Afrikaans Annual Financial Statements
Naspers
 

SUMMARISED ANNUAL FINANCIAL STATEMENTS

IN THIS SECTION

SEGMENTAL REVIEW

for the year ended 31 March 2014

The group’s reportable segments reflect those components of the group that are regularly reviewed by the chief executive officer and other senior executives that make strategic decisions in accordance with IFRS 8 “Operating Segments”. The group proportionately consolidates its share of the results of its associated companies and joint ventures in the various reportable segments. This is considered to be more reflective of the economic value of these investments.

  Revenue
Year ended 31 March
 
  2014
R’m
  2013
(Restated)
R’m
%
change
 
Internet 57 018   34 587 65  
– Tencent 34 256   20 532 67  
– Mail.ru 2 407   1 669 44  
– Ecommerce 20 355   12 386 64  
Pay television 36 271   30 257 20  
Print 11 692   11 932 (2)  
Segment revenue 104 981   76 776 37  
Less: Equity-accounted investments (42 253)   (26 907) 57  
Consolidated 62 728   49 869 26  

  EBITDA
Year ended 31 March
 
  2014
R’m
  2013
(Restated)
R’m
%
change
 
Internet 8 540   7 389 16  
– Tencent 12 232   8 603 42  
– Mail.ru 1 286   895 44  
– Ecommerce (4 978)   (2 109) > (100)  
Pay television 10 370   8 933 16  
Print 1 073   1 167 (8)  
Corporate services (150)   (138)  
Segment EBITDA 19 833   17 351 14  
Less: Equity-accounted investments (13 442)   (9 565) 41  
Consolidated 6 391   7 786 (18)  

  Trading profit
Year ended 31 March
 
  2014
R’m
  2013
(Restated)
R’m
%
change
 
Internet 6 638   6 163 8  
– Tencent 10 792   7 702 40  
– Mail.ru 1 175   798 47  
– Ecommerce (5 329)   (2 337) > (100)  
Pay television 8 520   7 559 13  
Print 606   743 (18)  
Corporate services (151)   (139)  
Segment trading profit 15 613   14 326 9  
Less: Equity-accounted investments (11 707)   (8 414) 39  
Consolidated 3 906   5 912 (34)