NOTES TO SEGMENTAL REVIEW SEGMENTAL REVENUE AND RESULTS
SEGMENT REVENUE
2021 R ’ m
GROUP
2020 R ’ m
SEGMENT PROFIT /( LOSS )
2021 R ’ m
2020 R ’ m
Investment activities ( Agribel ) - - ( 5 ) ( 6 )
Financial services ( Agri Credit Solutions , Certisure Group and Molemi Sele Management )
307 385 121 200
Income from financing clients and SLA income 309 387 138 191 AgriRewards ( 2 ) ( 2 ) ( 2 ) ( 2 ) Finance costs - - ( 22 ) -
Profit from joint ventures |
- |
- |
7 |
11 |
Input supply ( Senwes Equipment , JD Implemente , Staalmeester , Falcon , KLK Landbou , Hinterland Group and |
6 685 |
3 533 |
584 |
149 |
Bastion Lime Group ) |
|
|
|
|
Income from sale of goods and services rendered |
6 687 |
3 535 |
446 |
220 |
Intragroup sales - ( 1 ) - - AgriRewards ( 2 ) ( 1 ) ( 2 ) - Gain on bargain purchase of acquisitions - - 124 - 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 50 90 13 3 Interest income from joint ventures 25 30 25 31 Finance income /( costs ) - - ( 14 ) 1 Corporate costs - - ( 173 ) ( 125 ) Total revenue 7 575 4 803 Profit before tax 766 438
Taxation |
( 178 ) |
( 110 ) |
Profit after tax |
588 |
329 |
Non-controlling interest |
( 290 ) |
( 165 ) |
Profit after tax ( after non-controlling interest ) |
298 |
164 |
Agribel Holdings Limited Reg nr : 1996 / 017629 / 0 AGRIBEL HOLDINGS CONDENSED ANNUAL REPORT 2021
14