12
NOTES
3.2 Change in shareholding: Prodist (Pty) Ltd
During the period under review, LRB sold its 25% shareholding in
Prodist (Pty) Ltd to Hinterland SA (Pty) Ltd. This resulted in Hinterland
SA (Pty) Ltd holding a 100% interest in Prodist (Pty) Ltd.
4. OPERATING SEGMENTS
SEGMENTAL REVENUE
Information on reportable segments
Financial services (Senwes Credit, Senwes Asset
Finance, Certisure group)
Income from financing clients and service level
agreement income
6 MONTHS
ENDED
31 OCTOBER
2018
R’m 2017
R’m 2018
R’m
162
164 160
160 321
324
(2)
AgriRewards
- (3)
- - -
- - -
832 775 1 425
894 815 1 548
(1) - -
(61) (40) (123)
- - -
- - -
4 097
5 154 3 841
6 389 7 690
11 384
Finance costs
Profit from joint ventures
Input supply (Senwes Equipment, JD Implemente,
Staalmeester, Hinterland group and Bastion Lime
group)
Income/(loss) from sale of goods and services
rendered
AgriRewards
Intragroup sales
Finance costs
Loss from joint ventures
Market access (Senwes Grainlink, Tradevantage,
Senwes Graanmakelaars, Grainovation and ESC)
Income from commodity trading, sale of goods
and services rendered
AgriRewards
Intragroup sales
Finance costs
- (25)
(1 044) (2 548) (3 669)
- - -
- - -
5 091 4 776 9 436
50 68 104
36 50 73
14 18 31
- - -
- - -
5 141 4 844 9 540
(13)
Profit from joint ventures
Normal operational activities
Corporate activities, including finance costs
Income from services level agreements
Interest income from joint ventures
Finance costs
Corporate costs
Total revenue
12 MONTHS
ENDED
30 APRIL
Profit before tax
Taxation
Profit after tax
Non-controlling interest
Profit after tax and non-controlling interest
5. ACQUISITION AND DISPOSAL OF PROPERTY,
PLANT AND EQUIPMENT
During the six months ended 31 October 2018 the group acquired
property, plant and equipment of R113,9 million. Property, plant
and equipment with a book value of R0,6 million were disposed of
during the same period.
senwes interim results 31 october 2018