BUSINESS AND GEOGRAPHIC SEGMENTS
Business segments |
Business segments The group is currently organised
into three segments:
CBI-electric, comprising CBI-electric: low voltage,
CBI-electric: energy cables and CBI-electric: telecom
cables, Nashua, comprising Nashua Office Automation,
Nashua Mobile, Nashua Electronics and RCCF and Reutech,
comprising Fuchs Electronics, Reutech Communications,
Reutech Solutions and Reutech Radar Systems.
The group overview gives
details of the activities of each division. 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 Australia,
Germany and the United States of America. It is,
therefore, not considered meaningful to disclose
information on geographic segments according to location
of operation.
REVENUE INCLUDING ASSOCIATE COMPANIES |
| |
|
|
|
|
|
| |
2009
Rm |
% |
2008
Rm |
% |
%
change |
| CBI-electric |
2
952,2 |
29 |
3 951,9 |
36 |
(25) |
| Nashua |
6
364,9 |
62 |
6 445,2 |
58 |
(1) |
| Reutech |
873,7 |
9 |
622,3 |
6 |
40 |
| Total operations |
10
190,8 |
100 |
11 019,4 |
100 |
(8) |
| NSN* |
80,0 |
|
— |
|
|
| Less: Reunert’s
attributable portion of associate companies’
revenue |
— |
|
(98,3) |
|
|
| Revenue as reported per
the income statement |
10
270,8 |
|
10
921,1 |
|
(6) |
|
|
|
|
|
|
|
| Intersegment revenue is immaterial and has not been
disclosed. |
| * |
Revenue
in the current year includes dividends in lieu
of commission income received attributable
to the investment
in NSN
(refer note
1).
In 2008 this was disclosed in other income. |
|
| |
| OPERATING PROFIT INCLUDING ASSOCIATE COMPANIES |
| |
|
|
|
|
|
|
|
| |
|
2009
Rm |
% |
|
2008
Rm |
% |
%
change |
| CBI-electric |
|
393,3 |
36 |
|
675,3 |
46 |
(42) |
| Nashua |
|
480,8 |
44 |
|
654,3 |
45 |
(27) |
| Reutech |
|
212,0 |
20 |
|
136,9 |
9 |
55 |
| Total operations |
|
1
086,1 |
100 |
|
1 466,5 |
100 |
(26) |
| NSN* |
|
54,3 |
|
|
139,0 |
|
(61) |
| Less: Reunert’s
attributable portion of associate companies’
net operating profit |
|
— |
|
|
(31,4) |
|
|
| Operating profit as reported
in the income statement |
|
1
140,4 |
|
|
1
574,1 |
|
(28) |
|
|
|
|
|
|
|
|
|
| * |
Operating profit of NSN
represents commission income and dividends
in lieu of commission income (refer to notes
1 and 2).
On a comparable basis the 2009 operating
profit amounts to R96,5 million. |
|
| |
| TOTAL ASSETS* |
|
|
|
|
| |
2009
Rm |
|
2008
Rm |
|
| CBI-electric |
1
468,7 |
|
2 187,2 |
|
| Nashua |
4
024,0 |
|
4 266,6 |
|
| Reutech |
474,9 |
|
313,2 |
|
| Total assets* as reported
per the balance sheet |
5
967,6 |
|
6
767,0 |
|
* Total assets excludes
deferred taxation assets, cash and cash equivalents
and RCCF
bank balances and cash. |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| TRADE AND OTHER PAYABLES, DERIVATIVE
LIABILITIES AND PROVISIONS |
|
|
|
|
| CBI-electric |
383,3 |
|
560,0 |
|
| Nashua |
1
144,4 |
|
1 102,4 |
|
| Reutech |
235,6 |
|
133,8 |
|
| Trade and other payables,
derivative liabilities and provisions as reported
per the balance sheet |
1
763,3 |
|
1
796,2 |
|
|
|
|
|
|
| CAPITAL EXPENDITURE |
|
|
|
|
| CBI-electric |
40,3 |
|
76,9 |
|
| Nashua |
15,5 |
|
22,8 |
|
| Reutech |
31,3 |
|
17,4 |
|
| Capital expenditure as
reported |
87,1 |
|
117,1 |
|
|
|
|
|
|
| DEPRECIATION AND IMPAIRMENTS OF PROPERTY,
PLANT AND EQUIPMENT AND AMORTISATION OF INTANGIBLE
ASSETS |
|
|
|
|
| CBI-electric |
41,7 |
|
45,1 |
|
| Nashua |
44,5 |
|
33,2 |
|
| Reutech |
10,2 |
|
8,3 |
|
| Depreciation and impairment
of property, plant and equipment and amortisation
of intangible assets
as reported |
96,4 |
|
86,6 |
|
|
|
|
|
|
| |
|
|
|
|
| NUMBER OF EMPLOYEES |
|
|
|
|
| |
2009 |
|
2008 |
|
| CBI-electric |
2
768 |
|
3 805 |
|
| Nashua |
2
314 |
|
2 396 |
|
| Reutech |
1
239 |
|
995 |
|
| Number of employees as
reported |
6
321 |
|
7
196 |
|
|
| |
|
