Revenue1 Operating income2 Depreciation
and amortisation
   
(R'million)     2020 2019* 2020 2019* 2020 2019*    
Domestic operations     26 428,7 25 334,1 2 564,4 3 019,1 634,6 509,3    
Grains     13 920,4 13 225,9 1 235,7 1 441,8 254,3 187,8    
    Milling and Baking3     9 955,2 9 436,7 1 121,6 1 240,0 223,9 169,1    
    Other Grains4     3 965,2 3 789,2 114,1 201,8 30,4 18,7    
Consumer Brands     12 508,3 12 108,2 1 340,0 1 586,1 290,5 241,9    
    Groceries     5 545,8 5 100,4 353,7 325,3 158,2 134,3    
    Snacks & Treats     2 140,9 2 249,4 170,5 312,7 44,2 41,9    
    Beverages     1 560,1 1 546,9 238,4 296,2 38,9 25,0    
    Out of Home     446,0 541,3 67,0 106,3    
Home, Personal Care and Baby (HPCB)     2 815,5 2 670,2 510,4 545,6 49,2 40,7    
    Personal Care     661,3 639,3 78,8 88,6 19,0 22,8    
    Baby Care     975,1 980,8 110,9 150,8 20,5 12,7    
    Home Care     1 179,1 1 050,1 320,7 306,2 9,7 5,2    
Other5     (11,3) (8,8) 89,8 79,6    
Exports and International     3 367,4 3 244,8 103,3 212,1 115,9 75,8    
Exports     1 539,7 1 491,6 32,8 47,8 29,0 17,2    
International operations – Central Africa (Chococam)     942,3 906,2 148,7 172,0 39,1 28,6    
Deciduous Fruit (LAF)     1 283,0 1 281,7 (78,2) (7,7) 47,8 30,0    
Other intergroup sales     (397,6) (434,7)    
Total from continuing operations – before IFRS 2 charges     29 796,1 28 578,9 2 667,7 3 231,2 750,5 585,1    
IFRS 2 charges     (66,1) (60,9)    
Total from continuing operations – after IFRS 2 charges     29 796,1 28 578,9 2 601,6 3 170,3 750,5 585,1    
Discontinued operations – West Africa     9,8 151,0 (13,5) (17,1) 3,1    
Discontinued operation – Value Added Meat Products     1 178,4 653,8 (489,6) (547,0) 38,8 42,6    
Total group     30 984,3 29 383,7 2 098,5 2 606,2 789,3 630,8    
* Restated as required by IFRS 5 in relation to the treatment of Value Added Meat Products (VAMP), a division of Tiger Consumer Brands Limited (Domestic operations – Consumer Brands – Food) as a discontinued operation. Refer to note 33.
1 Refer to note 2.1 of the financial statements for further information on geographical split.
2 Operating income is stated after amortisation of intangible assets.
3 Comprises maize milling, wheat Milling and Baking, sorghum beverages and malt-based breakfast cereals.
4 Comprises rice, pasta and oat-based breakfast cereals.
5 Includes the corporate office and management expenses relating to international investments.
   
All segments operate on an arm’s length basis in relation to inter-segment pricing.
      Total assets Accounts payable,
accruals and tax
Capital expenditure    
      2020 2019* 2020 2019* 2020 2019*    
Domestic operations     18 388,9 18 360,0 4 217,8 4 424,3 772,5 903,3    
Grains     5 636,9 5 136,1 1 506,7 1 719,6 277,3 389,2    
    Milling and Baking1     3 926,5 3 553,6 1 086,0 1 050,3 180,6 196,0    
    Other Grains2     1 710,4 1 582,5 420,7 669,3 96,7 193,2    
Consumer Brands     8 597,8 8 858,8 2 335,3 2 300,7 355,2 449,5    
    Groceries     4 496,3 4 173,8 1 175,4 1 025,5 174,1 106,4    
    Snacks & Treats     1 407,5 1 342,7 506,0 434,1 83,5 83,1    
    Beverages     1 527,6 1 518,0 222,7 246,2 69,5 179,0    
    Value Added Meat Products     605,9 208,1 53,3    
    Home, Personal Care and Baby (HPCB)     1 166,4 1 218,4 431,2 386,8 28,1 27,7    
Other3     4 154,2 4 365,1 375,8 404,0 140,0 64,6    
Exports and International     3 503,5 3 783,3 809,3 681,9 121,0 196,4    
Exports     1 662,3 1 916,2 233,0 191,9 25,8 102,2    
International operations – Central Africa (Chococam)     845,9 778,8 433,6 352,0 36,2 42,1    
Deciduous Fruit (LAF)     995,3 1 088,3 142,7 138,0 59,0 52,1    
Assets classified as held for sale4     419,2 23,5     43,6 3,8    
Total     22 311,6 22 166,8 5 027,1 5 106,2 937,1 1 103,5    
1 Comprises maize milling, wheat Milling and Baking, sorghum beverages and malt-based breakfast cereals.
2 Comprises rice, pasta and oat-based breakfast cereals.
3 Includes the corporate office.
4 Refer to note 34 for detail on assets classified as held for sale.
(R’million) 2020 2019
Split of non-current assets    
South Africa 6 923,0 6 818,8
Outside South Africa 1 079,9 1 379,4
Total 8 002,9 8 198,2
Reconciliation of total assets:    
Total assets per statement of financial position 22 334,0 22 180,5
Deferred taxation asset (22,4) (13,7)
  22 311,6 22 166,8