Information on business and geographical segments
 
 
 
 
 
Financial
 
 
 
 
Telecom-
 
 
and risk
Equity
 
Consolidated 
 
munication
Technology
Media
services
funds
Corporate 
Total 
30 JUNE 2004
R million
R million
R million
R million
R million
R million 
R million 
BUSINESS SEGMENTAL
 
 
 
 
 
 
ANALYSIS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
REVENUE
–
–
–
–
 
115 
115 
 
 
Net interest income
–
–
–
–
 
98 
98 
Share of profit of associated
 
 
 
 
 
 
 
   companies
759
41
25
117
–
38 
980 
Amortisation of goodwill
 
 
 
 
 
 
(122)
Impairment of goodwill
 
 
 
 
 
 
(198)
Impairment of assets
 
 
 
 
 
 
(10)
Other expenses
–
–
–
–
–
(46)
(46)
Capital surplus on the
 
 
 
 
 
 
 
disposal of long-term
 
 
 
 
 
 
 
investments
 
 
 
 
 
 
24 
Profit before taxation
 
 
 
 
 
 
726 
Taxation
 
 
 
 
 
 
(294)
Net profit for the year
 
 
 
 
 
 
432 
HEADLINE EARNINGS
491
33
25
117
–
74 
740 
 
OTHER INFORMATION
 
 
 
 
 
 
 
Segment assets
282
971
212
1 274
53
2 820 
5 612 
Investments in associated
 
 
 
 
 
 
 
   companies
1 302
64
152
–
–
37 
1 555 
 
1 584
1 035
364
1 274
53
2 857 
7 167 
Taxation
 
 
 
 
 
 
27 
Consolidated total assets
 
 
 
 
 
 
7 194 
 
Segment liabilities
*
118
*
–
–
29 
147 
Taxation
 
 
 
 
 
 
14 
Consolidated total liabilities
 
 
 
 
 
 
161 
 
Depreciation and amortisation
 
 
 
 
 
 
 
   of goodwill
68
9
46
–
–
* 
123 
 
 
 
 
 
 
 
 
* Amount smaller than R500 000
 

The interests of the group have been classified in six main operating divisions/business segments – telecommunication, technology, media, financial and risk services, equity funds and corporate. Each division represents the main business sector of the investments classified thereunder.

Income and expenses, as well as the attributable portion of the income from associated companies, are directly attributable to the segment.

Segment assets include cash and cash equivalents, trade and other receivables, intangible assets and other investments. Investments in associated companies accounted for on the equity method, are stated separately.

Segment liabilities include all operating liabilities, except for taxation.

GEOGRAPHICAL SEGMENTAL ANALYSIS
The group’s interests can be divided into two main geographical areas, namely South Africa and offshore.

 
Headline
 
 
Revenue
earnings
Total assets
 
R million
R million
R million
South Africa
100
565
2 655
Offshore
15
175
4 512
 
115
740
7 167

Total assets include assets and investments in associated companies, but exclude tax assets.
 

 
 
 
 
 
Financial 
 
 
 
Telecom-
 
 
and risk 
 
Consolidated 
 
munication
Technology
Media 
services 
Corporate 
Total 
30 JUNE 2003
R million
R million
R million 
R million 
R million 
R million 
BUSINESS SEGMENTAL
 
 
 
 
 
ANALYSIS
 
 
 
 
 
 
 
 
 
 
 
 
 
REVENUE
–
–
– 
– 
256 
256 
 
 
Net interest income
–
–
– 
– 
179 
179 
Share of profit of associated
 
 
 
 
 
 
   companies
607
1
(28)
135 
54 
769 
Amortisation of goodwill
 
 
 
 
 
(105)
Impairment of goodwill
 
 
 
 
 
(83)
Impairment of assets
 
 
 
 
 
(234)
Other expenses
–
–
– 
– 
(40)
(40)
Capital surplus on the disposal of
 
 
 
 
 
   long-term investments
 
 
 
 
 
362 
Profit before taxation
 
 
 
 
 
848 
Taxation
 
 
 
 
 
(255)
Net profit for the year
 
 
 
 
 
593 
HEADLINE EARNINGS
491
33
(28)
135 
155 
665 
 
 
OTHER INFORMATION
 
 
 
 
 
 
Segment assets
333
93
205 
– 
2 022 
2 653 
Investments in associated
 
 
 
 
 
 
   companies
1 170
1 019
179 
1 344 
1 883 
5 595 
 
1 503
1 112
384 
1 344 
3 905 
8 248 
Taxation
 
 
 
 
 
7 
Consolidated total assets
 
 
 
 
 
8 255 
 
Segment liabilities
*
*
* 
– 
15 
15 
Taxation
 
 
 
 
 
35 
Consolidated total liabilities
 
 
 
 
 
50 
 
Depreciation and amortisation
 
 
 
 
 
 
   of goodwill
40
24
39 
– 
2 
105 
 
 
 
 
 
 
 
* Amount smaller than R500 000
   

The interests of the group have been classified in five main operating divisions/business segments – telecommunication, technology, media, financial and risk services and corporate. Each division represents the main business sector of the investments classified thereunder.

Income and expenses, as well as the attributable portion of the income from associated companies, are directly attributable to the segment.

Segment assets include cash and cash equivalents, trade and other receivables, intangible assets and other investments. Investments in associated companies accounted for on the equity method, are stated separately.

Segment liabilities include all operating liabilities, except for taxation.

GEOGRAPHICAL SEGMENTAL ANALYSIS
The group’s interests can be divided into two main geographical areas, namely South Africa and offshore.

 
Headline
 
 
Revenue
earnings
Total assets
 
R million
R million
R million
South Africa
235
467
3 238
Offshore
21
198
5 010
 
256
665
8 248