212 / 280
NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS
CONTINUED
For the year ended 31 May 2014
210
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
Total
South African distribution
2014
R’000
2013
R’000
2014
R’000
2013
R’000
30.
SEGMENTAL SUMMARY (continued)
Reconciliation of net profit for the year to
core net profit for the year
Net profit/(loss) for the year
448 915
408 105
560 053
564 166
Amortisation of intangibles raised through business
combinations net of tax
10 625
13 293
6 323
8 281
Core net profit/(loss) for the year
459 540
421 398
566 376
572 447
Core net profit/(loss) for the year
attributable to:
Equity holders of parent
460 602
437 516
558 996
570 766
Non-controlling interest
(1 062)
(16 118)
7 379
1 681
Non-cash items
Net profit/(loss) on sale of subsidiaries
—
120
—
2 147
Net profit on disposal of associates
—
2 273
—
1 400
Discounting of receivables
117 444
127 773
116 783
127 773
Discounting of payables
(143 882)
(143 329)
(143 882)
(143 329)
The segment assets and liabilities at
31 May are as follows:
Assets excluding investments in associates and joint
ventures
5 904 778
5 196 385
5 651 680
4 950 040
Investments in associates and joint ventures
598 109
524 162
—
—
Total assets
6 502 887
5 720 547
5 651 680
4 950 040
Additions to non-current assets
Property, plant and equipment
47 038
20 042
42 678
15 862
Intangible assets and goodwill
397 203
297 501
388 280
294 331
Investment in associates
—
138 174
—
—
Investment in joint ventures
—
—
—
—
Total liabilities
(2 978 898)
(2 477 694)
(2 838 621)
(2 331 195)
SEGMENTAL SUMMARY
The company is domiciled in the Republic of South Africa. The result of its revenue from external customers in
South Africa is R19.402 billion (2013: R18.984 billion), and the total revenue from external customers from other
countries is nil (2013: nil).