AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
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BUSINESS SEGMENT RESULTS (R’millions)<br />
Agri Services<br />
Retail and<br />
equipment<br />
Grain<br />
management<br />
R'million<br />
2012<br />
Rm<br />
2011<br />
Rm<br />
2012<br />
Rm<br />
2011<br />
Rm<br />
Revenue 2 274 1 486 492 396<br />
– Sale of goods and services 2 273 1 483 492 396<br />
– Interest 1 3 – –<br />
Operating profit/(loss) (before items<br />
listed below)* 97 16 239 192<br />
Other amounts included in operating profit (9) (7) (19) (17)<br />
– other operating income – – – –<br />
– depreciation and amortisation (9) (7) (19) (17)<br />
Operating profit/(loss) 88 9 220 175<br />
Other items of profit and loss 7 – 1 1<br />
– fair value adjustment to disposal group assets – – – –<br />
– share of profit/(loss) of associates 7 – 1 1<br />
Profit/(loss) before finance costs 95 9 221 176<br />
Net finance costs* (26) (20) (27) (8)<br />
Profit/(loss) before income tax 69 (11) 194 168<br />
Income tax<br />
Profit after tax<br />
Assets 2 039 1 406 1 094 961<br />
Non-current assets* 225 244 419 401<br />
Other current assets* 1 345 757 208 183<br />
Trade and other receivables 427 357 462 280<br />
Cash and cash equivalents 42 48 5 97<br />
Liabilities 708 458 424 406<br />
Non-current liabilities 4 3 6 2<br />
Other current liabilities 679 444 418 404<br />
Borrowings to finance trade receivables – – – –<br />
Call loans and bank overdrafts 25 11 – –<br />
Capital expenditure 75 22 47 39<br />
* Prior year information has been reclassified. Refer to note 11.<br />
page 5<br />
Audited condensed consolidated financial results for the year ended 30 June 2012 and cash dividend declaration
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