Segmental information
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Joint venture mining and beneficiation | ||||||
R‘000 | Iron ore | Manganese | Chrome | Sub-total | ||
Half-year ended 31 December 2018 – Reviewed | ||||||
Revenues by source | ||||||
Third party | 9 110 948 | 7 178 070 | – | 16 289 018 | ||
Inter-segment | – | – | – | – | ||
Total revenues | 9 110 948 | 7 178 070 | – | 16 289 018 | ||
Revenues from contracts with customers: | 8 603 078 | 7 168 880 | – | 15 771 958 | ||
Cost, insurance and freight (CIF) and cost and freight (CFR) | 4 254 863 | 4 912 382 | – | 9 167 245 | ||
Free on board (FOB) and free carrier (FCA) | 4 348 215 | 2 256 498 | – | 6 604 713 | ||
Commissions | – | – | – | – | ||
Other revenues3 | 294 984 | 9 190 | – | 304 174 | ||
Fair value adjustments to contract revenues2 | 212 886 | – | – | 212 886 | ||
Total revenues | 9 110 948 | 7 178 070 | 16 289 018 | |||
Contribution to profit | 2 431 917 | 1 853 903 | (7 021) | 4 278 799 | ||
Impairment of financial and non-financial assets | – | 28 264 | – | 28 264 | ||
Half-year ended 31 December 2017 – Unaudited | ||||||
Revenues | ||||||
Third party | 7 900 942 | 5 962 454 | 82 860 | 13 946 256 | ||
Inter-segment | – | – | – | – | ||
Total revenues | 7 900 942 | 5 962 454 | 82 860 | 13 946 256 | ||
Revenues from contracts with customers: | 7 640 328 | 5 962 454 | 82 860 | 13 685 642 | ||
Cost, insurance and freight (CIF) and cost and freight (CFR) | 3 417 145 | 3 254 457 | 81 782 | 6 753 384 | ||
Free on board (FOB) and free carrier (FCA) | 4 223 183 | 2 707 997 | 1 078 | 6 932 258 | ||
Commissions | – | – | – | – | ||
Other revenues3 | 321 216 | – | – | 321 216 | ||
Fair value adjustments to contract revenues2 | (60 602) | – | – | (60 602) | ||
Total revenues | 7 900 942 | 5 962 454 | 82 860 | 13 946 256 | ||
Contribution to profit | 1 745 668 | 1 743 077 | (18 536) | 3 470 209 | ||
Impairment of financial and non-financial assets | – | – | – | – |
R‘000 | Dwarsrivier | Marketing and shipping |
Other mining activities, eliminations and adjustments1 |
Consolidated | |
Half-year ended 31 December 2018 – Reviewed | |||||
Revenues by source | |||||
Third party | 1 852 017 | 2 041 156 | (16 234 629) | 3 947 562 | |
Inter-segment | – | 64 045 | (64 045) | – | |
Total revenues | 1 852 017 | 2 105 201 | (16 298 674) | 3 947 562 | |
Revenues from contracts with customers: | 1 800 306 | 1 805 344 | (15 771 958) | 3 605 650 | |
Cost, insurance and freight (CIF) and cost and freight (CFR) | 88 026 | – | (9 167 245) | 88 026 | |
Free on board (FOB) and free carrier (FCA) | 1 712 280 | 1 244 9214 | (6 604 713) | 2 957 201 | |
Commissions | – | 560 423 | – | 560 423 | |
Other revenues3 | 51 711 | 299 857 | (313 830) | 341 912 | |
Fair value adjustments to contract revenues2 | – | – | (212 886) | – | |
Total revenues | 1 852 017 | 2 105 201 | (16 298 674) | 3 947 562 | |
Contribution to profit | 274 853 | 503 396 | (2 125 046) | 2 932 002 | |
Impairment of financial and non-financial assets | – | – | (14 132) | 14 132 | |
Half-year ended 31 December 2017 – Unaudited | |||||
Revenues | |||||
Third party | 1 981 955 | 1 862 603 | (13 949 226) | 3 841 588 | |
Inter-segment | – | 69 182 | (69 182) | – | |
Total revenues | 1 981 955 | 1 931 785 | (14 018 408) | 3 841 588 | |
Revenues from contracts with customers: | 1 949 026 | 1 613 466 | (13 685 642) | 3 562 492 | |
Cost, insurance and freight (CIF) and cost and freight (CFR) | 800 601 | – | (6 753 384) | 800 601 | |
Free on board (FOB) and free carrier (FCA) | 1 148 425 | 1 155 2924 | (6 932 258) | 2 303 717 | |
Commissions | – | 458 174 | – | 458 174 | |
Other revenues3 | 32 929 | 318 319 | (393 368) | 279 096 | |
Fair value adjustments to contract revenues2 | – | – | 60 602 | – | |
Total revenues | 1 981 955 | 1 931 785 | (14 018 408) | 3 841 588 | |
Contribution to profit | 440 045 | 375 774 | (1 804 283) | 2 481 746 | |
Impairment of financial and non-financial assets | – | – | (21 564) | (21 564) |
Other mining activities include the group’s pyrophyllite and related business and the remainder of its operations.
Notes: | |
1 | The majority of adjustments to revenues give effect to joint venture revenues, which are not disclosed as Assmang is equity accounted. |
2 | Provisional to final price adjustments. |
3 | Mainly dividends and interest. |
4 | Local sales made by Minerais US LLC in the USA. |