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  ANNUAL REPORT 2007  
SEGMENTAL analysis    
 
 
 
 
 
BUSINESS AND GEOGRAPHIC SEGMENTS
 
Business segments
 
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  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  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   
 
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 75,9    63,2   
         
NUMBER OF EMPLOYEES EXCLUDING ASSOCIATE COMPANIES        
  2007    2006   
Electrical engineering 3 411    3 295   
Electronics        
Office systems 419    400   
Consumer products and services 1 700    1 781   
Telecommunications 25    30   
Reutech 968    770   
Total Electronics 3 112    2 981   
Number of employees as reported 6 523    6 276   
 
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