| % change in total | ||||||||||||
| 2022
Reviewed |
2021
Audited |
|||||||||||
| Rm | Total | EE | ICT | AE | Other | Total | EE | ICT | AE | Other | ||
| Revenue1 | ||||||||||||
| Segment revenue | 11 237 | 6 266 | 2 599 | 2 361 | 11 | 9 905 | 5 551 | 2 490 | 1 854 | 10 | 13 | |
| Adjusted for revenue from equity-accounted joint ventures and associates | (108) | (94) | – | (7) | (7) | (330) | (294) | (25) | (5) | (6) | ||
| Revenue | 11 129 | 6 172 | 2 599 | 2 354 | 4 | 9 575 | 5 257 | 2 465 | 1 849 | 4 | ||
| Revenue as reported in the statement of profit or loss | 11 129 | 9 575 | 16 | |||||||||
| Segment revenue – % of total | 100 | 56 | 23 | 21 | – | 100 | 56 | 25 | 19 | – | ||
| Segment revenue – % change over prior year | 13 | 4 | 27 | 10 | ||||||||
| Analysis of revenue | ||||||||||||
| Category of revenue | ||||||||||||
| Products | 9 262 | 6 026 | 1 478 | 1 758 | – | 7 632 | 5 138 | 1 340 | 1 154 | – | ||
| Services | 1 504 | 146 | 789 | 569 | – | 1 575 | 119 | 785 | 671 | – | ||
| 10 766 | 6 172 | 2 267 | 2 327 | – | 9 207 | 5 257 | 2 125 | 1 825 | – | |||
| Timing of revenue recognition | ||||||||||||
| Revenue recognised at a point in time | 9 333 | 6 135 | 1 612 | 1 586 | – | 7 911 | 5 189 | 1 574 | 1 148 | – | ||
| Revenue recognised over time | 1 433 | 37 | 655 | 741 | – | 1 296 | 68 | 551 | 677 | – | ||
| 10 766 | 6 172 | 2 267 | 2 327 | – | 9 207 | 5 257 | 2 125 | 1 825 | – | |||
| Other revenue | ||||||||||||
| Interest recognised on lease and loan receivables | 332 | – | 332 | – | – | 340 | – | 340 | – | – | ||
| Rental revenue | 31 | – | – | 27 | 4 | 28 | – | – | 24 | 4 | ||
| Total revenue | 11 129 | 6 172 | 2 599 | 2 354 | 4 | 9 575 | 5 257 | 2 465 | 1 849 | 4 | ||
| Revenue by geography | ||||||||||||
| South Africa | 7 810 | 4 011 | 2 451 | 1 344 | 4 | 6 942 | 3 447 | 2 365 | 1 126 | 4 | ||
| Rest of Africa (excluding South Africa) | 1 814 | 1 584 | 99 | 131 | – | 1 468 | 1 310 | 100 | 58 | – | ||
| Asia | 650 | 51 | – | 599 | – | 477 | 58 | – | 419 | – | ||
| Australia | 241 | 204 | – | 37 | – | 218 | 189 | – | 29 | – | ||
| Europe | 385 | 129 | 48 | 208 | – | 276 | 95 | – | 181 | – | ||
| America | 229 | 193 | 1 | 35 | – | 194 | 158 | – | 36 | – | ||
| Total revenue | 11 129 | 6 172 | 2 599 | 2 354 | 4 | 9 575 | 5 257 | 2 465 | 1 849 | 4 | ||
| 1 | Inter-segment revenue has been eliminated, however, it is immaterial and has not been separately disclosed. |
| % change in total | |||||||||||||
| 2022 Reviewed |
2021 Audited |
||||||||||||
| Rm | Note | Total | EE | ICT | AE | Other | Total | EE | ICT | AE | Other | ||
| Operating profit | |||||||||||||
| Segment operating profit/(loss)1 | 1 140 | 436 | 644 | 164 | (104) | 986 | 373 | 608 | 100 | (95) | 16 | ||
| Adjusted for operating loss/(profit) from equity-accounted joint ventures and associates | 10 | 11 | – | 5 | (6) | (4) | 5 | (2) | (1) | (6) | |||
| Profit on disposal of property, plant and equipment and intangible assets | 3 | 1 | – | – | 1 | – | 12 | 3 | – | 3 | 6 | ||
| Impairment of non-financial assets | |||||||||||||
| Impairment of property, plant and equipment | 3 | – | – | – | – | – | (1) | – | – | (1) | – | ||
| Fair value remeasurements | |||||||||||||
| Gain on investment at fair value through profit or loss | 3 | 6 | 6 | – | – | – | 103 | 103 | – | – | – | ||
| Gain on contingent consideration | 3 | 3 | – | – | 3 | – | 13 | – | – | 13 | – | ||
| Gain on option contract | 3 | 16 | – | – | 16 | – | 41 | – | – | 41 | – | ||
| Gain/(loss) on option contract | 3 | 59 | – | – | 59 | – | (92) | – | – | (92) | – | ||
| Gain on put option liability | 3 | 1 | – | – | 1 | – | – | – | – | – | – | ||
| Financial guarantee cost | 3 | (4) | – | – | – | (4) | – | – | – | – | – | ||
| Profit on disposal of associate | 3 | – | – | – | – | – | 1 | – | 1 | – | – | ||
| Loss on disposal of subsidiary | 3 | – | – | – | – | – | (1) | – | (1) | – | – | ||
| Expenses arising from share-based payment transactions | 3 | (6) | – | – | – | (6) | (7) | – | (6) | (1) | – | ||
| Operating profit/(loss) before impairment of financial assets | 1 226 | 453 | 644 | 249 | (120) | 1 051 | 484 | 600 | 62 | (95) | |||
| Reversal of Impairment/ (impairment) of financial assets | |||||||||||||
| Credit write-off | 3 | (13) | (3) | (9) | (1) | – | (20) | (8) | (9) | (3) | – | ||
| Expected credit losses | 3 | 18 | 24 | 9 | (12) | (3) | 19 | (23) | 29 | 13 | – | ||
| Operating profit/(loss) | 1 231 | 474 | 644 | 236 | (123) | 1 050 | 453 | 620 | 72 | (95) | |||
| Operating profit as reported in the statement of profit or loss | 1 231 | 1 050 | 17 | ||||||||||
| Segment operating profit/(loss) – % of total | 100 | 39 | 56 | 14 | (9) | 100 | 38 | 62 | 10 | (10) | |||
| Segment operating profit/(loss) – % change over prior year | 17 | 6 | 64 | 9 | |||||||||
| 1 | he net interest charged on Group funding provided to the Group’s in-house finance operation has been eliminated in line with IFRS 10 – Consolidated Financial Statements. The interest eliminated amounted to R137 million (2021: Rnil). Should this operation be externally funded, this would result in a reduction of ICT’s operating profit by the quantum of the external interest paid. |
| 2022 | 2021 | |||
| Rm | Reviewed | % of total | Audited | % of total |
| Total assets | ||||
| EE | 2 893 | 26 | 2 708 | 26 |
| ICT | 4 277 | 39 | 4 334 | 42 |
| AE | 3 284 | 31 | 2 755 | 27 |
| Other | 478 | 4 | 540 | 5 |
| Total assets as reported in the statement of financial position1 | 10 932 | 100 | 10 337 | 100 |
| Total liabilities | ||||
| EE | 1 362 | 36 | 1 246 | 35 |
| ICT | 769 | 21 | 834 | 23 |
| AE | 991 | 26 | 839 | 24 |
| Other | 620 | 17 | 636 | 18 |
| Total liabilities as reported in the statement of financial position1 | 3 742 | 100 | 3 555 | 100 |
| 1 | Intercompany receivables, payables and loans have been eliminated in line with the consolidation principles of IFRS. |
PRELIMINARY REVIEWED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS - PDF