Senwes Annual Financial Statements 2022 | Page 22

The Senwes Group operates in South Africa only .

GROUP

2022 R ' m

2021 R ' m

2022 R ' m

2021 R ' m

SEGMENTAL REVENUE

SEGMENTAL PROFIT /( LOSS )

Financial Services ( Agri Credit Solutions , Certisure Group , SS Wealth Planning , KLK Credit ,

Raddix Group and Molemi Sele Management )

380

309

153

146

Income from financing clients , insurance brokerage and service level agreement income

382

311

151

141

AgriRewards

( 2 )

( 2 )

( 2 )

( 2 )

Profit from joint ventures

-

-

4

7

Input Supply ( Senwes Equipment , JD Implemente , Staalmeester , Senwes Equip Holdings ,

Hinterland Group , Falcon , KLK Landbou Group ( Retail and Fuel ), Agrinet and Protek )

8,095

5,534

481

318

Income from sale of goods and services rendered

8,107

5,549

525

342

AgriRewards

( 7 )

( 2 )

( 6 )

( 2 )

Intragroup sales

( 5 )

( 13 )

-

-

Finance costs

-

-

( 38 )

( 26 )

Profit from joint venture and associates

-

-

-

4

Market Access ( Senwes Grainlink , Grainovation and ESC )

1,162

440

325

213

Income from commodity trading , sale of goods and services rendered *

1,185

765

399

304

AgriRewards

( 23 )

( 24 )

( 27 )

( 24 )

Intragroup sales

-

( 301 )

-

-

Finance costs

-

-

( 49 )

( 60 )

Profit /( loss ) from joint ventures

-

-

2

( 7 )

Processing , Conditioning and Markets ( Senwes Seed , Carpe Diem Raisins Group , KLK Feedlot ,

Abattoirs and Auctioneering , Africum Mills , Botselo Mills , SA Dorper , Bastion Lime Group and

NviroTek Laboratories )

1,224

1,108

101

133

Income from sale of goods and services rendered

1,224

1,108

89

123

Finance costs

-

-

( 7 )

-

Profit from joint venture and associate

-

-

19

10

Normal operational activities

10,861

7,391

1,060

810

Corporate

20

72

( 190 )

( 61 )

Income from service level agreement and other corporate fees

20

47

6

13

Interest income from joint ventures

-

25

-

25

Finance costs

-

-

( 7 )

( 14 )

Corporate costs

-

-

( 134 )

( 162 )

Consolidation , abnormal and sundry items

-

-

( 55 )

77

Total revenue

10,881

7,463

Profit before tax

870

749

Tax

( 202 )

( 176 )

Profit after tax ( before non-controlling interest )

668

573

Non-controlling interest

( 67 )

( 69 )

Profit after tax ( after non-controlling interest )

601

504

* More than 10 % of revenue from services rendered was not derived from any specific business partner ( s ). ( 2021 : More than 10 % of revenue from services

rendered was not derived from any specific business partner ( s )).

GROUP

2022 R ' m

2021 R ' m

2022 R ' m

2021 R ' m

2022 R ' m

2021 R ' m

ASSETS

LIABILITIES

NET

Financial Services

5,063

4,718

( 2,911 )

( 2,692 )

2,152

2,026

Input Supply

3,152

3,320

( 2,294 )

( 2,718 )

858

602

Market Access

2,030

1,481

( 1,379 )

( 1,143 )

651

338

Processing , Conditioning and Markets

502

530

( 326 )

( 110 )

176

420

Total operations

10,747

10,049

( 6,910 )

( 6,663 )

3,837

3,386

Corporate

268

253

( 221 )

( 214 )

47

39

Total segmental assets /( liabilities )

11,015

10,302

( 7,131 )

( 6,877 )

3,884

3,425

Deferred tax

96

148

( 240 )

( 260 )

( 144 )

( 112 )

Total

11,111

10,450

( 7,371 )

( 7,137 )

3,740

3,313

( 0 )

# REF !

0

# REF !

( 0 )

# REF !

1.4

Segmental disclosable items

GROUP

2022 R ' m

2021 R ' m

2022 R ' m

2021 R ' m

2022 R ' m

2021 R ' m

CAPITAL EXPENDITURE

DEPRECIATION ON PPE

NON-CASH TRANSACTIONS *

Financial Services

( 8 )

34

( 3 )

( 2 )

19

( 1 )

Input Supply

( 126 )

( 17 )

( 40 )

( 18 )

43

( 7 )

Market Access

( 66 )

( 123 )

( 62 )

( 56 )

44

73

Processing , Conditioning and Markets

( 30 )

( 70 )

( 24 )

( 23 )

1

( 1 )

Corporate

( 53 )

( 12 )

( 13 )

( 23 )

25

-

Total

( 283 )

( 188 )

( 142 )

( 122 )

132

64

* Non-cash transactions consist of provisions made .