Segmental report – Geographical segments
for the year ended 31 March 2013

    South Africa Rest of Africa Other Total
  Figures in Rand million   2013   2012   2013   2012   2013   2012   2013   2012  
  Income                  
  Interest received   1 431   1 364   192   188   7   10   1 630   1 562  
  Dividends received   4 151   3 253   36   –   –   20   4 187   3 273  
  Fee income   632   349   –   –   –   –   632   349  
  Farming, manufacturing and mining income   8 140   5 801   –   –   –   –   8 140   5 801  
  Revenue   14 354   10 767   228   188   7   30   14 589   10 985  
  Share of profits of equity-accounted investments   506   368   73   89   –   –   579   457  
  Other income   354   121   –   –   –   –   354   121  
  Net capital gains   (30)  878   –   –   –   –   (30)  878  
  Expenses                  
  Financing expenses   (688)  (446)  –   –   –   –   (688)  (446) 
  Operating expenses   (9 504)  (6 730)  –   –   –   –   (9 504)  (6 730) 
  Share of losses of equity-accounted investments   (911)  (423)  (134)  (36)  –   –   (1 045)  (459) 
  Taxation   (3)  (107)  –   –   –   –   (3)  (107) 
  Depreciation   (441)  (308)  –   –   –   –   (441)  (308) 
  Net movement in impairments   (1 753)  (1 049)  –   –   –   –   (1 753)  (1 049) 
  Project feasibility expenses   (80)  (109)  –   –   –   –   (80)  (109) 
  Impairment reversal   –   70   –   –   –   –   –   70  
  Profit for the year   1 804   3 032   167   241   7   30   1 978   3 303  
  Total assets   121 813   108 304   4 275   3 011   797   915   126 885   112 230  
  Interest in equity-accounted investments   8 598   7 692   3 082   2 875   –   –   11 680   10 567  
  Total liabilities   29 945   20 037   –   –   –   –   29 945   20 037  
  Capital expenditure   1 235   814   –   –   –   –   1 235   814  
  Capital expenditure commitments   920   357   –   –   –   –   920   357  

Other – includes all countries outside the African continent.  

Management has determined the operating segments based on the reports reviewed by the Executive Committee that are used to make strategic decisions. The Executive Committee considers the business primarily from a product perspective. The products are segmented into financing activities and non-financing activities.  

Segment assets consist primarily of loans, advances, investments, property, plant and equipment and cash and cash equivalents. Segment liabilities comprise non-current and current liabilities.  

Capital expenditure comprises additions to property, plant and equipment.  

Coega Dairy Holdings

The IDC has identified increased competition in the dairy value chain and import substitution in the cheese industry as key sector development goals. We also singled out the need for increased farmer (and specifically B-BBEE) participation in dairy value-adding initiatives.

Windtown Lagoon Resort 

The newly built Windtown Lagoon Resort and Spa reflects the IDC’s focus to funding community-based projects that have potential to create employment opportunities in far-flung regions.


APPROVALS
R13.1 billion
DISBURSEMENTS
R16.0 billion
JOBS FACILITATED
18 922
JOBS SAVED
3 950
© The IDC 2013. All rights not expressly allowed are reserved. P.O. Box 784055, Sandton, 2146, South Africa