Segmental analysis

   
 
BUSINESS AND GEOGRAPHIC SEGMENTS
Business segments

Business segments The group is currently organised into three segments:
CBI-electric, comprising CBI-electric: low voltage, CBI-electric: energy cables and CBI-electric: telecom cables, Nashua, comprising Nashua Office Automation, Nashua Mobile, Nashua Electronics and RCCF and Reutech, comprising Fuchs Electronics, Reutech Communications, Reutech Solutions and Reutech Radar Systems.

The group overview gives details of the activities of each division. 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 Australia, Germany and the United States of America. It is, therefore, not considered meaningful to disclose information on geographic segments according to location of operation.

REVENUE INCLUDING ASSOCIATE COMPANIES
           
  2009
Rm
%   2008 
Rm 
%  
change  
CBI-electric 2 952,2 29   3 951,9  36  (25) 
Nashua 6 364,9 62   6 445,2  58  (1) 
Reutech 873,7 9   622,3  40  
Total operations 10 190,8 100   11 019,4  100  (8) 
NSN* 80,0 — 
Less: Reunert’s attributable portion of associate companies’ revenue   (98,3)
Revenue as reported per the income statement 10 270,8   10 921,1    (6) 
Intersegment revenue is immaterial and has not been disclosed.
* Revenue in the current year includes dividends in lieu of commission income received attributable to the investment
in NSN (refer
note 1). In 2008 this was disclosed in other income.
 
OPERATING PROFIT INCLUDING ASSOCIATE COMPANIES
               
    2009
Rm
%   2008 
Rm 
% %   
change  
CBI-electric 393,3 36   675,3  46 (42) 
Nashua 480,8 44   654,3  45 (27) 
Reutech   212,0 20   136,9  9 55  
Total operations 1 086,1 100   1 466,5  100 (26) 
NSN* 54,3 139,0  (61) 
Less: Reunert’s attributable portion of associate companies’ net operating profit       (31,4)    
Operating profit as reported in the income statement   1 140,4     1 574,1    (28) 
* Operating profit of NSN represents commission income and dividends in lieu of commission income (refer to notes 1 and 2).
On a comparable basis the 2009 operating profit amounts to R96,5 million.
 
TOTAL ASSETS*        
  2009
Rm
  2008
Rm
 
CBI-electric 1 468,7   2 187,2  
Nashua 4 024,0   4 266,6  
Reutech 474,9   313,2  
Total assets* as reported per the balance sheet 5 967,6   6 767,0  
* Total assets excludes deferred taxation assets, cash and cash equivalents and RCCF
   bank balances and cash.
 
TRADE AND OTHER PAYABLES, DERIVATIVE LIABILITIES AND PROVISIONS
CBI-electric 383,3   560,0  
Nashua 1 144,4   1 102,4  
Reutech 235,6   133,8  
Trade and other payables, derivative liabilities and provisions as reported per the balance sheet 1 763,3   1 796,2  
CAPITAL EXPENDITURE
CBI-electric 40,3   76,9  
Nashua 15,5   22,8  
Reutech 31,3   17,4  
Capital expenditure as reported 87,1   117,1  
DEPRECIATION AND IMPAIRMENTS OF PROPERTY, PLANT AND EQUIPMENT AND AMORTISATION OF INTANGIBLE ASSETS
CBI-electric 41,7   45,1  
Nashua 44,5   33,2  
Reutech 10,2   8,3  
Depreciation and impairment of property, plant and equipment and amortisation of intangible assets as reported 96,4   86,6  
 
NUMBER OF EMPLOYEES        
  2009   2008  
CBI-electric 2 768   3 805  
Nashua 2 314   2 396  
Reutech 1 239   995  
Number of employees as reported 6 321   7 196