184 / 248
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2015
182
BLUE LABEL INTEGRATED ANNUAL REPORT 2015
Total
South African Distribution
2014
R’000
2014
R’000
31.
SEGMENTAL SUMMARY continued
Reconciliation of net profit for the year
to core net profit for the year
Net profit/(loss) for the year
581 193
448 915
673 188
560 053
Amortisation of intangibles raised through
business combinations net of tax
19 628
10 625
13 389
6 323
Core net profit/(loss) for the year
600 821
459 540
686 577
566 376
Core net profit/(loss) for the year
attributable to:
Equity holders of parent
596 578
460 602
684 756
558 996
Non-controlling interest
4 243
(1 062)
1 821
7 379
Non-cash items
Net profit/(loss) on sale of subsidiaries
3 691
—
—
—
Net profit on disposal of associates
18 771
—
—
—
Discounting of receivables
142 326
117 444
142 326
116 783
Discounting of payables
(165 201)
(143 882)
(165 201)
(143 882)
The segment assets and liabilities at
31 May are as follows:
Assets excluding investments in associates
and joint ventures
6 478 248
5 904 778
5 890 188
5 651 680
Investments in associates and joint ventures
548 572
598 109
—
—
Total assets
7 026 820
6 502 887
5 890 188
5 651 680
Additions to non-current assets
Property, plant and equipment
54 897
47 038
44 673
42 678
Intangible assets and goodwill
374 095
397 203
344 909
388 280
Investment in associates
51 424
—
—
—
Investment in joint ventures
30 051
—
—
—
Total liabilities
(3 108 839)
(2 978 898)
(2 781 588)
(2 838 621)
Segmental summary
The Company is domiciled in the Republic of South Africa. The result of its revenue from external
customers in South Africa is R22.044 billion (2014: R19.402 billion), and the total revenue from
external customers from other countries is nil (2014: nil).
2015
R’000
2015
R’000