GROUP SEGMENTAL ANALYSIS
for the years ended 31 March
| Foschini Limited and its subsidiaries | ||||||
| Retail | Central | |||||
| trading | FG Financial | and shared | ||||
| divisions | Services | services | Total Retail | RCS Group | Consolidated | |
| 2010 | Rm | Rm | Rm | Rm | Rm | Rm |
| External revenue* | 8 605,2 | 1 031,0 | 30,0 | 9 666,2 | 1 114,1 | 10 780,3 |
| External interest received | – | 636,4 | 8,9 | 645,3 | 798,4 | 1 443,7 |
| External interest paid | – | – | (155,8) | (155,8) | (105,7) | (261,5) |
| Depreciation and amortisation | – | – | (251,2) | (251,2) | (13,0) | (264,2) |
| Group profit before tax | 1 485,2 | 225,9 | 1 711,1 | |||
| Segmental profit before tax | 1 886,6 | 256,5 | (620,4) | 1 522,7 | 225,9 | 1 748,6 |
| IFRS charges | (37,5) | – | (37,5) | |||
| Capital expenditure | 283,1 | 6,5 | 289,6 | |||
| Segment assets | 6 403,2 | 2 833,7 | 9 236,9 | |||
| Segment liabilities | 1 842,8 | 1 908,8 | 3 751,6 | |||
| 2009 | ||||||
| External revenue* | 8 089,6 | 843,9 | 36,2 | 8 969,7 | 1 019,2 | 9 988,9 |
| External interest received | – | 526,1 | 9,6 | 535,7 | 765,0 | 1 300,7 |
| External interest paid | – | – | (158,5) | (158,5) | (91,3) | (249,8) |
| Depreciation and amortisation | – | – | (217,6) | (217,6) | (13,5) | (231,1) |
| Group profit before tax | 1 573,2 | 202,5 | 1 775,7 | |||
| Segmental profit before tax | 1 925,3 | 220,3 | (553,1) | 1 592,5 | 202,5 | 1 795,0 |
| IFRS charges | (19,3) | – | (19,3) | |||
| Capital expenditure | 351,5 | 19,1 | 370,6 | |||
| Segment assets | 6 008,5 | 2 655,5 | 8 664,0 | |||
| Segment liabilities | 1 940,3 | 1 868,2 | 3 808,5 | |||
| * Includes retail turnover, interest received, dividends received and other income | ||||||
For management purposes, the following operating divisions have been identified as the group’s reportable segments:
- Retail trading divisions, comprising the @home division, exact!, the Foschini division, the Jewellery division, Markham and the Sports division, retail clothing, jewellery, cosmetics, cellphones, and homeware and furniture;
- FG Financial Services – manages the group’s in-store credit card programme, as well as handling the group’s financial service products such as Club and associated magazines as well as insurance products;
- Central and shared services provide services to the trading divisions, including but not limited to, finance and administration, internal audit, information technology, logistics, human resources, facilities management and real estate; and
- RCS Group, an operationally independent consumer finance business that provides a broad range of financial services under its own brand in South Africa, Namibia and Botswana.
The board, identified as the chief operating decision-maker, reviews the results of these business units on a monthly basis for the purpose of allocating resources and evaluating performance.
Performance is measured based on segmental profit before tax, as included in the monthly management report reviewed by the chief operating decision-maker.
