2021 |
2020 |
2021 |
2020 |
R ' m |
R ' m |
R ' m |
R ' m |
Investment activities ( Agribel ) |
- |
- |
( 5 ) |
( 6 ) |
||||||
Financial Services ( Senwes Credit , Senwes Asset Finance , Certisure Group and Molemi Sele ) |
307 |
385 |
121 |
201 |
||||||
Income from financing clients and service level agreement income |
309 |
387 |
138 |
192 |
||||||
AgriRewards |
( 2 ) |
( 2 ) |
( 2 ) |
( 2 ) |
||||||
Certisure investment impairment |
- |
- |
( 22 ) |
- |
||||||
Profit from joint ventures |
- |
- |
7 |
11 |
||||||
Input Supply ( Senwes Equipment , JD Implemente , Staalmeester , Falcon , KLK Landbou , |
||||||||||
Hinterland Group and Bastion Lime Group ) |
6 685 |
3 533 |
584 |
148 |
||||||
Income from sale of goods and services rendered |
6 687 |
3 535 |
446 |
164 |
||||||
Intragroup sales |
- |
( 1 ) |
- |
- |
||||||
AgriRewards |
( 2 ) |
( 1 ) |
( 2 ) |
( 1 ) |
||||||
Gain on bargain purchase of acquisitions |
- |
- |
124 |
56 |
||||||
Gain on disposal of investment in joint venture |
- |
- |
28 |
- |
||||||
Finance costs |
- |
- |
( 26 ) |
( 36 ) |
||||||
Loss from joint ventures |
- |
- |
14 |
( 35 ) |
||||||
Market Access ( Senwes Grainlink , Tradevantage , Graanmakelaars , Grainovation and ESC ) |
508 |
765 |
215 |
186 |
||||||
Income from commodity trading , sale of goods and services rendered * |
839 |
3 872 |
308 |
253 |
||||||
AgriRewards |
( 24 ) |
( 14 ) |
( 24 ) |
( 14 ) |
||||||
Intragroup sales |
( 307 ) |
( 3 093 ) |
- |
- |
||||||
Finance costs |
- |
- |
( 62 ) |
( 57 ) |
||||||
Profit from joint ventures |
- |
- |
( 7 ) |
4 |
||||||
Normal operational activities |
7 500 |
4 683 |
915 |
529 |
||||||
Corporate |
75 |
120 |
( 149 ) |
( 91 ) |
||||||
Income from service level agreement and corporate fees |
50 |
90 |
13 |
3 |
||||||
Interest income from joint ventures |
25 |
30 |
25 |
30 |
||||||
Finance costs |
- |
- |
( 14 ) |
1 |
||||||
Corporate costs |
- |
- |
( 173 ) |
( 125 ) |
||||||
Total revenue |
7 575 |
4 803 |
||||||||
Profit before tax |
766 |
439 |
||||||||
Taxation |
( 178 ) |
( 110 ) |
||||||||
Profit after tax |
588 |
329 |
||||||||
Non-controlling interest |
( 290 ) |
( 165 ) |
||||||||
Profit after tax ( after non-controlling interest ) |
298 |
164 |
||||||||
1.3 Net segmental assets |
||||||||||
GROUP | ||||||||||
ASSETS * |
LIABILITIES |
NET |
|||
2021 |
2020 |
2021 |
2020 |
2021 |
2020 |
R ' m |
R ' m |
R ' m |
R ' m |
R ' m |
R ' m |
Financial services |
4 718 |
4 107 |
( 2 692 ) |
( 2 529 ) |
2 026 |
1 578 |
Input supply * |
3 870 |
1 949 |
( 2 819 ) |
( 1 240 ) |
1 051 |
709 |
Market access |
2 205 |
2 222 |
( 1 143 ) |
( 1 048 ) |
1 062 |
1 174 |
Total operations |
10 793 |
8 278 |
( 6 654 ) |
( 4 817 ) |
4 139 |
3 461 |
Corporate |
256 |
757 |
( 196 ) |
( 508 ) |
60 |
249 |
Investment activities |
- |
- |
( 376 ) |
( 20 ) |
( 376 ) |
( 20 ) |
Total segmental assets /( liabilities ) |
11 049 |
9 035 |
( 7 226 ) |
( 5 345 ) |
3 823 |
3 690 |
Deferred tax |
141 |
30 |
( 466 ) |
( 319 ) |
( 325 ) |
( 289 ) |
Total |
11 190 |
9 065 |
( 7 692 ) |
( 5 664 ) |
3 498 |
3 401 |
* Assets include the net investment in Hinterland joint venture of Rnil ( 2020 : R72 million ). | ||||||
1.4 Segmental disclosable items | ||||||
DEPRECIATION |
NON-CASH TRANSACTIONS * |
||
2021 R ' m |
2020 R ' m |
2021 R ' m |
2020 R ' m |
Financial Services |
34 |
- |
( 2 ) |
- |
( 1 ) |
( 4 ) |
Input Supply |
( 87 ) |
( 53 ) |
( 41 ) |
( 19 ) |
( 8 ) |
( 15 ) |
Market Access |
( 123 ) |
( 170 ) |
( 56 ) |
( 48 ) |
76 |
( 1 ) |
Corporate |
( 12 ) |
( 45 ) |
( 23 ) |
( 20 ) |
- |
( 2 ) |
Total |
( 188 ) |
( 268 ) |
( 122 ) |
( 87 ) |
67 |
( 22 ) |
* Non-cash transactions consist of provisions made . |