Primary (business units) and secondary (geographical) segment report

for the six months ended 31 August 2018

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Note Unaudited
six months
ended
31 August
2018
R000
Unaudited
six months
ended
31 August
2017
R000
%
change
Audited
year
ended
28 February
2018
R000
Revenue                       
Brands^          432 172     414 984 4.1 851 021  
   Leading brands         366 502     350 354 4.6 722 172  
   Signature brands          65 670     64 630 1.6 128 849  
Supply Chain          2 253 880     2 101 201 7.3 4 327 642  
   Manufacturing        1 466 108 1 377 435 6.4 2 850 530
   Logistics 1 955 194 1 830 534 6.8 3 779 812
   Eliminations (1 167 422) (1 106 768) (5.5) (2 302 700)
Corporate 13 276 1 448 10 878
South Africa 2 699 328 2 517 633 7.2 5 189 541
International 884 287 883 562 0.1 1 833 554
   United Kingdom (UK) 749 055 760 536 (1.5) 1 580 947
      Gourmet Burger Kitchen (GBK) 691 608 711 933 (2.9) 1 476 544
      Wimpy 57 447 48 603 18.2 104 403
   Rest of Africa and Middle East (AME) 135 232 123 026 9.9 252 607
Total 3 583 615 3 401 195 5.4 7 023 095
Operating profit before non-operational items
Brands^ 222 476 202 471 9.9 431 170
   Leading brands 218 605 193 243 13.1 411 737
   Signature brands 3 871 9 228 (58.1) 19 433
Supply Chain 256 036 221 105 15.8 509 114
   Manufacturing 203 008 184 342 10.1 405 171
   Logistics 53 028 36 763 44.2 103 943
Corporate^ (44 173) (30 265) (46.0) (49 873)
   Share-based payment charge (18 434) (18 763) 1.8 (26 600)
   Foreign exchange movement 10 297 (4 556) 326.0 (3 470)
   Consolidation entries (7 578) (6 097) (24.3) (12 160)
   Corporate administration charges* (28 458) (849) (3 251.9 (7 643)
South Africa 434 339 393 311 10.4 890 411
International (12 545) 12 771 (198.2) (153)
   UK (36 853) (6 333) (481.9) (44 671)
      GBK (45 384) (14 687) (209.0) (59 977)
      Wimpy 8 531 8 354 2.1 15 306
   AME 24 308 19 104 27.2 44 518
Total 421 794 406 082 3.9 890 258
UK (68 592)
   Impairment 9 (68 592)
Corporate (965 432) (214 050) (758 315)
   Impairment 9 (873 925) (304 000)
   Net finance costs (105 783) (138 146) (251 345)
   Share of profit of associates 157 1 726 3 906
   Tax 14 119 (77 630) (206 876)
(Loss)/profit for the period (543 638) 192 032 (383.1) 63 351
* Corporate administration costs include internal audit, Board fees, corporate finance, CEO, other head office costs not relevant to operations and operating profit from Design HQ.
^ This additional disclosure has not previously been provided, and hence the split for the year ended 28 February 2018 is unaudited.
Note Unaudited
six months
ended
31 August
2018
%
Unaudited
six months
ended
31 August
2017
%
%
change
Audited
year
ended
28 February
2018
%
Operating margins        
Brands 51.5 48.8 2.7 50.7
   Leading brands 59.6 55.2 4.4 57.0
   Signature brands 5.9 14.3 (8.4) 15.1
Supply Chain 11.4 10.5 0.9 11.8
   Manufacturing 13.8 13.4 0.4 14.2
   Logistics 2.7 2.0 0.7 2.7
South Africa 16.1 15.6 0.5 17.2
International (1.4) 1.4 (2.8)
   UK (4.9) (0.8) (4.1) (2.8)
      GBK (6.6) (2.1) (4.5) (4.1)
      Wimpy 14.9 17.2 (2.3) 14.7
   AME 18.0 15.5 2.5 17.6
Total  11.8 11.9 (0.1) 12.7