Reunert Annual Report 2004
   
  SEGMENTAL ANALYSIS
     
  BUSINESS AND GEOGRAPHIC SEGMENTS
  BUSINESS SEGMENTS
  For management purposes, the group is currently organised into two operating divisions: Electrical engineering (Circuit Breaker Industries,ATC and African Cables) and Electronics comprising Office systems (Nashua Office Automation,Nashua Connect, RC&C Finance Company and CS Computer Services Holdings), Consumer products and services (Nashua Mobile, RC&C Holdings and Saco Systems), Telecommunications (Siemens Telecommunications and Acuo Technologies) and Reutech (Fuchs Electronics, RDI Communications, Reunert Defence Logistics 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 only immaterial operations situated in the United Kingdom,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 COMPANIES
   
 
     
% 
Rm
2004 
% 
2003 
% 
change 
ELECTRICAL ENGINEERING
1 456,7 
19 
1 367,7 
18 
7 
ELECTRONICS
Office systems
1 071,0 
14 
952,9 
13 
12 
Consumer products and services
3 382,7 
44 
3 192,5 
42 
6 
Telecommunications
1 321,1 
17 
1 413,7 
19 
(7)
Reutech
443,0 
6 
615,7 
8 
(28)
Total Electronics
6 217,8 
81 
6 174,8 
82 
1 
Total operations
7 674,5 
100 
7 542,5 
100 
2 
Less: Reunert’s attributable portion of
        associate companies’ revenue
(1 427,2)
(1 438,6)
   
    
Revenue as reported per the income    statement
6 247,3 
   
6 103,9 
    
2 
     
OPERATING PROFIT BEFORE GOODWILL AMORTISATION INCLUDING
ASSOCIATE COMPANIES
     
% 
Rm
2004 
% 
2003 
% 
change 
ELECTRICAL ENGINEERING
217,1 
25 
195,2 
34 
11 
ELECTRONICS
Office systems
226,3 
26 
157,4 
 27 
44 
Consumer products and services
250,9 
29 
173,7 
30 
44 
Telecommunications
130,2 
15 
(64,6)
(11)
302 
Reutech
48,5 
5 
117,9 
20 
(59)
Total Electronics
655,9 
75 
384,4 
66 
71 
Total operations
873,0 
100 
579,6 
100 
51 
Less: Reunert’s attributable portion of
        associate companies’ operating          
        (profit)/loss
(119,0)
    
74,3 
     
      
Operating profit before amortisation of
   goodwill as reported per the          
   income statement
754,0 
    
653,9 
   
15
 
TOTAL ASSETS (EXCLUDING CASH AND DEFERRED TAX) INCLUDING
ASSOCIATE COMPANIES
     
Rm                
2004 
       
2003 
ELECTRICAL ENGINEERING      
673,0 
   
548,3 
ELECTRONICS    
Office systems    
824,8 
1 478,1 
Consumer products and services    
887,4 
825,4 
Telecommunications    
514,9 
525,2 
Reutech       
122,4 
   
154,4 
Total Electronics               
2 349,5 
        
2 983,1 
Total operations    
3 022,5 
3 531,4 
Less: Reunert’s attributable portion of    
        associate companies’ assets               
(445,5)
       
(411,5)
Total assets (excluding cash and deferred    
   taxation assets) as reported per the    
   balance sheet                 
2 577,0 
        
3 119,9 
     
TRADE AND OTHER PAYABLES, DERIVATIVE LIABILITIES AND PROVISIONS, INCLUDING ASSOCIATE COMPANIES
     
Rm            
2004 
      
2003 
ELECTRICAL ENGINEERING        
250,3 
    
185,3 
ELECTRONICS    
Office systems    
406,8 
309,2 
Consumer products and services    
717,6 
602,3 
Telecommunications    
335,1 
232,8 
Reutech      
118,0 
     
199,6 
Total Electronics            
1 577,5 
     
1 343,9 
Total operations    
1 827,8 
1 529,2 
Less: Reunert’s attributable portion of    
        associate companies’ liabilities            
(378,9)
     
(232,4)
Trade and other payables, derivative    
   liabilities and provisions, as reported    
   per the balance sheet           
1 448,9 
     
1 296,8 
     
CAPITAL EXPENDITURE EXCLUDING ASSOCIATE COMPANIES
     
Rm      
2004 
  
2003 
ELECTRICAL ENGINEERING        
27,1 
  
15,1 
ELECTRONICS    
Office systems    
5,7 
3,7 
Consumer products and services    
13,2 
19,6 
Telecommunications    
0,1 
0,1 
Reutech    
2,7 
6,1 
Total Electronics      
21,7 
  
29,5 
Capital expenditure as reported      
48,8 
  
44,6 
     
DEPRECIATION EXCLUDING ASSOCIATE COMPANIES
     
Rm        
2004 
  
2003 
ELECTRICAL ENGINEERING      
30,5 
    
29,5 
ELECTRONICS    
Office systems    
4,8 
3,7 
Consumer products and services    
18,5 
20,8 
Telecommunications    
0,1 
0,1 
Reutech      
4,0 
  
4,3 
Total Electronics       
27,4 
  
28,9 
Depreciation as reported      
57,9 
  
58,4 
     
AMORTISATION EXCLUDING ASSOCIATE COMPANIES
     
Rm       
2004 
    
2003 
ELECTRICAL ENGINEERING            
1,2 
     
(0,8)
ELECTRONICS    
Office systems    
9,7 
3,8 
Consumer products and services    
28,8 
29,4 
Telecommunications    
13,8 
13,8 
Reutech          
– 
      
– 
Total Electronics                   
52,3 
       
47,0 
Amortisation as reported               
53,5 
     
46,2 
     
NUMBER OF EMPLOYEES EXCLUDING ASSOCIATE COMPANIES
     
Rm      
2004 
  
2003 
ELECTRICAL ENGINEERING          
2 524 
  
2 322 
ELECTRONICS      
  
   
  
Office systems    
445 
444 
Consumer products and services    
1 479 
1 427 
Telecommunications    
13 
10 
Reutech    
708 
 
715 
Total Electronics    
2 645 
 
2 596 
Number of employees as reported    
5 169 
 
4 918