182 / 248
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
180
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
31.
SEGMENTAL SUMMARY
The Group’s segment reporting follows the organisational structure as reflected in its internal
management reporting systems, which are the basis for assessing the financial performance of the
business segments and for allocating resources to these segments. Management’s assessment of the
Group’s organisational structure takes the geographical location of the segments into account.
Operating segments are reported internally to the chief operating decision-maker in a manner
consistent with the financial statements. In addition, the chief operating decision-maker uses core net
profit as a non-IFRS measure in evaluating the Group’s performance on a segmental level. The chief
operating decision-maker, who is responsible for allocating resources and assessing performance of
the operating segments, has been identified as the executive directors, who are responsible for
making strategic decisions on behalf of the Group.
Transactions between reportable segments are conducted on similar terms as other transactions of a
similar nature.
The segment results for the year ended 31 May are as follows:
Total
South African Distribution
2014
R’000
2014
R’000
Total segment revenue
27 780 173
25 354 475
27 364 493
24 837 763
Inter-segment revenue
(5 735 951)
(5 952 809)
(5 706 602)
(5 734 111)
Revenue
22 044 222
19 401 666
21 657 891
19 103 652
Segment result
Operating profit/(loss) before depreciation,
amortisation and impairment charges
1 080 165
787 993
1 038 252
821 310
Depreciation and amortisation
(89 112)
(62 175)
(72 649)
(48 401)
Impairment of property, plant and
equipment
—
(128)
—
—
Impairment of intangible assets
—
(1 073)
—
—
Impairment of loans
(4 907)
(1 761)
(219)
(1 487)
Finance costs
(233 165)
(166 876)
(225 994)
(165 647)
Finance income
173 047
156 250
156 703
140 942
Share of (losses)/profits from associates and
joint ventures
(79 338)
(56 873)
—
—
Taxation
(265 497)
(206 442)
(222 905)
(186 664)
Net profit/(loss) for the year
581 193
448 915
673 188
560 053
2015
R’000
2015
R’000