A N N U A L   R E P O R T   –   2 0 0 1 
Letter to the shareholders Income statements
Financial highlights Balance sheets
Chief executive’s report Cash flow statements
Five-year financial review Segmental analysis

S E G M E N T A L    A N A L Y S I S
BUSINESS AND GEOGRAPHIC SEGMENTS
BUSINESS SEGMENTS
For management purposes, the group is currently organised into ten operating divisions: Nashua Office Automation, Nashua Mobile, Panasonic, Telecommunications, Reutech, Saco, ATC, CBI, African Cables and Financial Services. 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 only immaterial operations situated in the United Kingdom, 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      
Rm 
2001 
2000 
change 

ELECTRONICS          
Nashua Office Automation 554,4  10  487,5  11  14 
Nashua Mobile 1 445,8  27  771,0  17  88 
Panasonic 853,3  16  840,0  19 
Telecommunications 922,5  17  977,7  22  (6)
Reutech 399,7  422,2  (5)
Saco 36,2  52,5  (31)

Total Electronics 4 211,9  79  3 550,9  79  19 

ELECTRICAL ENGINEERING AND CABLES
ATC 201,6  196,9 
CBI 399,2  316,2  26 
African Cables 406,2  294,7  38 

Total Electrical Engineering and Cables 1 007,0  19  807,8  18  25 

FINANCIAL SERVICES 139,9  153,9  (9)

Total operations 5 358,8  100  4 512,6  100  19 
Less: Reunert's attributable portion          
of associate companies' revenue (1 129,0) (1 172,5)    

Revenue as reported 4 229,8  3 340,1  27 

OPERATING PROFIT INCLUDING ASSOCIATE COMPANIES      
Rm 
2001 
2000 
change 

ELECTRONICS          
Nashua Office Automation 63,9  12  42,7  11  50 
Nashua Mobile 85,6  17  35,2  143 
Panasonic 29,8  23,2  28
Telecommunications 102,7  20  88,6  22  16 
Reutech 40,3  71,8  18  (44)
Saco 7,9  13,0  (39)

Total Electronics 330,2  64  274,5  69  20 

ELECTRICAL ENGINEERING AND CABLES        
ATC 32,5  30,1 
CBI 74,1  15  55,3  14  34 
African Cables 38,0  3,9  874 

Total Electrical Engineering and Cables 144,6  28  89,3  22  62 

FINANCIAL SERVICES 40,0  35,5  13 

Total operations 514,8  100  399,3  100  29 
Less: Reunert's attributable portion          
of associate companies' operating profit (133,3) (123,8)    

Operating profit as reported 381,5  275,5  38 

TOTAL ASSETS (EXCLUDING CASH AND DEFERRED TAX) INCLUDING ASSOCIATE COMPANIES
         
Rm 
     
2001 
2000 

ELECTRONICS          
Nashua Office Automation       209,9  174,5 
Nashua Mobile       239,7  245,2 
Panasonic       310,7  298,6 
Telecommunications       322,2  254,5 
Reutech       131,5  157,3 
Saco       8,9  22,7 

Total Electronics       1 222,9  1 152,8 

ELECTRICAL ENGINEERING AND CABLES      
ATC       133,7  103,6 
CBI       221,7  171,0 
African Cables       238,7  230,0 

Total Electrical Engineering and Cables       594,1  504,6 

FINANCIAL SERVICES       860,9  782,2 

Total operations       2 677,9  2 439,6 
Less: Reunert's attributable portion of associate companies' assets (455,9) (391,3)

Total assets (excluding cash and deferred tax) as reported 2 222,0  2 048,3 

PROVISIONS, TRADE AND OTHER PAYABLES INCLUDING ASSOCIATE COMPANIES
         
Rm 
     
2001 
2000 

ELECTRONICS          
Nashua Office Automation       160,3  148,9 
Nashua Mobile       275,4  169,0 
Panasonic       210,2  208,0 
Telecommunications       124,2  176,7 
Reutech       149,7  182,1 
Saco       7,7  11,9 

Total Electronics       927,5  896,6 

ELECTRICAL ENGINEERING AND CABLES        
ATC       38,1  23,7 
CBI       69,5  42,6 
African Cables       64,8  80,7 

Total Electrical Engineering and Cables       172,4  147,0 

FINANCIAL SERVICES       107,3  81,2 

Total operations       1 207,2  1 124,8 
Less: Reunert's attributable portion of associate companies' liabilities (162,3) (162,8)

Provisions, trade and other payables as reported   1 044,9  962,0 

CAPITAL EXPENDITURE EXCLUDING ASSOCIATE COMPANIES      
         
Rm 
     
2001 
2000 

ELECTRONICS          
Nashua Office Automation       0,8  0,6 
Nashua Mobile       17,9  6,5 
Panasonic       6,1  1,6 
Reutech       6,6  3,4 
Saco       0,1  0,1 

Total Electronics       31,5  12,2 

ELECTRICAL ENGINEERING AND CABLES    
CBI       16,6  8,3 
African Cables       3,2  1,8 

Total Electrical Engineering and Cables       19,8  10,1 

FINANCIAL SERVICES       1,5  – 

Capital expenditure as reported       52,8  22,3 

DEPRECIATION EXCLUDING ASSOCIATE COMPANIES      
         
Rm 
     
2001 
2000 

ELECTRONICS          
Nashua Office Automation       0,9  0,6 
Nashua Mobile       10,9  0,9 
Panasonic       3,3  3,9 
Reutech       4,0  4,5 
Saco       –  0,1 

Total Electronics       19,1  10,0 

ELECTRICAL ENGINEERING AND CABLES      
CBI       12,9  17,6 
African Cables       9,2  8,9 

Total Electrical Engineering and Cables       22,1  26,5 

FINANCIAL SERVICES       0,3  0,2 

Depreciation as reported       41,5  36,7 

NUMBER OF EMPLOYEES EXCLUDING ASSOCIATE COMPANIES      
         
Rm 
     
2001 
2000 

ELECTRONICS          
Nashua Office Automation       348  261 
Nashua Mobile       489  352 
Panasonic       359  412 
Reutech       948  843 
Saco       53  47 

Total Electronics       2 197  1 915 

ELECTRICAL ENGINEERING AND CABLES
CBI       1 314  1 193 
African Cables       596  476 

Total Electrical Engineering and Cables       1 910  1 669 

FINANCIAL SERVICES       41  132 

Number of employees as reported       4 148  3 716 


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