Consolidated segmental analysis

	2019 R’000	2018 R’000	% change
Segmental revenue
Services	20 836 950	18 968 423	9.9
Freight	6 419 165	6 074 971	5.7
Office and Print	9 434 827	9 304 937	1.4
Commercial Products	9 072 434	8 920 467	1.7
Automotive	23 441 764	24 701 500	(5.1)
Financial Services	2 700 993	2 562 848	5.4
Electrical	5 384 010	5 695 171	(5.5)
Properties	589 996	531 981	10.9
Corporate and investments	3 307 137	4 064 390	(18.6)
	81 187 276	80 824 688	0.4
Inter-group eliminations	(4 034 892)	(3 861 216)
	77 152 384	76 963 472	0.2
Segmental trading profit
Services	2 240 065	1 991 786	12.5
Freight	1 368 629	1 318 298	3.8
Office and Print	735 444	700 748	5.0
Commercial Products	616 943	710 492	(13.2)
Automotive	609 003	602 136	1.1
Financial Services	584 503	631 868	(7.5)
Electrical	257 666	300 257	(14.2)
Properties	545 354	475 639	14.7
Corporate and investments	(221 680)	(222 149)	(0.2)
	6 735 927	6 509 075	3.5
Segmental profit before finance charges and associate income
Services	2 076 760	1 865 718	11.3
Freight	1 380 281	1 399 498	(1.4)
Office and Print	691 414	631 966	9.4
Commercial Products	616 727	710 196	(13.2)
Automotive	576 932	589 789	(2.2)
Financial Services	572 141	626 218	(8.6)
Electrical	257 666	290 731	(11.4)
Properties	603 390	477 905	26.3
Corporate and investments	(892 344)	(517 824)	72.3
	5 882 967	6 074 197	(3.1)
Share-based payment expense	(190 109)	(154 986)
	5 692 858	5 919 211	(3.8)
Segmental operating assets
Services	5 210 484	5 209 904	–
Freight	6 690 921	5 728 589	16.8
Office and Print	3 333 676	3 199 313	4.2
Commercial Products	3 667 654	3 762 876	(2.5)
Automotive	5 434 875	5 783 899	(6.0)
Financial Services	6 576 227	5 502 744	19.5
Electrical	2 754 975	2 629 086	4.8
Properties	3 229 688	2 801 996	15.3
Corporate and investments	9 123 945	9 283 980	(1.7)
	46 022 445	43 902 387	4.8
Inter-group eliminations	(724 134)	(690 773)
	45 298 311	43 211 614	4.8
Segmental operating liabilities
Services	2 896 395	3 060 388	(5.4)
Freight	3 117 376	3 193 082	(2.4)
Office and Print	1 449 495	1 535 893	(5.6)
Commercial Products	1 264 762	1 296 969	(2.5)
Automotive	1 969 289	2 317 409	(15.0)
Financial Services	7 564 233	6 766 924	11.8
Electrical	796 656	914 579	(12.9)
Properties	28 082	26 402	6.4
Corporate and investments	890 312	942 513	(5.5)
	19 976 600	20 054 159	(0.4)
Inter-group eliminations	(724 134)	(690 773)
	19 252 466	19 363 386	(0.6)
Segmental depreciation
Services	496 818	476 750	4.2
Freight	260 595	293 989	(11.4)
Office and Print	115 418	124 501	(7.3)
Commercial Products	100 447	97 084	3.5
Automotive	80 854	70 994	13.9
Financial Services	221 003	212 972	3.8
Electrical	33 714	32 044	5.2
Properties	4 873	4 765	2.3
Corporate and investments	65 232	96 689	(32.5)
	1 378 954	1 409 788	(2.2)
Segmental capital expenditure
Services	573 263	558 087	2.7
Freight	737 085	860 672	(14.4)
Office and Print	87 745	89 309	(1.8)
Commercial Products	100 653	163 430	(38.4)
Automotive	99 810	121 638	(17.9)
Financial Services	378 953	294 669	28.6
Electrical	62 331	47 508	31.2
Properties	396 777	345 971	14.7
Corporate and investments	106 066	96 957	9.4
	2 542 683	2 578 241	(1.4)
Segmental amortisation and impairments on intangible assets
Services	55 400	46 705	18.6
Freight	15 572	17 437	(10.7)
Office and Print	11 712	14 131	(17.1)
Commercial Products	9 743	8 716	11.8
Automotive	7 603	5 897	28.9
Financial Services	34 304	24 802	38.3
Electrical	7 783	8 712	(10.7)
Corporate and investments	7 447	11 488	(35.2)
	149 564	137 888	8.5
Segmental goodwill and intangible assets
Services	5 229 345	4 424 966	18.2
Freight	143 355	132 398	8.3
Office and Print	368 868	282 754	30.5
Commercial Products	1 872 578	1 837 841	1.9
Automotive	283 886	272 740	4.1
Financial Services	456 200	437 710	4.2
Electrical	141 533	144 544	(2.1)
Properties	21 034	21 034	–
Corporate and investments	285 855	261 588	9.3
	8 802 654	7 815 575	12.6
Employee benefits and remuneration
Services	12 255 064	11 116 376	10.2
Freight	1 592 521	1 535 414	3.7
Office and Print	1 577 071	1 569 998	0.5
Commercial Products	1 289 268	1 230 498	4.8
Automotive	1 976 034	1 992 924	(0.8)
Financial Services	767 688	670 790	14.4
Electrical	634 626	638 332	(0.6)
Properties	17 386	23 151	(24.9)
Corporate and investments	807 824	979 345	(17.5)
	20 917 482	19 756 828	5.9
Share-based payment expense	190 109	154 986
	21 107 591	19 911 814	6.0
Number of employees
Services	93 710	99 990	(6.3)
Freight	4 623	4 284	7.9
Office and Print	6 543	6 434	1.7
Commercial Products	6 303	6 237	1.1
Automotive	5 488	5 597	(1.9)
Financial Services	1 796	1 810	(0.8)
Electrical	2 355	2 502	(5.9)
Properties	14	14	–
Corporate and investments	3 009	4 009	(24.9)
	123 841	130 877	(5.4)