

Financial position
Assets
Goodwill and intangible assets	1 589	1 370	–	108	1 097	751
Carrying value of associates and joint ventures (excluding loans to associates)	164	167	18	15	29	24
Property, plant and equipment	7 432	7 327	488	548	6 356	6 116
Investment properties	157	171	143	152	14	19
Right-of-use assets¹	2 248	2 051	140	125	1 959	1 704
Investments and other financial instruments	356	460	4	4	–	–
Vehicles for hire	2 640	4 763	1 005	1 693	1 606	3 033
Net investment in lease receivables	55	110	55	110	–	–
Inventories	15 723	19 190	2 803	5 077	10 825	12 131
Trade and other receivables	4 293	4 533	1 778	2 248	2 896	2 930
Operating assets¹	34 657	40 142	6 434	10 080	24 782	26 708
– South Africa	22 456	28 211	6 434	10 080	13 111	15 253
– International	12 201	11 931	–	–	11 671	11 455
Liabilities
Contract liabilities	2 767	2 876	–	–	130	124
Lease liabilities^1&2	2 587	2 405	215	241	2 197	1 912
Provisions	909	743	149	141	190	80
Trade and other payables¹	14 934	14 529	4 877	5 384	10 419	10 780
Other financial liabilities	36	41	–	–	8	13
Operating liabilities^1&2	21 233	20 594	5 241	5 766	12 944	12 909
– South Africa	13 341	13 670	5 241	5 766	5 323	6 121
– International	7 892	6 924	–	–	7 621	6 788
Net working capital	4 173	8 451	(445)	1 800	3 112	4 201
– South Africa	3 169	6 269	(445)	1 800	2 258	2 240
– International	1 004	2 182	–	–	854	1 961
Net interest-bearing debt²	2 886	8 799	(322)	2 505	5 257	6 783
– South Africa	834	6 058	(322)	2 505	3 200	4 129
– International	2 052	2 741	–	–	2 057	2 654
Net capital expenditure	176	(2 092)	472	(697)	(234)	(1 273)
– South Africa	198	(2 015)	472	(697)	(202)	(1 209)
– International	(22)	(77)	–	–	(32)	(64)
Non-current assets (including equity investment in associates, excluding investments, deferred tax and other financial instruments)¹	11 590	11 086	789	948	9 455	8 614
– South Africa	6 831	7 138	789	948	4 815	4 832
– International	4 759	3 948	–	–	4 640	3 782
Source of internationally based non-current assets¹	4 759	3 948	–	–	4 640	3 782
– United Kingdom	2 794	2 543	–	–	2 794	2 543
– Other regions (Australia and South East Asia)	1 965	1 405	–	–	1 846	1 239

	Financial Services		Aftermarket Parts		Head Office and Eliminations
as at 31 December 2020	2020 Rm	2019 Rm	2020 Rm	2019 Rm	2020 Rm	2019 Rm

Financial position
Assets
Goodwill and intangible assets	21	22	460	465	11	24
Carrying value of associates and joint ventures (excluding loans to associates)	15	37	96	83	6	8
Property, plant and equipment	129	113	241	492	218	58
Investment properties	–	–	–	–	–	–
Right-of-use assets¹	1	12	148	210	–	–
Investments and other financial instruments	356	450	–	–	(4)	6
Vehicles for hire	1 093	1 817	–	–	(1 064)	(1 780)
Net investment in lease receivables	–	–	–	–	–	–
Inventories	294	305	1 836	1 713	(35)	(36)
Trade and other receivables	237	425	702	690	(1 320)	(1 760)
Operating assets¹	2 146	3 181	3 483	3 653	(2 188)	(3 480)
– South Africa	2 146	3 181	2 953	3 177	(2 188)	(3 480)
– International	–	–	530	476	–	–
Liabilities
Contract liabilities	2 637	2 752	–	–	–	–
Lease liabilities^1&2	2	12	173	240	–	–
Provisions	283	244	3	2	284	276
Trade and other payables¹	621	592	1 113	907	(2 096)	(3 134)
Other financial liabilities	–	–	22	21	6	7
Operating liabilities^1&2	3 543	3 600	1 311	1 170	(1 806)	(2 851)
– South Africa	3 543	3 600	1 040	1 034	(1 806)	(2 851)
– International	–	–	271	136	–	–
Net working capital	(373)	(106)	1 422	1 494	457	1 062
– South Africa	(373)	(106)	1 272	1 273	457	1 062
– International	–	–	150	221	–	–
Net interest-bearing debt²	(3 207)	(1 800)	758	1 081	400	230
– South Africa	(3 207)	(1 800)	790	1 000	373	224
– International	–	–	(32)	81	27	6
Net capital expenditure	475	(606)	(18)	(65)	(519)	549
– South Africa	475	(606)	(28)	(52)	(519)	549
– International	–	–	10	(13)	–	–
Non-current assets (including equity investment in associates, excluding investments, deferred tax and other financial instruments)¹	166	184	945	1 250	235	90
– South Africa	166	184	826	1 084	235	90
– International	–	–	119	166	–	–
Source of internationally based non-current assets¹	–	–	119	166	–	–
– United Kingdom	–	–	–	–	–	–
– Other regions (Australia and South East Asia)	–	–	119	166	–	–

¹	Prior period comparatives have been adjusted due to the reassessment of the application of IFRS 16 – Leases, refer to note 4.
²	In comparison to December 2019, lease liabilities have been disclosed separately from the net interest-bearing debt for disclosure enhancement purposes in line with the segment financial position included in the 30 June 2020 consolidated annual financial statements.