Segmental report
for the six months ended 31 December 2022
| (Rand millions unless otherwise stated) | |||||||||
| Reviewed six months to 31 December 2022 | Retail | Manufacturing* | Supply and Support Services* |
Franchising | Properties | Associates | Consolidation | Total | |
| Turnover | 2 912 | 2 797 | 1 350 | – | – | – | (2 102) | 4 956 | |
|---|---|---|---|---|---|---|---|---|---|
| – From external customers* | 2 906 | 1 778 | 272 | – | – | – | – | 4 956 | |
| – Intersegment | 5 | 1 019 | 1 078 | – | – | – | (2 102) | – | |
| Turnover from franchise stores** | 1 291 | – | – | – | – | – | (1 291) | – | |
| Achieved gross margin | 1 054 | 816 | 153 | # | – | – | 141 | 2 164 | |
| Depreciation | (41) | (131) | (15) | # | (49) | – | – | (236) | |
| Profit on sale of property, plant and equipment | 2 | 1 | 1 | # | # | – | – | 4 | |
| Trading profit | 295 | 502 | 139## | 235### | 209### | – | – | 1 380 | |
| Finance income | 7 | 12 | 17 | – | 11 | – | (22) | 25 | |
| Finance costs | (3) | (3) | (12) | # | (42) | – | 22 | (38) | |
| Income from associates | – | – | – | – | – | 1 | – | 1 | |
| Profit before taxation | 299 | 511 | 144 | 235 | 178 | 1 | – | 1 368 | |
| * | 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 R47 million disclosed in note 6. |
| ### | Includes royalty income of R67 million disclosed in note 6. |
| Reviewed six months to 31 December 2021 | Retail | Manufacturing* | Supply and Support Services* |
Franchising | Properties | Associates | Consolidation | Total | |
| Turnover | 2 855 | 2 634 | 1 305 | – | – | – | (1 993) | 4 801 | |
| – From external customers* | 2 855 | 1 719 | 227 | – | – | – | – | 4 801 | |
| – Intersegment | – | 915 | 1 078 | – | – | – | (1 993) | – | |
| Turnover from franchise stores** | 1 278 | – | – | – | – | – | (1 278) | – | |
| Achieved gross margin | 1 025 | 863 | 166 | – | – | – | 124 | 2 178 | |
| Depreciation | (40) | (113) | (12) | # | (47) | – | – | (212) | |
| Profit on sale of property, plant and equipment | # | 1 | # | # | # | – | – | 1 | |
| Trading profit | 285 | 605 | 169## | 232### | 218 | – | (11) | 1 498 | |
| Finance income | 3 | 11 | 13 | – | 6 | – | (15) | 18 | |
| Finance costs | (1) | (2) | (9) | # | (31) | – | 15 | (28) | |
| Income from associates | – | – | – | – | – | – | – | – | |
| Profit before taxation | 287 | 614 | 173 | 232 | 193 | – | (11) | 1 488 | |
| * | 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 R46 million disclosed in note 6. |
| ### | Includes royalty income of R67 million disclosed in note 6. |