Annual Report 2009
 
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Financials         
Segmental information    
 
           
GROUP 2009   Financial  
services  
R’000  		 Consumer  
services  
R’000  		 Construction  
and  
infrastructure  
R’000  		 Telecoms,  
media and  
technology  
R’000  		 Total  
R’000  
BALANCE SHEET INFORMATION            
Assets            
Property, plant and equipment   —   322 610   —   —   322 610  
Goodwill and other intangible assets   —   860 812   —   —   860 812  
Strategic investments and associates   732 295   2 898 485   164 805   789 904   4 585 489  
Deferred taxation   —   33 671   —   —   33 671  
Current strategic investments   —   11 254   —   —   11 254  
Other current assets   —   765 863   —   15 885   781 748  
Cash and cash equivalents   —   365 035   —   104 517   469 552  
Total assets   732 295   5 257 730   164 805   910 306   7 065 136  
Liabilities            
Non-current interest-bearing liabilities   —   989 638   —   710 989   1 700 627  
Non-current non-interest-bearing liabilities   —   —   —   —   —  
Deferred taxation   118 723   338 607   18 667   —   475 997  
Current interest-bearing liabilities   —   64 084   —   —   64 084  
Financial liability – derivative financial instrument   —   34 199   —   —   34 199  
Current non-interest-bearing liabilities   —   765 636   —   7 049   772 685  
Total liabilities   118 723   2 192 164   18 667   718 038   3 047 592  
Net assets   613 572   3 065 566   146 138   192 268   4 017 544  
INCOME STATEMENT INFORMATION            
Revenue1   —   3 745 662   —   —   3 745 662  
Profit from operations   —   255 590   —   —   255 590  
Net interest expensed   —   (63 929)  —   (80 752)  (144 681) 
Dividend income   —   37 555   12 932   —   50 487  
Fair value adjustments and net profit/(loss) from investments   232 182   449 324   (163 241)  (203 289)  314 976  
Share of profit/(loss) from associates   —   3 463   —   (37 594)  (34 131) 
Net profit/(loss) before taxation and BEE costs   232 182   682 003   (150 309)  (321 635)  442 241  
Taxation   (32 505)  (157 774)  22 854   (82 194)  (249 619) 
Net profit/(loss) before BEE costs   199 677   524 229   (127 455)  (403 829)  192 622  
Cost of BEE transaction           (16 175) 
Net profit/(loss) for the year           176 447  
1Revenue is revenue received from external customers. Intersegment revenue represents 0,003% of total revenue.  
CASH FLOW STATEMENT INFORMATION            
Cash flow from operating activities   —   217 628   12 932   (29 970)  200 590  
Cash flow from investing activities   —   (49 762)  (2 638)  —   (52 400) 
Cash flow from financing activities   —   (561 371)  (10 294)  137 428   (434 237) 
         
—   (393 505)  —   107 458   (286 047) 
Cash flows with shareholders            
– Dividends paid           (115 481) 
Net movement in cash and cash equivalents           (401 528) 
           
GROUP 20081   Financial  
services  
R’000  		 Consumer  
services  
R’000  		 Construction  
and  
infrastructure  
R’000  		 Telecoms,  
media and  
technology  
R’000  		 Total  
R’000  
BALANCE SHEET INFORMATION            
Assets            
Property, plant and equipment   —   268 150   —   —   268 150  
Goodwill and other intangible assets   —   851 429   —   —   851 429  
Strategic investments and associates   500 113   2 442 955   315 114   1 046 672   4 304 854  
Financial asset – derivative financial instrument   —   3 242   —   —   3 242  
Deferred taxation   —   19 038   —   74 337   93 375  
Current strategic investments   —   23 358   10 294   —   33 652  
Other current assets   —   641 791   —   771   642 562  
Cash and cash equivalents   —   870 013   —   —   870 013  
Assets in disposal group held for sale   —   280 295   —   —   280 295  
Total assets   500 113   5 400 271   325 408   1 121 780   7 347 572  
Liabilities            
Non-current interest-bearing liabilities   —   460 439   —   309 102   769 541  
Non-current non-interest-bearing liabilities   —   2 653   —   —   2 653  
Deferred taxation   86 217   261 672   41 520   —   389 409  
Current interest-bearing liabilities   —   51 251   10 294   —   61 545  
Accrued interest-bearing liabilities   —   —   —   1 288 943   1 288 943  
Current non-interest-bearing liabilities   —   714 802   —   296   715 098  
Liabilities in disposal group held for sale   —   176 895   —   —   176 895  
Total liabilities   86 217   1 667 712   51 814   1 598 341   3 404 084  
Net assets   413 896   3 732 559   273 594   (476 561)  3 943 488  
INCOME STATEMENT INFORMATION            
Revenue2   —   3 538 918   —   —   3 538 918  
Profit from operations   —   246 747   —   —   246 747  
Net interest income/(expensed)   —   73 134   —   (16 006)  57 128  
Dividend income   —   1 846   9 368   —   11 214  
Fair value adjustments and net loss from investments   (783 166)  (721 348)  (113 394)  (13 411)  (1 631 319) 
Share of profit/(loss) from associates   —   624   —   (526 886)  (526 262) 
Net loss before taxation, BEE costs and goodwill impairment   (783 166)  (398 997)  (104 026)  (556 303)  (1 842 492) 
Taxation   116 060   (23 066)  17 925   74 041   184 960  
Net loss before BEE costs and goodwill impairment   (667 106)  (422 063)  (86 101)  (482 262)  (1 657 532) 
Impairment to goodwill           (11 486) 
Cost of BEE transaction           (16 175) 
Net loss for the year           (1 685 193) 
1Segmental information for 30 June 2008 has been reclassified to reflect the sectors in which the Group’s investments
  are managed.   
2Revenue is revenue received from external customers. Intersegment revenue represents 0,003% of total revenue.    
           
CASH FLOW STATEMENT INFORMATION            
Cash flow from operating activities   —   202 396   9 368   (2 961)  208 803  
Cash flow from investing activities   —   (316 872)  (343)  (1 586 968)  (1 904 183) 
Cash flow from financing activities   —   16 383   (9 025)  1 589 929   1 597 287  
  —   (98 093)  —   —   (98 093) 
Cash flows with shareholders            
– Share buy-backs net of proceeds
   from issue of shares  		         (92 971) 
– Share issue costs           (259 546) 
– Distributions/dividends paid           (30 016) 
Net movement in cash and cash equivalents           (480 626) 
   
 
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