| BUSINESS AND GEOGRAPHIC
SEGMENTS |
| |
| Business segments |
For management
purposes, the group is currently organised into
two operating divisions:
Electrical engineering (CBi-electric:
low voltage (formerly Circuit Breaker Industries),
CBi-electric: african cables (formerly African
Cables) and CBi-electric: telecom cables (formerly
ATC) and,
Electronics comprising Office
systems (Nashua Office Automation, Nashua Kopano
and RC&C Finance Company), Consumer products
and services (Nashua Mobile and RC&C Holdings),
Telecommunications (Siemens Telecommunications
and Acuo Technologies) and Reutech (Fuchs Electronics,
RDI Communications, RDL Technologies and Reutech
Radar Systems). The group overview in Group
@ a Glance and Management
Discussion gives details of the activities
of each division.
The associate company forms part of the Telecommunications
segment.
These divisions are the basis on which the group
reports its primary business segments.
Segment information about these businesses is
presented below.
The group’s operations are situated mostly
in South Africa , with minor operations situated
in Germany , the United States of America and
Australia . It is, therefore, not considered
meaningful to disclose information on geographic
segments according to location of operation. |
| |
| REVENUE INCLUDING
ASSOCIATE COMPANY |
| Rm |
2006 |
% |
2005* |
% |
%
change |
| Electrical engineering |
2
573,7 |
27 |
1 986,7 |
25 |
30 |
| Electronics |
|
|
|
|
|
| Office systems |
1
234,8 |
13 |
981,3 |
12 |
26 |
| Consumer products and
services |
4
109,0 |
43 |
3 743,7 |
47 |
10 |
| Telecommunications |
1
285,7 |
14 |
993,0 |
12 |
29 |
| Reutech |
317,3 |
3 |
300,3 |
4 |
6 |
| Total Electronics |
6
946,8 |
73 |
6 018,3 |
75 |
15 |
| Total operations |
9
520,5 |
100 |
8 005,0 |
100 |
19 |
| Less: Reunert’s
attributable portion of associate company’s
revenue |
(1
284,1) |
|
(993,0) |
|
|
| Revenue as reported
per the income statement |
8
236,4 |
|
7 012,0 |
|
17 |
|
| |
| OPERATING PROFIT
INCLUDING ASSOCIATE COMPANY |
| Rm |
2006 |
% |
2005* |
% |
%
change |
| Electrical engineering |
552,1 |
39 |
332,7 |
32 |
66 |
| Electronics |
|
|
|
|
|
| Office systems |
314,1 |
22 |
257,1 |
24 |
22 |
| Consumer products and
services |
374,5 |
27 |
324,5 |
31 |
15 |
| Telecommunications |
142,9 |
10 |
131,9 |
13 |
8 |
| Reutech |
30,4 |
2 |
3,7 |
— |
722 |
| Total Electronics |
861,9 |
61 |
717,2 |
68 |
20 |
| Total operations |
1
414,0 |
100 |
1 049,9 |
100 |
35 |
Less: Reunert’s
attributable portion of associate
company’s net operating profit |
(141,3) |
|
(132,6) |
|
|
| Operating profit as
reported in the income statement |
1
272,7 |
|
917,3 |
|
39 |
|
| |
| TOTAL ASSETS (EXCLUDING
CASH AND CASH EQUIVALENTS AND DEFERRED TAXATION
ASSETS) INCLUDING ASSOCIATE COMPANY |
| |
| Rm |
2006 |
2005* |
| Electrical engineering |
1
325,2 |
939,0 |
| Electronics |
|
|
| Office systems |
1
839,3 |
1 276,4 |
| Consumer products and
services |
1
241,2 |
976,3 |
| Telecommunications |
978,3 |
581,7 |
| Reutech |
109,8 |
82,0 |
| Total Electronics |
4
168,6 |
2 916,4 |
| Total operations |
5
493,8 |
3 855,4 |
Less: Reunert’s
attributable portion of associate
company’s assets |
(872,8) |
(479,9) |
Total assets (excluding
cash and cash equivalents
and deferred taxation assets) as reported
per the
balance sheet |
4
621,0 |
3 375,5 |
|
| |
| TRADE AND OTHER
PAYABLES, DERIVATIVE LIABILITIES AND PROVISIONS,
INCLUDING ASSOCIATE COMPANY |
| |
| Rm |
2006 |
2005* |
| Electrical engineering |
441,2 |
248,8 |
| Electronics |
|
|
| Office systems |
359,6 |
293,6 |
| Consumer products and
services |
958,7 |
804,0 |
| Telecommunications |
722,7 |
435,0 |
| Reutech |
125,6 |
97,2 |
| Total Electronics |
2
166,6 |
1 629,8 |
| Total operations |
2
607,8 |
1 878,6 |
Less: Reunert’s
attributable portion of associate
company’s liabilities |
(721,9) |
(434,5) |
Trade and other payables,
derivative liabilities and
provisions as reported per the balance sheet |
1
885,9 |
1 444,1 |
|
| |
| CAPITAL EXPENDITURE
EXCLUDING ASSOCIATE COMPANY |
| |
| Rm |
2006 |
2005* |
| Electrical engineering |
99,8 |
38,3 |
| Electronics |
|
|
| Office systems |
60,1 |
2,4 |
| Consumer products and
services |
30,3 |
15,1 |
| Telecommunications |
0,1 |
— |
| Reutech |
4,0 |
3,9 |
| Total Electronics |
94,5 |
21,4 |
| Capital expenditure
as reported |
194,3 |
59,7 |
|
| |
| DEPRECIATION AND
IMPAIRMENTS OF PROPERTY, PLANT AND EQUIPMENT AND
AMORTISATION OF INTANGIBLE ASSETS EXCLUDING ASSOCIATE
COMPANY |
| |
| Rm |
2006 |
2005* |
| Electrical engineering |
36,9 |
30,6 |
| Electronics |
|
|
| Office systems |
5,0 |
3,0 |
| Consumer products and
services |
17,1 |
12,8 |
| Telecommunications |
— |
0,1 |
| Reutech |
4,2 |
3,4 |
| Total Electronics |
26,3 |
19,3 |
Depreciation and impairment
of property, plant and
equipment and amortisation of intangible
assets as reported |
63,2 |
49,9 |
|
| |
| NUMBER OF EMPLOYEES
EXCLUDING ASSOCIATE COMPANY |
| |
2006 |
2005 |
| Electrical engineering |
3
295 |
2 680 |
| Electronics |
|
|
| Office systems |
400 |
413 |
| Consumer products and
services |
1
781 |
1 588 |
| Telecommunications |
30 |
16 |
| Reutech |
770 |
623 |
| Total Electronics |
2
981 |
2 640 |
| Number of employees
as reported |
6
276 |
5 320 |
|
| |
| * The comparative information
has been amended to take account of the effect
of adopting IFRS from 1 October 2004
and SAICA Circular 9/2006. |
|
