Segmental report
for the year ended 30 June 2023
| (Rand millions unless otherwise stated) | |||||||||
| Reviewed year to 30 June 2023 | Retail | Manufacturing* | Supply and Support Services* |
Franchising | Properties | Associates | Consolidation | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5 396 | 5 316 | 2 447 | – | – | – | (4 023) | 9 136 | |
| – From external customers* | 5 393 | 3 300 | 443 | – | – | – | – | 9 136 | |
| – Intersegment | 3 | 2 016 | 2 004 | – | – | – | (4 023) | – | |
| Turnover from franchise stores** | 2 366 | – | – | – | – | – | (2 366) | – | |
| Achieved gross margin | 1 948 | 1 405 | 283 | # | – | – | 263 | 3 899 | |
| Manpower costs | (336) | (586) | (225) | (12) | (8) | – | – | (1 167) | |
| Depreciation | (81) | (260) | (30) | (3) | (98) | – | – | (472) | |
| Impairment of property, plant and equipment | – | – | – | – | – | – | – | – | |
| Profit on sale of property, plant and equipment | 1 | 1 | 2 | # | # | – | – | 5 | |
| Trading profit | 553 | 771 | 252## | 356### | 386 | – | – | 2 318 | |
| Finance income | 14 | 22 | 52 | – | 33 | – | (56) | 65 | |
| Finance costs | (5) | (9) | (35) | # | (89) | – | 56 | (82) | |
| Income from associates | – | – | – | – | – | 9 | – | 9 | |
| Profit before taxation | 562 | 784 | 269 | 356 | 330 | 9 | – | 2 310 |
| * | Turnover from external customers includes sales to franchise stores. |
| ** | Franchise stores are not controlled by the Group. |
| # | Less than R1 million. |
| ## | Includes franchise income of R60 million disclosed in note 6. |
| ### | Includes royalty income of R144 million disclosed in note 6. |
| (Rand millions unless otherwise stated) | ||||||||
| Audited year to 30 June 2022 | Retail | Manufacturing* | Supply and Support Services* |
Franchising | Properties | Associates | Consolidation | Total |
| Turnover | 5 349 | 5 128 | 2 548 | – | – | – | (4 044) | 8 981 |
| – From external customers* | 5 349 | 3 052 | 580 | – | – | – | – | 8 981 |
| – Intersegment | – | 2 076 | 1 968 | – | – | – | (4 044) | – |
| Turnover from franchise stores** | 2 364 | – | – | – | – | – | (2 364) | – |
| Achieved gross margin | 1 957 | 1 565 | 300 | – | – | – | 245 | 4 067 |
| Manpower costs*** | (331) | (597) | (223) | (4) | (5) | – | – | (1 160) |
| Depreciation | (81) | (231) | (21) | # | (105) | – | – | (438) |
| Impairment of property, plant and equipment | (2) | – | – | – | – | – | – | (2) |
| Profit on sale of property, plant and equipment | 1 | # | # | # | # | – | – | 1 |
| Trading profit | 570 | 1 052 | 391## | 331### | 391 | – | (18) | 2 717 |
| Finance income | 6 | 18 | 28 | # | 13 | – | (26) | 39 |
| Finance costs | (1) | (1) | (20) | # | (67) | – | 26 | (63) |
| Income from associates | – | – | – | – | – | 7 | – | 7 |
| Profit before taxation | 575 | 1 069 | 399 | 331 | 337 | 7 | (18) | 2 700 |
| * | Turnover from external customers includes sales to franchise stores. |
| ** | Franchise stores are not controlled by the Group. |
| *** | The 2022 Segmental report has been amended to separately disclose the manpower costs which contribute a significant portion of the operating expenses |
| # | Less than R1 million. |
| ## | Includes franchise income of R61 million disclosed in note 6. |
| ### | Includes royalty income of R153 million disclosed in note 6. |