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GROUP – NOTES TO THE ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER
36. SEGMENT REPORTING continued
REVENUE FROM EXTERNAL CUSTOMERS ANALYSED BY GOODS AND SERVICES
Rand million 2011 2010
Sale of products* 45,842 35,825
Shipping services 2,711 2,879
Revenue per the income statement 48,553 38,704
Reconciliation of EBIT to total profit before taxation
Total EBIT for reportable segments 33,030 25,815
Other segments (1,064) (684)
Operating profit 31,966 25,131
Net finance costs/(income) 92 (29)
Profit before taxation per the income statement 32,058 25,102
Reconciliation of reportable segments' assets to total assets
Segment assets for reportable segments 793 988
Other segments and WIP inventory 3,071 2,114
Inventory per balance sheet 3,864 3,102
Other current assets 8,311 7,975
Non-current assets 22,238 16,798
Total assets per the balance sheet 34,413 27,875
* Derived from extraction, production and selling of iron ore.
GEOGRAPHICAL ANALYSIS
Kumba is domiciled in South Africa. The result of its revenue from external customers and its non-current assets disclosed on a geographical
basis, are set out below.
Rand million 2011 2010
Revenue from external customers
South Africa 3,388 2,874
Export 45,165 35,830
China 29,904 23,112
Rest of Asia 9,274 7,465
Europe 5,450 4,896
Middle East 227 300
Americas/other 310 57
Total revenue 48,553 38,704
Non-current assets*
South Africa 21,450 16,243
China 2 2
Total non-current assets 21,452 16,245
* Excluding pre-payments, investments in associates and joint ventures and deferred tax assets.
68 Kumba Iron Ore Limited