| |
The Group’s reportable segments are business units that offer comparable business products and services, which are separately
managed since the mobile telecommunication and data communication businesses are located in South Africa and other
countries. The segments offer a variety of telecommunication and data communication services and products.
Corporate comprises the holding companies of the Group which do not relate to specific operating segments.
South Africa comprises the segment information relating to the South African-based cellular network, service provider and other
business segments.
International comprises the segment information relating to the non-South African-based cellular networks in Tanzania,
Mozambique, Lesotho and the Democratic Republic of Congo as well as the operations of Vodacom International Limited
and Vodacom Business Africa.
| Rm |
2017 |
|
| Reconciliation of segment results |
|
|
|
|
| EBITDA |
32 898 |
|
31 238 |
|
| Depreciation and amortisation excluding acquired brands and custome rbases |
(9 798) |
|
(9 054) |
|
| Net profit/(loss) on disposal of property, plant and equipment and intangible assets |
9 |
|
(58) |
|
| EBIT |
23 109 |
|
22 126 |
|
| Acquired brand and customer base amortisation |
(161) |
|
(197) |
|
| Impairment losses |
(4) |
|
(84) |
|
| Broad-based black economic empowerment charge |
(130) |
|
(75) |
|
| Net profit from associate and joint venture |
1 507 |
|
1 |
|
| Other |
(69) |
|
(21) |
|
| Operating profit 1 |
24 252 |
|
21 750 |
|
| Rm |
|
Corporate |
South Africa |
International |
Eliminations |
Total |
|
Safaricom 2 |
|
| 2018 |
|
|
|
|
|
|
|
|
|
| Segment revenue (including inter-segment) |
|
40 |
69 967 |
17 460 |
(1 097) |
86 370 |
|
19 768 |
|
| Total segment revenue |
|
– |
71 933 |
17 918 |
– |
89 851 |
|
|
|
| Intra-segment revenue |
|
40 |
(1 966) |
(458) |
(1 097) |
(3 481) |
|
|
|
| Inter-segment revenue |
|
(40) |
(426) |
(631) |
1 097 |
– |
|
|
|
| External customer segment revenue |
|
– |
69 541 |
16 829 |
– |
86 370 |
|
19 768 |
|
| EBIT |
|
(122) |
21 124 |
2 096 |
11 |
23 109 |
|
6 799 |
|
| EBITDA |
|
(120) |
28 088 |
4 930 |
– |
32 898 |
|
9 620 |
|
| Net finance income/(charges) |
|
14 988 |
(2 531) |
1 539 |
(16 889) |
(2 893) |
|
|
|
| Taxation |
|
(171) |
(5 120) |
(980) |
(260) |
(6 531) |
|
|
|
| Other material non-cash items included in segment profit or loss: |
|
|
|
|
|
|
|
|
|
| Depreciation and amortisation |
|
(5) |
(7 091) |
(2 863) |
– |
(9 959) |
|
|
|
| Total assets |
|
|
|
|
|
|
|
|
|
| Reportable segment assets which includes: |
|
69 268 |
60 426 |
24 756 |
(23 085) |
131 365 |
|
51 000 |
|
| Additions to property, plant and equipment and intangible assets |
|
3 |
8 893 |
2 714 |
– |
11 610 |
|
|
|
| Non-current assets other than financial instruments and deferred taxation |
|
44 |
37 984 |
11 916 |
1 411 |
51 355 |
|
|
|
| Total liabilities |
|
|
|
|
|
|
|
|
|
| Reportable segment liabilities |
|
(11 216) |
(51 068) |
(15 169) |
16 740 |
(60 713) |
|
(13 179) |
|
| Notes: |
| 1 |
For a reconciliation of operating profit and net profit for the year, refer to the consolidated income statement. |
| 2 |
On 7 August 2017, the Group acquired an effective interest of 34.94% in Safaricom Public Limited Company (Safaricom), which is accounted for as an investment
in associate. Due to the significance of this investment, and the information available for review by the chief operating decision maker (CODM), Safaricom is
presented as a separate segment. The above results represent 100% of the results of Safaricom from the date of acquisition, including the impact of net fair value
adjustments on tangible and intangible assets and goodwill (Note 12). Only information reviewed by the CODM to make decisions about resources to be allocated
to the segment and to assess its performance is presented above. |
| Rm |
Corporate |
South Africa |
International |
Eliminations |
Total |
|
| 2017 |
|
|
|
|
|
|
| Segment revenue (including inter-segment) |
157 |
64 729 |
17 350 |
(958) |
81 278 |
|
| Total segment revenue |
– |
66 366 |
17 874 |
– |
84 240 |
|
| Intra-segment revenue |
157 |
(1 637) |
(524) |
(958) |
(2 962) |
|
| Inter-segment revenue |
(157) |
(314) |
(487) |
958 |
– |
|
| External customer segment revenue |
– |
64 415 |
16 863 |
– |
81 278 |
|
| EBIT |
(125) |
20 593 |
1 648 |
10 |
22 126 |
|
| EBITDA |
(122) |
26 815 |
4 545 |
– |
31 238 |
|
| Net finance income/(charges) |
12 322 |
(1 758) |
(966) |
(12 120) |
(2 522) |
|
| Taxation |
(37) |
(5 190) |
(771) |
(104) |
(6 102) |
|
| Other material non-cash items included in segment profit or loss: |
|
|
|
|
|
|
| Depreciation and amortisation |
(4) |
(6 377) |
(2 870) |
– |
(9 251) |
|
| Total assets |
|
|
|
|
|
|
| Reportable segment assets which includes: |
21 177 |
51 930 |
23 104 |
(15 073) |
81 138 |
|
| Additions to property, plant and equipment and intangible assets |
64 |
8 470 |
2 781 |
– |
11 315 |
|
| Non-current assets other than financial instruments and deferred taxation |
31 |
36 134 |
13 477 |
1 409 |
51 051 |
|
| Total liabilities |
|
|
|
|
|
|
| Reportable segment liabilities |
(6 986) |
(43 134) |
(16 413) |
8 391 |
(58 142) |
|
|