Senwesbel Consolidated Financial Statements | Page 17

1.2 SEGMENTAL REVENUE AND RESULTS
GROUP
SEGMENTAL REVENUE
2020 2019
R’m R’m
SEGMENTAL PROFIT/
(LOSS)
2020 2019 **
R’m R’m
Investment activities (Senwesbel) - - (6) (6)
Financial services (Senwes Credit, Senwes Asset Finance, Certisure
Group and Molemi Sele Management)
385 348 201 168
Income from financing clients and service level agreement income 387 349 192 159
AgriRewards (2) (1) (2) ( 1)
Profit from joint ventures - - 11 10
Input Supply (Senwes Equipment, JD Implemente, Staalmeester, Falcon,
KLK Landbou Group, Hinterland Group and Bastion Lime Group)
3 533 1 485 148 30
Income from sale of goods and services rendered 3 535 1 598 220 82
Intragroup sales (1) (113) - -
AgriRewards (1) - (1) -
Finance costs - - (36) (40)
Loss from joint ventures - - (35) (12)
Market access (Senwes Grainlink, Tradevantage, Graanmakelaars,
Grainovation and ESC)
765 758 186 300
Income from commodity trading, sale of goods and services rendered * 3 872 3 003 253 340
AgriRewards (14) (16) (14) (16)
Intragroup sales (3 093) (2 229) - -
Finance costs - - (57) (32)
Profit from joint ventures - - 4 8
Normal operational activities 4 683 2 591 529 492
Corporate 120 96 (91) (100)
Income from service level agreement and corporate fees 90 66 3 15
Interest income from joint ventures 30 30 30 32
Finance costs - - 1 (8)
Corporate costs - - (125) (139)
Total revenue 4 803 2 687 - -
Profit before tax 438 392
Taxation
(110) ( 115)
Profit after tax 328 277
* More than 10% of revenue from services rendered was not derived from any specific business partner(s) (2019: R302 million, from
two business partners).
** Change in presentation of finance costs and cost of sales. Refer to note 35.
1.3 NET SEGMENTAL ASSETS
GROUP
ASSETS LIABILITIES NET
2020
R’m
2019
R’m
2020
R’m
2019
R’m
2020
R’m
2019
R’m
Financial services 4 107 3 800 (2 529) (2 044) 1 578 1 756
Input supply * 1 949 865 (1 240) ( 548) 709 317
Market access 2 222 1 882 (1 048) ( 786) 1 174 1 096
Total operations 8 278 6 547 (4 817) (3 378) 3 461 3 169
Corporate 757 212 (508) (214) 249 (2)
Investment activities - - (20) (31) (20) (31)
Total segmental assets/(liabilities) 9 035 6 759 (5 345) (3 623) 3 690 3 136
Deferred tax 30 24 (319) (310) (289) (286)
Total 9 065 6 783 (5 664) (3 933) 3 401 2 850
* Assets include the investment in the Hinterland joint venture of R72 million (2019: R98 million).
Senwesbel Limited Reg no: 1996/017629/06 SENWESBEL ANNUAL FINANCIAL STATEMENTS 2020 16