Segment Report
for the year ended 30 June 2006

Total             One Dis-       from           Primedia   to one continued   Elimi-    continuing   BUSINESS SEGMENTS Advertising   Content   Unlimited   marketing   Central   operation(5)   nations   operations   30 June 2006   R’000   R’000   R’000   R’000   R’000   R’000   R’000   R’000   Revenue                                   – External revenue   1 146 777   1 140 374   76 947   63 174   40   (40 102)   –   2 387 210   – Inter-segment sales   723   19 248   –   –   –   –   (19 971)   –       1 147 500   1 159 622   76 947   63 174   40   (40 102)   (19 971)   2 387 210   PBIT (1)   395 308   87 596   2 251   3 786   (27 677)   (227)   –   461 037   Segment result   388 932   88 151   (708)   3 567   (123 356)   (227)   –   356 359   Investment income                               12 821   Finance costs                               (60 344)   Income tax expense                               (102 055)   Net profit for the year                               206 781   Capital additions (2)   46 824   33 095   6 014   2 501   301   –   –   88 735   Depreciation and amortisation   38 787   28 938   5 001   1 704   891   (864)   –   74 457   Goodwill   356 659   5 054   51 734   654   –   –   –   414 101   Segment assets (3)   470 223   377 900   34 699   36 773   55 163   (15 071)   (60 013)   899 674   Segment liabilities (4)   340 285   295 434   18 687   18 024   204 757   (9 879)   (60 013)   807 295   30 June 2005 (Restated)                                   Revenue                                   – External revenue   950 288   933 827   33 467   62 726   –   (42 539)   –   1 937 769   – Inter-segment sales   543   16 915   –   –   –   –   (17 458)   –       950 831   950 742   33 467   62 726   –   (42 539)   (17 458)   1 937 769   PBIT (1)   298 761   74 950   2 785   2 095   (24 739)   (652)   –   353 200   Segment results   293 951   89 384   2 073   2 251   (21 241)   (652)   –   365 766   Investment income                               7 739   Finance costs                               (55 073)   Share of associated companies' profits                               457   Income tax expense                               (87 377)   Net profit for the year                               231 512   Capital additions (2)   34 962   50 442   3 138   1 719   234   –   –   90 495   Depreciation and amortisation   33 288   25 505   805   1 591   1 683   (1 020)   –   61 852   Goodwill   195 372   5 054   22 710   654   –   –   –   223 790   Segment assets (3)   422 256   373 594   14 933   28 439   49 808   –   (112 839)   776 191   Segment liabilities (4)   334 873   339 924   5 855   15 297   191 496   –   (112 839)   774 606   GEOGRAPHICAL SEGMENTS     South Africa  International   Total group      2006 2005 2006 2005 2006 2005       R’000   R’000   R’000   R’000   R’000   R’000   Revenue from continuing operations 2 387 210 1 937 769 – – 2 387 210 1 937 769 PBIT from continuing operations (1) 460 650 353 245 387 (45) 461 037 353 200 Segment results from continuing operations 356 017 366 258 342 (492) 356 359 365 766 Capital additions (2) 88 008 89 853 727 642 88 735 90 495 Depreciation and amortisation 74 457 61 852 – – 74 457 61 852 Segment assets (3) 872 512 745 999 27 162 30 192 899 674 776 191 Segment liabilities (4)   790 736   765 729   16 559   8 877   807 295   774 606   (1) Operating profit before amortisation of intangibles other than software, share option expense, unrealised foreign exchange items and exceptional items. (2) Includes capital expenditure on software. (3) Includes property, plant and equipment, software and current assets other than assets held for sale and overpaid taxes. (4) Includes interest-bearing borrowings, landlord inducement premium, provisions, trade payables, bank overdrafts and short-term borrowings but excludes tax liabilities, amounts owed to vendors and liabilities associated with assets classified as held for sale. (5) Refer to note 18 regarding the discontinuance of the group’s UK one to one marketing business. back to top