For management purposes, the group is currently organised into two operating divisions:
Electrical engineering (CBI-electric: low voltage (formerly Circuit Breaker Industries), CBI-electric: African Cables (formerly African Cables) and CBI-electric: telecom cables (formerly ATC)) and,
Electronics comprising Office systems (Nashua office automation, Nashua Kopano, Nashua Tshwane, Nashua Eastern Cape and RCCF/Quince (refer to note 36)), Consumer products and services (Nashua Mobile and Nashua Electronics (formerly RC&C Holdings)), Telecommunications (NSN (formerly Siemens Telecommunications and Acuo) and Reutech (Fuchs Electronics, RDI Communications, RDL and RRS)). The group overview gives details of the activities of each division.
The associate companies form part of the Office systems and Telecommunications segments.
These divisions are the basis on which the group reports its primary business segments.
Segment information about these businesses is presented below.
The group’s operations are situated mostly in South Africa, with minor operations situated in Germany, the United States of America and Australia. It is, therefore, not considered meaningful to disclose information on geographic segments according to location of operation.
REVENUE INCLUDING ASSOCIATE COMPANIES*
Rm
2007
%
2006
%
%
change
Electrical engineering**
3 315,1
29
2 573,7
27
29
Electronics
Office systems
1 224,1
11
1 234,8
13
(1)
Consumer products and services
4 592,2
41
4 109,0
43
12
Telecommunications
1 712,9
15
1 285,7
14
33
Reutech
490,5
4
317,3
3
55
Total Electronics
8 019,7
71
6 946,8
73
15
Total operations
11 334,8
100
9 520,5
100
19
Less: Reunert’s attributable portion of associate companies’ revenue
(1 760,4)
(1 284,1)
Revenue as reported per the income statement
9 574,4
8 236,4
16
*
Inter-segment revenue is immaterial and has not been disclosed.
**
Revenue includes an amount of R96,3 million for inventory sold at book value by ATC (Pty) Limited to CBI-electric Aberdare ATC Telecom Cables (Pty) Limited.
OPERATING PROFIT INCLUDING ASSOCIATE COMPANIES
Rm
2007
%
2006
%
%
change
Electrical engineering
553,9
36
552,1
39
Electronics
Office systems
306,5
20
314,1
22
(2)
Consumer products and services
368,2
24
374,5
27
(2)
Telecommunications
211,2
13
142,9
10
48
Reutech
109,2
7
30,4
2
259
Total Electronics
995,1
64
861,9
61
15
Total operations
1 549,0
100
1 414,0
100
10
Less: Reunerts attributable portion of associate companies net operating profit
(230,3)
(141,3)
Operating profit as reported in the income statement
1 318,7
1 272,7
4
TOTAL ASSETS (EXCLUDING CASH AND CASH EQUIVALENTS AND DEFERRED TAXATION ASSETS) INCLUDING ASSOCIATE COMPANIES
Rm
2007
2006
Electrical engineering
1 690,3
1 325,2
Electronics
Office systems
1 863,4
1 839,3
Consumer products and services
1 362,9
1 241,2
Telecommunications
544,0
978,3
Reutech
223,9
109,8
Total Electronics
3 994,2
4 168,6
Total operations
5 684,5
5 493,8
Less: Reunert’s attributable portion of associate companies’ assets
(1 409,2)
(872,8)
Total assets (excluding cash and cash equivalents and deferred taxation assets) as reported per the balance sheet
4 275,3
4 621,0
TRADE AND OTHER PAYABLES, DERIVATIVE LIABILITIES AND PROVISIONS, INCLUDING ASSOCIATE COMPANIES
Rm
2007
2006
Electrical engineering
465,0
441,2
Electronics
Office systems
303,5
359,6
Consumer products and services
889,3
958,7
Telecommunications
373,3
722,7
Reutech
137,7
125,6
Total Electronics
1 703,8
2 166,6
Total operations
2 168,8
2 607,8
Less: Reunert’s attributable portion of associate companies’ liabilities
(393,3)
(721,9)
Trade and other payables, derivative liabilities and provisions as reported per the balance sheet
1 775,5
1 885,9
CAPITAL EXPENDITURE EXCLUDING ASSOCIATE COMPANIES
Rm
2007
2006
Electrical engineering
111,3
99,8
Electronics
Office systems
6,5
60,1
Consumer products and services
21,5
30,3
Telecommunications
0,2
0,1
Reutech
9,5
4,0
Total Electronics
37,7
94,5
Capital expenditure as reported
149,0
194,3
DEPRECIATION AND IMPAIRMENTS OF PROPERTY, PLANT AND EQUIPMENT AND AMORTISATION OF INTANGIBLE ASSETS EXCLUDING ASSOCIATE COMPANIES
Rm
2007
2006
Electrical engineering
41,4
36,9
Electronics
Office systems
7,5
5,0
Consumer products and services
21,0
17,1
Telecommunications
0,7
—
Reutech
5,3
4,2
Total Electronics
34,5
26,3
Depreciation and impairment of property, plant and equipment and amortisation of intangible assets as reported
