33 |
SEGMENTAL INFORMATION |
||||||||||||||
The following segments are separately monitored by management and form the group’s reportable segments: Joint venture mining and beneficiation Assore’s principal investment is its 50% share in Assmang. Assmang’s operations are managed by commodity mined and, where applicable, beneficiated at various works operations. Accordingly, this segment is further analysed as follows:
Marketing, shipping and other services In terms of the joint venture arrangement with Assmang, Assore and certain of its subsidiary companies are responsible for the marketing and shipping of Assmang’s product. In addition, another subsidiary provides consulting and engineering expertise to Assmang and other group companies. Other mining and beneficiation This segment contains the chrome operations managed by Rustenburg Minerals and Zeerust, as well as the pyrophyllite and ceramic operations managed by Wonderstone. |
|||||||||||||||
|
|||||||||||||||
Other | Adjust- | ||||||||||||||
Marketing, | mining | ments | Total | ||||||||||||
Joint venture mining and beneficiation | shipping | and | arising on | attributable | |||||||||||
Iron ore | Manganese | Chrome | and other | benefi- | con- | to Assore | |||||||||
R’000 | division | division | division | services | ciation | solidation | group | ||||||||
Year to 30 June 2015 |
|||||||||||||||
Revenues | |||||||||||||||
Third party | 12 622 422 | 7 152 284 | 1 798 712 | 21 573 418 | 3 007 156 | 350 141 | (21 573 418) | 3 357 297 | |||||||
| | | | 5 101 | | (5 101) | |||||||||
Total revenues | 12 622 422 | 7 152 284 | 1 798 712 | 21 573 418 | 3 012 257 | 350 161 | (21 578 539) | 3 357 297 | |||||||
Contribution to profit/(loss) | 2 381 257 | 94 165 | 183 802 | 2 659 224 | 197 485 | (222 986) | (2 659 224) | (25 501) | |||||||
Contribution to headline earnings | 2 495 430 | 577 496 | 183 802 | 3 256 728 | 290 436 | 57 551 | (1 628 364) | 1 976 351 | |||||||
Impairment of financial and
|
(147 114) | (665 262) | | (812 376) | (114 258) | (365 073) | 406 188 | (885 519) | |||||||
Statement of financial position | |||||||||||||||
Consolidated total assets | 25 563 489 | 11 274 011 | 1 344 122 | 38 181 622 | 4 806 946 | 384 887 | (23 844 294) | 19 529 161 | |||||||
Other information | |||||||||||||||
Finance income | 411 967 | 9 696 | 1 461 | 423 124 | 155 342 | 2 916 | (423 124) | 158 258 | |||||||
Finance costs | 27 453 | 27 703 | 2 375 | 57 531 | 28 832 | 4 559 | (57 531) | 33 391 | |||||||
Depreciation and amortisation | 1 421 457 | 421 506 | 91 414 | 1 934 377 | 16 683 | 17 603 | (1 934 377) | 34 286 | |||||||
Impairment charges | 147 114 | 665 262 | | 812 376 | 114 258 | 365 073 | (406 188) | 885 519 | |||||||
Taxation | 939 881 | 27 503 | 79 298 | 1 046 682 | 135 737 | (33 444) | (1 046 682) | 102 293 | |||||||
Capital expenditure | 6 116 917 | 2 371 568 | 763 440 | 9 251 925 | 7 919 | 83 245 | (9 251 925) | 91 164 | |||||||
Other | Adjust- | ||||||||||||||
Marketing, | mining | ments | Total | ||||||||||||
Joint venture mining and beneficiation | shipping and | and | arising on | attributable | |||||||||||
Iron ore | Manganese | Chrome | other | benefi- | con- | to | |||||||||
R’000 | division | division | division | services | ciation | solidation | Assore group | ||||||||
Year to 30 June 2014 |
|||||||||||||||
Revenues | |||||||||||||||
Third party | 18 101 329 | 8 309 121 | 1 609 868 | 28 020 318 | 2 541 872 | 352 724 | (28 020 318) | 2 894 596 | |||||||
| | | | 6 479 | | (6 479) | | ||||||||
Total revenues | 18 101 329 | 8 309 121 | 1 609 868 | 28 020 318 | 2 548 351 | 352 724 | (28 026 797) | 2 894 596 | |||||||
Contribution to profit | 6 357 416 | 684 025 | 127 817 | 7 169 258 | 504 298 | (46 731) | (7 169 258) | 457 567 | |||||||
Contribution to headline earnings | 6 356 772 | 1 058 543 | 127 817 | 7 543 132 | 504 915 | (30 570) | (3 787 587) | 4 229 890 | |||||||
Impairment of financial and
|
| (519 880) | | (519 880) | (26 327) | (16 982) | 259 940 | (303 249)* | |||||||
Statement of financial position | |||||||||||||||
Consolidated total assets | 26 145 486 | 11 246 592 | 1 027 161 | 38 419 239 | 3 614 501 | 574 976 | (23 651 070) | 18 957 646 | |||||||
Other information |
|||||||||||||||
Finance income | 427 905 | 14 538 | 2 055 | 444 498 | 108 963 | 3 823 | (444 498) | 112 786 | |||||||
Finance costs | 21 304 | 30 028 | 2 352 | 53 684 | 57 678 | 3 474 | (53 684) | 61 152 | |||||||
Depreciation and amortisation | 1 295 835 | 454 281 | 75 668 | 1 825 784 | 16 863 | 17 603 | (1 825 784) | 34 466 | |||||||
Impairment charges | | 519 880 | | 519 880 | | 16 982 | (519 880) | 16 982 | |||||||
Taxation | 2 382 811 | 307 279 | 32 665 | 2 722 755 | 202 382 | 38 104 | (2 722 755) | 240 486 | |||||||
Capital expenditure | 2 058 487 | 1 340 617 | 244 039 | 3 643 143 | 17 513 | 76 157 | (3 643 143) | 93 670 | |||||||
* Impairment per segment has been disclosed separately in the current year, comparatives have been included accordingly. | |||||||||||||||
Geographical information | |||||||||||||||
Geographical segment by location of customers | |||||||||||||||
An analysis of the geographical locations to which product is supplied is set out below: |
|||||||||||||||
2015 | 2014 | ||||||||||||||
Assmang | Subsidiaries | Assmang | Subsidiaries | ||||||||||||
revenue | revenue | revenue | revenue | ||||||||||||
by segment | by segment | Total | by segment | by segment | Total | ||||||||||
R’000 | R’000 | R’000 | R’000 | R’000 | R’000 | ||||||||||
Customers by locations |
|||||||||||||||
Far East | 11 467 272 | 10 744 | 11 478 016 | 19 925 709 | 13 830 | 19 939 539 | |||||||||
Europe | 3 635 509 | 3 889 | 3 639 398 | 2 648 530 | 4 700 | 2 653 230 | |||||||||
USA | 1 086 620 | 2 232 641 | 3 319 261 | 1 294 510 | 1 487 697 | 2 782 207 | |||||||||
South Africa | 3 386 259 | 1 109 557 | 4 043 876 | 822 877 | 1 387 419 | 2 210 296 | |||||||||
Other – foreign | 1 997 758 | 466 | 1 998 244 | 3 328 692 | 950 | 3 329 642 | |||||||||
Total | 21 573 418 | 3 357 297 | 24 478 795 | 28 020 318 | 2 894 596 | 30 914 914 | |||||||||
|