31.

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 Limited (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:
 
  • iron ore (Iron ore division);
  • manganese ore and alloys (Manganese division); and
  • chrome and charge chrome (Chrome division).

For purposes of presenting segmental information, disclosure is made of the entire value of the information pertaining to Assmang, with the portion attributable to the other joint-venture partner (50%) shown as part of the consolidation adjustments.

Marketing and shipping
In terms of the joint-venture arrangement with Assmang, Assore and certain of its subsidiaries 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 Development Company (Proprietary) Limited and Zeerust Chrome Mines Limited, as well as the pyrophyllite and ceramic operations by Wonderstone Limited.
          Joint-venture mining and beneficiation   Marketing Other Adjustments  
    Iron ore Manganese Chrome   and mining and arising on  
    division division division Sub-total shipping beneficiation consolidation* Total
    R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000
  Year to 30 June 2011                
  Revenues                
  Third party 10 358 436 6 376 483 2 487 215 19 222 134 1 067 873 290 571 (9 400 543) 11 180 035
  Inter-segment – – – – 628 448 3 388 (631 836) –
  Total revenues 10 358 436 6 376 483 2 487 215 19 222 134 1 696 321 293 959 (10 032 379) 11 180 035
  Contribution to profit 4 650 908 1 369 738 (233 839) 5 786 807 408 983 (70 043) (2 905 992) 3 219 755
  Contribution to headline earnings 4 653 991 1 377 174 (233 844) 5 797 321 418 610 (85 333) (2 911 249) 3 219 349
  Statement of financial position                
  Consolidated total assets 15 081 498 7 862 944 1 586 128 24 530 570 5 825 316 9 816 581 (25 140 513) 15 031 954
  Other information                
  Finance income 12 448 128 537 811 141 796 61 035 1 441 (70 898) 133 374
  Finance costs 11 059 9 808 4 591 25 458 63 830 1 231 (12 729) 77 790
  Depreciation, amortisation and impairment charges 592 661 287 119 147 806 1 027 586 18 059 24 406 (523 257) 546 793
  Taxation 1 831 460 1 027 302 (84 573) 2 774 189 171 574 15 111 (1 394 350) 1 566 524
  Capital expenditure 3 225 200 656 049 216 183 4 097 432 32 637 110 228 (2 048 716) 2 191 581
  Year to 30 June 2010                
  Revenues                
  Third party 5 002 654 6 253 174 1 789 643 13 045 471 642 336 189 986 (6 312 211) 7 565 582
  Inter-segment – – – – 422 223 2 240 (424 463) –
  Total revenues 5 002 654 6 253 174 1 789 643 13 045 471 1 064 559 192 226 (6 736 674) 7 565 582
  Contribution to profit 1 436 649 1 480 222 (184 650) 2 732 221 163 318 (37 431) (1 378 584) 1 479 524
  Contribution to headline earnings 1 435 759 1 477 505 (184 649) 2 728 615 162 596 (20 225) (1 376 781) 1 494 205
  Statement of financial position                
  Consolidated total assets 8 729 631 8 921 510 1 920 523 19 571 664 5 623 226 5 245 084 (18 089 975) 12 349 999
  Other information                
  Finance income 8 425 163 057 1 016 172 498 100 863 3 715 (86 249) 190 827
  Finance costs 461 7 782 6 107 14 350 107 567 8 891 (7 175) 123 633
  Depreciation and amortisation 544 301 250 073 142 071 936 445 2 876 28 946 (450 898) 517 369
  Taxation 575 229 914 259 (59 962) 1 429 526 106 316 1 884 (714 763) 822 963
  Capital expenditure 2 304 067 743 498 288 571 3 336 136 33 596 59 425 (1 668 068) 1 761 089
   
  * Adjustments arising on consolidation mainly represent the 50% share in Assmang attributable to the other joint-venture party.
  Geographical information    
  Geographical segment by location of customers    
  An analysis of the geographical locations to which product is supplied is set out below:    
                Group Group
                revenue revenue
                by segment by segment
                2011 2010
                R’000 R’000
  Customers by locations    
  Far East 14 261 503 8 147 495
  Europe 2 097 817 2 649 638
  USA 2 068 761 1 169 836
  South Africa 2 284 831 903 112
  Other – foreign 140 163 1 322 247
  Sub-total1 20 853 075 14 192 328
  Eliminated on proportionate consolidation2 (9 673 040) (6 535 796)
                11 180 035 7 656 532
  Note:    
  There are no individual customers from whom 10% or more of revenue has been realised.    
 
1 Included in the sub-total of revenue for 2010, is revenue from one customer amounting to R2 304 million.
2 The revenue is reflected at 100%, with 50% eliminated upon its proportionate consolidation (refer note 30).
   
  Segmental analysis has not been provided with regard to capital expenditure as 99,99% of the group’s property, plant and equipment is located in the Republic of South Africa.