Segment profit or loss
Download (EXCEL)Group | Import and Distribution | Retail and Rental | ||||||||||
for the six months ended 31 December 2020 | 2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
||||||
Profit or loss | ||||||||||||
Total revenue from contracts with customers | 44 343 | 41 954 | 9 687 | 10 158 | 35 965 | 34 265 | ||||||
– South Africa | 28 577 | 28 263 | 9 687 | 10 158 | 20 341 | 20 715 | ||||||
– International (see below) | 15 994 | 13 802 | – | – | 15 624 | 13 550 | ||||||
– Eliminations between geographical regions | (228) | (111) | – | – | – | – | ||||||
Operating profit | 1 724 | 1 831 | 421 | 430 | 740 | 801 | ||||||
– South Africa | 1 432 | 1 698 | 421 | 430 | 482 | 693 | ||||||
– International | 292 | 133 | – | – | 258 | 108 | ||||||
Depreciation, amortisation, impairments net of recoupments | (732) | (968) | (96) | (261) | (517) | (615) | ||||||
– South Africa | (528) | (819) | (96) | (261) | (323) | (477) | ||||||
– International | (204) | (149) | – | – | (194) | (138) | ||||||
Finance costs1 | (399) | (520) | (91) | (195) | (393) | (365) | ||||||
– South Africa | (288) | (413) | (91) | (195) | (284) | (260) | ||||||
– International | (111) | (107) | – | – | (109) | (105) | ||||||
Finance income1 | 67 | 23 | 23 | 20 | 9 | 12 | ||||||
– South Africa | 67 | 22 | 23 | 20 | 9 | 11 | ||||||
– International | – | 1 | – | – | – | 1 | ||||||
Profit before tax and non-trading items | 1 304 | 1 306 | 280 | 243 | 366 | 437 | ||||||
– South Africa | 1 114 | 1 287 | 280 | 243 | 212 | 433 | ||||||
– International | 190 | 19 | – | – | 154 | 4 | ||||||
Non-trading items | (17) | (63) | – | 6 | (8) | (60) | ||||||
– South Africa | (17) | (3) | – | 6 | (8) | – | ||||||
– International | – | (60) | – | – | – | (60) | ||||||
Profit before tax | 1 287 | 1 243 | 280 | 249 | 358 | 377 | ||||||
– South Africa | 1 097 | 1 284 | 280 | 249 | 204 | 433 | ||||||
– International | 190 | (41) | – | – | 154 | (56) | ||||||
Income tax expense | (359) | (344) | (90) | (68) | (92) | (132) |
Financial Services | Aftermarket Parts | Head Office and Eliminations |
||||||||||
for the six months ended 31 December 2020 | 2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
||||||
Profit or loss | ||||||||||||
Total revenue from contracts with customers | 1 054 | 1 126 | 3 773 | 3 433 | (6 136) | (7 028) | ||||||
– South Africa | 1 054 | 1 126 | 3 631 | 3 292 | (6 136) | (7 028) | ||||||
– International | – | – | 370 | 252 | – | – | ||||||
– Eliminations between geographical regions | – | – | (228) | (111) | – | – | ||||||
Operating profit | 467 | 483 | 266 | 247 | (170) | (130) | ||||||
– South Africa | 467 | 483 | 232 | 222 | (170) | (130) | ||||||
– International | – | – | 34 | 25 | – | – | ||||||
Depreciation, amortisation, impairments net of recoupments | (63) | (73) | (69) | (71) | 13 | 52 | ||||||
– South Africa | (63) | (73) | (59) | (60) | 13 | 52 | ||||||
– International | – | – | (10) | (11) | – | – | ||||||
Finance costs1 | (37) | (34) | (54) | (76) | 176 | 150 | ||||||
– South Africa | (37) | (34) | (52) | (74) | 176 | 150 | ||||||
– International | – | – | (2) | (2) | – | – | ||||||
Finance income1 | – | – | 1 | 15 | 34 | (24) | ||||||
– South Africa | – | – | 1 | 15 | 34 | (24) | ||||||
– International | – | – | – | – | – | – | ||||||
Profit before tax and non-trading items | 440 | 451 | 218 | 177 | – | (2) | ||||||
– South Africa | 440 | 451 | 182 | 162 | – | (2) | ||||||
– International | – | – | 36 | 15 | – | – | ||||||
Non-trading items | – | (1) | (9) | (8) | – | – | ||||||
– South Africa | – | (1) | (9) | (8) | – | – | ||||||
– International | – | – | – | – | – | – | ||||||
Profit before tax | 440 | 450 | 209 | 169 | – | (2) | ||||||
– South Africa | 440 | 450 | 173 | 154 | – | (2) | ||||||
– International | – | – | 36 | 15 | – | – | ||||||
Income tax expense | (113) | (95) | (57) | (53) | (7) | 4 |
1 | Finance costs and finance income have been disaggregated for disclosure enhancement purposes in the prior period. |
Group | Import and Distribution | Retail and Rental | |||||||||||
for the six months ended 31 December 2020 | 2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
|||||||
Additional segment information | |||||||||||||
Analysis by revenue type | |||||||||||||
New motor vehicle sales | 20 191 | 19 098 | 7 328 | 7 763 | 17 140 | 16 437 | |||||||
Pre-owned motor vehicle sales | 11 746 | 10 144 | 1 337 | 1 313 | 11 292 | 9 784 | |||||||
Parts and other goods sales | 8 005 | 7 638 | 974 | 1 027 | 3 974 | 3 882 | |||||||
Sale of goods | 39 942 | 36 880 | 9 639 | 10 103 | 32 406 | 30 103 | |||||||
Vehicle workshop, maintenance, service and warranty | 2 848 | 2 856 | 35 | 35 | 2 164 | 2 103 | |||||||
Motor vehicle rental | 608 | 1 280 | – | 1 | 496 | 1 163 | |||||||
Fees on vehicles, parts and services sold | 945 | 938 | 13 | 19 | 899 | 896 | |||||||
Rendering of services | 4 401 | 5 074 | 48 | 55 | 3 559 | 4 162 | |||||||
Total divisional revenue | 44 343 | 41 954 | 9 687 | 10 158 | 35 965 | 34 265 | |||||||
Inter-group revenue | – | – | (5 722) | (6 653) | (238) | (172) | |||||||
Total external revenue | 44 343 | 41 954 | 3 965 | 3 505 | 35 727 | 34 093 | |||||||
Source of internationally derived revenue | |||||||||||||
– United Kingdom | 12 089 | 10 737 | – | – | 12 089 | 10 737 | |||||||
– Other regions (Australia and South East Asia) | 3 905 | 3 065 | – | – | 3 535 | 2 813 | |||||||
15 994 | 13 802 | – | – | 15 624 | 13 550 | ||||||||
Analysis of depreciation, amortisation, impairments and recoupments | (732) | (968) | (96) | (261) | (517) | (615) | |||||||
Depreciation and amortisation | (703) | (965) | (97) | (274) | (523) | (604) | |||||||
(Losses)/profits on disposals and impairments | (22) | 2 | 1 | 13 | 6 | (12) | |||||||
Amortisation and impairment of intangible assets arising on business combinations | (7) | (5) | – | – | – | 1 | |||||||
(Costs)/income included in profit before tax and non-trading items | |||||||||||||
Employee costs | (3 349) | (3 585) | (210) | (244) | (2 344) | (2 435) | |||||||
Operating lease charges | (62) | (51) | (5) | (6) | (53) | (46) | |||||||
Net foreign exchange (losses)/gains | (82) | (46) | (76) | (35) | 2 | – | |||||||
Associate income included in pre-tax profits | 26 | 14 | 4 | 1 | 2 | 2 | |||||||
Operating margin (%) | 3,9 | 4,4 | 4,3 | 4,2 | 2,1 | 2,3 |
Financial Services | Aftermarket Parts | Head Office and Eliminations |
|||||||||||
for the six months ended 31 December 2020 | 2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
2020 Rm |
2019 Rm |
|||||||
Additional segment information | |||||||||||||
Analysis by revenue type | |||||||||||||
New motor vehicle sales | – | – | – | – | (4 277) | (5 102) | |||||||
Pre-owned motor vehicle sales | – | – | – | – | (883) | (953) | |||||||
Parts and other goods sales | – | – | 3 736 | 3 404 | (679) | (675) | |||||||
Sale of goods | – | – | 3 736 | 3 404 | (5 839) | (6 730) | |||||||
Vehicle workshop, maintenance, service and warranty | 777 | 815 | – | 1 | (128) | (98) | |||||||
Motor vehicle rental | 193 | 219 | – | – | (81) | (103) | |||||||
Fees on vehicles, parts and services sold | 84 | 92 | 37 | 28 | (88) | (97) | |||||||
Rendering of services | 1 054 | 1 126 | 37 | 29 | (297) | (298) | |||||||
Total divisional revenue | 1 054 | 1 126 | 3 773 | 3 433 | (6 136) | (7 028) | |||||||
Inter-group revenue | (166) | (192) | (10) | (11) | 6 136 | 7 028 | |||||||
Total external revenue | 888 | 934 | 3 763 | 3 422 | – | – | |||||||
Source of internationally derived revenue | |||||||||||||
– United Kingdom | – | – | – | – | – | – | |||||||
– Other regions (Australia and South East Asia) | – | – | 370 | 252 | – | – | |||||||
– | – | 370 | 252 | – | – | ||||||||
Analysis of depreciation, amortisation, impairments and recoupments | (63) | (73) | (69) | (71) | 13 | 52 | |||||||
Depreciation and amortisation | (63) | (73) | (63) | (66) | 43 | 52 | |||||||
(Losses)/profits on disposals and impairments | – | – | 1 | 1 | (30) | – | |||||||
Amortisation and impairment of intangible assets arising on business combinations | – | – | (7) | (6) | – | – | |||||||
(Costs)/income included in profit before tax and non-trading items | |||||||||||||
Employee costs | (245) | (264) | (440) | (429) | (110) | (213) | |||||||
Operating lease charges | (1) | (1) | (11) | – | 8 | 2 | |||||||
Net foreign exchange (losses)/gains | – | – | 2 | (12) | (10) | 1 | |||||||
Associate income included in pre-tax profits | 10 | 1 | 10 | 9 | – | 1 | |||||||
Operating margin (%) | 44,3 | 42,9 | 7,1 | 7,2 |