31 MARCH 2015ALEXANDER FORBES GROUP HOLDINGS LIMITEDINTEGRATED ANNUAL REPORT

GROUP SEGMENTAL INCOME AND PROFIT ANALYSISfor the year ended 31 March 2015

 

Operating income net
of direct expenses

Profit from operations before
non-trading and capital items

 

2015

%

2014

2015

%

2014

Rm

 

 

 

 

 

 

Africa continuing operations

 

 

 

 

 

 

SA Financial Services

1 852

9

1 700

386

2

377

Investment Solutions

806

12

717

407

13

360

AF Insurance

407

16

350

105

19

88

AfriNet

291

17

249

60

25

48

Total Africa continuing operations

3 356

11

3 016

958

10

873

Total international (GBPm)

84

4

81

12

12

International financial services

1 495

13

1 322

219

7

204

Total continuing operations – excluding property lease

4 851

12

4 338

1 177

9

1 077

Accounting for the property lease

 

(40)

(15)

(47)

Total continuing operations – including property lease

4 851

12

4 338

1 137

10

1 030

 

 

 

 

 

 

 

 

Depreciation and
amortisation

Assets

 

2015

%

2014

2015

%

2014

Rm

 

 

 

 

 

 

Africa

 

 

 

 

 

 

SA Financial Services

13

 

10

69 655

 

63 063

Investment Solutions

4

 

3

262 269

 

253 872

AF Insurance

4

 

3

618

 

592

AfriNet

3

 

3

3 962

 

3 188

Total Africa

24

26

19

336 504

5

320 715

Total international (GBPm)

1

 

1

75

 

73

International financial services

16

23

13

1 343

(3)

1 388

Unallocated:

 

 

 

 

 

 

Corporate services

46

 

48

1 038

 

986

Discontinued operations

1

 

20

178

 

91

Goodwill

 

3 899

 

3 985

Consolidation elimination*

 

(68 815)

 

(61 600)

Total group

87

(13)

100

274 147

3

265 565

*

This amount relates mainly to assets invested by group companies with Investment Solutions.

**

The prior year comparative figures in the table above have been restated following the discontinuance of AFCT. In certain instances, shared service costs previously allocated to discontinued operations that will continue subsequent to the disposal have been reallocated to the remaining continuing operations and comparative numbers restated accordingly.