Annual financial statistics (AFS)

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STATISTICAL RELEASE P0021

Annual financial statistics (AFS)

2019

Embargoed until: 17 December 2020

12:00 ENQUIRIES: FORTHCOMING ISSUE: EXPECTED RELEASE DATE: User Information Services AFS 2020 November 2021 +27 12 310 8600

STATISTICS SOUTH AFRICA 1 P0021

Annual financial statistics (AFS), 2019

Contents

Key findings .................................................................................................................................. 3

Figure 1 – Comparison of turnover per industry between 2018 and 2019 ........................................................ 4

Figure 2 – Percentage contribution per industry to total turnover for 2018 . ………………………………………5

Figure 3 – Percentage contribution per industry to total turnover for 2019 …………………………………...….5

Figure 4 – Time series of turnover per industry from 2001 to 2019 .................................................................. 6

Figure 5 – Time series of turnover per industry from 2001 to 2019 .................................................................. 7

Tables ............................................................................................................................................ 8

All industries

Table 1.1 - Selected income and expenditure items ......................................................................................... 8

Table 1.2 - Selected financial position items ................................................................................................... 10

Table 1.3 - Carrying value of property, plant and equipment and intangible assets ....................................... 11

Forestry and fishing

Table 2.1 - Selected income and expenditure items ....................................................................................... 13



Mining and quarrying




Manufacturing




Electricity, gas and water supply




Construction






Trade




Transport, storage and communication




Activities auxiliary to financial intermediation, real estate and other business services




Community, social and personal services

Table 10.1 - Selected income and expenditure items...................................................................................... 53

Table 10.2 - Selected financial position items ................................................................................................. 55

Table 10.3 - Carrying value of property, plant and equipment and intangible assets ..................................... 56

Table 11 - Comparison of selected operating ratios between 2018 and 2019 ................................................ 58

Technical notes ...........................................................................................................................60

Table A – Estimates of turnover by industry within 95% confidence limits: 2018 and 2019 ............................ 61

Table B – Turnover by industry for 2018 and 2019 percentage contribution ................................................... 62

Table C – Turnover by industry and percentage change ................................................................................. 62

Table D – Purchases by industry and percentage change .............................................................................. 63

Table E – Employment cost by industry and percentage change .................................................................... 63

Table F – Capital expenditure by industry and percentage change ................................................................ 64

Table G – Carrying value of property, plant and equipment and intangible assets by industry and

percentage change ......................................................................................................................... 64

Table H – Number of enterprises per industry ................................................................................................. 65

Table I – Department of Trade, Industry and Competition (DTIC) cut-off points ............................................. 66

Explanatory notes .......................................................................................................................67

Glossary .......................................................................................................................................71

Technical enquiries .....................................................................................................................74

General information ....................................................................................................................75



Key findings

The total turnover of annual financial statistics (AFS) industries1 was estimated at R10 496 685 million (R10,5 trillion) for 2019, an increase of 5,6% compared with the revised estimate of R9 942 461 million (R9,9 trillion) for 2018. Between 2018 and 2019 turnover increased in all of the nine industries covered by the survey. The largest percentage increase was reported in mining and quarrying (+12,4%), followed by activities auxiliary to financial intermediation, real estate and other business services2 (+7,8%), forestry and fishing (+7,6%), manufacturing (+7,2%), community, social and personal services3 (+4,8%), electricity, gas and water supply (+4,0%), transport, storage and communication (+3,9%), trade (+3,7%) and construction (+1,1%).

Purchases amounted to R6 254 177 million in 2019, representing an increase of 6,6% compared with the revised estimate for 2018. Electricity, gas and water supply reported the largest increase (+20,1%), followed by mining and quarrying (+16,9%), forestry and fishing (+9,9%), activities auxiliary to financial intermediation, real estate and other business services2 (+9,3%), manufacturing (+8,1%), community, social and personal services3 (+6,0%), trade (+4,8%), transport, storage and communication (+3,6%) and construction (+1,3%). Employment cost amounted to R1 438 621 million in 2019, representing an increase of 3,6% compared with the revised estimate for 2018. Electricity, gas and water supply reported the largest increase (+12,1%), followed by community, social and personal services3 (+8,1%), mining and quarrying (+5,7%), trade (+4,7%), manufacturing (+3,6%), forestry and fishing (+3,1%), activities auxiliary to financial intermediation, real estate and other business services2 (+2,0%) and transport, storage and communication (+1,7%). A decrease was reported for construction (-2,0%). Capital expenditure on assets amounted to R475 732 million in 2019, representing a decrease of 3,3% compared with the revised estimate for 2018. The largest decrease was reported for electricity, gas and water supply (-27,7%), followed by construction (-23,7%), transport, storage and communication (-4,9%), trade (-1,1%) and forestry and fishing (-0,6%). Increases were reported for mining and quarrying (+12,9%), community, social and personal services3 (+9,5%), manufacturing (+4,1%) and activities auxiliary to financial intermediation, real estate and other business services2 (+0,3%). The carrying value of property, plant and equipment and intangible assets amounted to R3 407 427 million in 2019, a decrease of 0,7% compared with the revised estimate for 2018. The largest decrease was reported for electricity, gas and water supply (-13,2%), followed by community, social and personal services3 (-2,3%) and transport, storage and communication (-0,4%). Increases were reported for forestry and fishing (+11,7%), construction (+10,8%), mining and quarrying (+6,9%), manufacturing (+6,9%), activities auxiliary to financial intermediation, real estate and other business services2 (+6,8%) and trade (+0,2%). 1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services

not elsewhere classified, government and educational institutions. 2Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified. 3Excluding government and educational institutions.

Risenga Maluleke Statistician-General



Figure 1 – Comparison of turnover per industry between 2018 and 2019

SIC 1 - Forestry and fishing

SIC 2 - Mining and quarrying

SIC 3 - Manufacturing

SIC 4 - Electricity, gas and water supply

SIC 5 - Construction

SIC 6 - Trade

SIC 7 - Transport, storage and communication

SIC 8 - Activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance, pension funding and business services not elsewhere classified)

SIC 9 - Community, social and personal services (excluding government and educational institutions)



Figure 2 – Percentage contribution per industry to total turnover for 20181 Figure 3 – Percentage contribution per industry to total turnover for 20191

1The aggregates of the SIC contributions may not add up to totals due to rounding-off.






SIC 6 - Trade






Figure 4 – Time series of turnover per industry from 2001 to 2019







Figure 5 – Time series of turnover per industry from 2001 to 2019



SIC 6 - Trade





Detailed results Tables

Table 1.1 - Selected income and expenditure items: All industries1

Item

R million

20182 20193

Difference between 2018 and

2019

Income

Turnover 9 942 461 10 496 685 554 224

Dividends 104 729 93 763 -10 966

Government subsidies and incentives 34 263 35 434 1 171

Capital transfers received from government 6 067 5 746 -321

Interest 124 682 127 759 3 077

Profit on financial and other assets: disposal of assets, realisation for cash and revaluation of assets

83 528 78 249 -5 279

Profit on financial and other liabilities: redemption, liquidation or revaluation of liabilities

10 961 6 783 -4 178

Profit on foreign transactions resulting from changes in foreign exchange rates

48 518 61 586 13 068

Provisions 4 141 6 957 2 816

Research and development 2 990 2 979 -11

Royalties, franchise fees, copyright, trade names, trademarks and patent rights

10 278 10 065 -213

Other 120 228 131 836 11 608

Total income (A) 10 492 846 11 057 842 564 996

Inventories

Opening value of raw materials 221 763 235 896 14 133

Opening value of work in progress 120 144 178 222 58 078

Opening value of finished goods 568 957 618 458 49 501

Total opening value (B) 910 864 1 032 576 121 712

Closing value of raw materials 230 332 255 063 24 731

Closing value of work in progress 135 525 187 935 52 410

Closing value of finished goods 611 950 667 206 55 256

Total closing value (C) 977 807 1 110 204 132 397

1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services

not elsewhere classified, government and educational institutions. 2Revised. 3Preliminary.



Table 1.1 - Selected income and expenditure items: All industries1 (concluded)

Item

R million

20182 20193


2019

Expenditure

Purchases 5 868 099 6 254 177 386 078

Advertising 67 655 76 465 8 810

Amortisation 24 802 26 604 1 802

Bank charges 16 255 17 076 821

Bursaries 1 162 1 197 35

Computer expenses 28 495 30 031 1 536

Containers and packaging materials 15 760 16 567 807

Depreciation 251 763 270 896 19 133

Donations, sponsorships and social investment 8 449 8 994 545

Employment cost4 1 388 556 1 438 621 50 065

Excise and customs duty 167 458 173 683 6 225

Information technology (IT) security services 5 817 7 256 1 439

Insurance premiums 41 005 40 746 -259

Interest 252 983 262 012 9 029

Leasing and hiring of plant, machinery, equipment and vehicles 53 589 54 844 1 255

Losses on foreign transactions resulting from changes in foreign exchange rates

40 919 68 953 28 034

Losses on financial and other liabilities: redemption, liquidation and revaluation of liabilities

4 037 2 534 -1 503

Losses on financial and other assets: disposal of assets, realisation for cash and revaluation of assets

184 839 128 549 -56 290

Mineral rights leased 5 2 -3

Motor vehicle running expenses 57 270 61 833 4 563

Paper, printing and stationery 10 092 10 035 -57

Postal and courier services 4 173 5 154 981

Property tax 7 262 10 092 2 830

Provisions 10 392 12 140 1 748

Railage and transport-out 103 283 113 821 10 538

Rental of land, buildings and other structures including water and electricity

266 831 288 134 21 303

Repair and maintenance 115 045 126 399 11 354

Research and development 7 195 7 935 740


50 063 53 120 3 057

Security services 21 574 22 879 1 305

Staff training 8 141 8 988 847

Subcontractors 176 961 176 602 -359

Telecommunication services 22 713 21 353 -1 360

Travelling, accommodation and entertainment 41 429 43 950 2 521

Other 618 966 671 595 52 629

Total expenditure (D) 9 943 038 10 513 237 570 199

Net profit before providing for company tax and dividends (E)5 616 751 622 233 5 482

Company tax paid or provided for during the financial year 156 028 154 686 -1 342

Dividends paid or provided for during the financial year 214 514 244 021 29 507

Net profit after providing for company tax and dividends 246 209 223 526 -22 683


not elsewhere classified, government and educational institutions. 2Revised. 3Preliminary. 4Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 5E=A-B+C-D.



Table 1.2 - Selected financial position items: All industries1

Item

R million

20182 20193


2019

Assets

Non-current assets

Property, plant and equipment and intangible assets 3 431 836 3 407 427 -24 409

Long-term investments 2 743 288 3 100 385 357 097

Other non-current assets 450 342 520 296 69 954

Total non-current assets 6 625 466 7 028 108 402 642

Current assets

Trade and other receivables 1 367 027 1 483 599 116 572

Cash and cash equivalents 726 141 721 302 -4 839

Inventory 977 807 1 110 204 132 397

Other current assets 828 124 841 905 13 781

Total current assets 3 899 099 4 157 010 257 911

Total assets 10 524 565 11 185 118 660 553

Equity and liabilities

Total equity 3 479 825 3 813 201 333 376

Non-current liabilities

Long-term loans 2 294 431 2 329 637 35 206

Other non-current liabilities 1 333 022 1 515 585 182 563

Total non-current liabilities 3 627 453 3 845 222 217 769

Current liabilities

Trade and other payables 1 588 873 1 663 840 74 967

Bank overdraft 113 695 121 136 7 441

Other current liabilities 1 714 719 1 741 719 27 000

Total current liabilities 3 417 287 3 526 695 109 408

Total liabilities 7 044 740 7 371 917 327 177

Total equity and liabilities 10 524 565 11 185 118 660 553


not elsewhere classified, government and educational institutions. 2Revised. 3Preliminary.



Table 1.3 - Carrying value of property, plant and equipment and intangible assets: All industries1

20182

R million

Carrying value at the beginning of the financial

year

Additions (capital

expenditure)

Disposal of assets

Revaluation and other

adjustments to carrying

value

Transfers-in and/or

transfers-out

Depreciation and

amortisation

Carrying value at the end of the financial

year

(A) (B) (C) (D) (E) (F) (G)3

Tangible assets

Land 83 723 8 219 1 625 446 -201 861 89 701

Residential buildings 21 838 1 923 787 -45 277 616 22 590

Non-residential buildings 345 054 23 369 4 066 3 064 4 954 9 651 362 724

Construction works, roads and parking areas 173 167 14 365 941 3 425 7 557 10 236 187 337

Land improvements 2 379 403 92 269 -78 323 2 558

Network equipment 87 469 23 739 920 300 3 204 16 729 97 063

Computers and other IT equipment 91 718 10 224 972 55 8 672 13 578 96 119

Motor vehicles and other transport equipment 244 184 56 167 10 188 2 592 16 799 44 570 264 984

Plant, machinery and other office equipment 1 336 061 145 386 16 539 -19 228 149 408 146 089 1 448 999

Capital work in progress 462 695 156 774 3 150 -28 834 -201 710 867 384 908

Other property, plant and equipment 122 323 18 370 3 050 -4 869 -1 937 11 648 119 189

Intangible assets

Computer software 37 215 9 586 449 1 335 1 413 10 164 38 936

Databases 1 577 77 16 0 0 297 1 341

Mineral exploration 30 333 4 029 91 -1 203 -80 1 219 31 769

Patents and trademarks 25 992 1 861 97 -925 1 216 2 926 25 121

Goodwill and marketing assets 177 073 7 192 3 707 -8 872 -745 2 795 168 146

Research and development 9 443 1 993 117 3 -208 975 10 139

Entertainment, literary and artistic originals 813 234 0 0 0 191 856

Contracts, leases and licences 45 737 2 519 111 -63 -604 3 477 44 001

Capital work in progress 4 006 2 285 31 -230 -2 579 228 3 223

Other intellectual property and products 32 401 3 033 914 222 -79 2 531 32 132

Total 3 335 201 491 748 47 863 -52 558 -14 721 279 971 3 431 836

1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services not elsewhere classified, government and educational institutions. 2Revised. 3G=A+B-C+D+E-F.



Table 1.3 - Carrying value of property, plant and equipment and intangible assets: All industries (concluded)1

20192

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation

Carrying value at the end of the financial

year

(A) (B) (C) (D) (E) (F) (G)3

Tangible assets

Land 82 568 7 145 4 065 713 798 889 86 270

Residential buildings 25 309 4 491 167 98 128 653 29 206

Non-residential buildings 384 686 17 591 9 001 -224 7 396 10 942 389 506

Construction works, roads and parking areas 190 450 12 964 679 -23 744 2 332 10 290 171 033

Land improvements 2 608 646 43 -35 165 393 2 948

Network equipment 97 298 23 036 297 -1 469 1 514 17 389 102 693

Computers and other IT equipment 97 067 9 931 912 198 718 14 288 92 714


Plant, machinery and other office equipment 1 334 358 166 291 21 502 -1 355 27 593 162 606 1 342 779

Capital work in progress 387 007 125 836 4 129 -18 588 -63 828 1 375 424 923

Other property, plant and equipment 125 390 19 480 4 511 -3 718 3 684 12 443 127 882

Intangible assets

Computer software 41 350 12 918 854 184 1 217 11 451 43 364

Databases 1 479 201 0 8 0 307 1 381

Mineral exploration 36 010 442 330 -680 3 1 068 34 377

Patents and trademarks 27 649 5 035 1 781 -1 240 1 001 3 138 27 526

Goodwill and marketing assets 171 723 5 355 3 133 -9 365 309 2 371 162 518

Research and development 10 113 2 467 95 -35 -8 1 220 11 222


Contracts, leases and licences 56 394 2 724 1 136 -2 014 457 4 415 52 010


Other intellectual property and products 31 495 3 117 257 -2 333 -608 2 472 28 942

Total 3 371 576 475 732 63 756 -62 447 -9 568 304 110 3 407 427

1All industries in the South African economy, excluding agriculture, hunting, financial intermediation, insurance, pension funding, other business services not elsewhere classified, government and educational institutions. 2Preliminary. 3G=A+B-C+D+E-F.



Table 2.1 - Selected income and expenditure items: Forestry and fishing

Item

R million

20181 20192


2019

Income

Turnover 33 909 36 501 2 592

Dividends 101 311 210

Government subsidies and incentives 699 709 10

Capital transfers received from government 0 0 0

Interest 206 335 129


1 915 2 811 896


1 0 -1


93 100 7

Provisions 6 2 -4

Research and development 0 0 0


3 4 1

Other 707 643 -64

Total income (A) 37 640 41 416 3 776

Inventories

Opening value of raw materials 987 1 277 290

Opening value of work in progress 331 295 -36

Opening value of finished goods 1 707 1 565 -142

Total opening value (B) 3 025 3 137 112

Closing value of raw materials 1 180 1 699 519

Closing value of work in progress 339 318 -21

Closing value of finished goods 1 594 1 702 108

Total closing value (C) 3 113 3 719 606

1Revised. 2Preliminary.



Table 2.1 - Selected income and expenditure items: Forestry and fishing (concluded)

Item

R million

20181 20192


2019

Expenditure

Purchases 16 581 18 225 1 644

Advertising 101 105 4

Amortisation 39 35 -4

Bank charges 42 44 2

Bursaries 0 0 0

Computer expenses 21 22 1

Containers and packaging materials 88 104 16

Depreciation 1 543 1 638 95

Donations, sponsorships and social investment 29 20 -9

Employment cost3 6 615 6 819 204

Excise and customs duty 34 39 5

Information technology (IT) security services 13 18 5

Insurance premiums 231 248 17

Interest 1 071 1 124 53

Leasing and hiring of plant, machinery, equipment and vehicles 226 266 40


113 55 -58


1 0 -1


822 850 28

Mineral rights leased 0 0 0

Motor vehicle running expenses 348 371 23

Paper, printing and stationery 24 24 0

Postal and courier services 9 9 0

Property tax 8 8 0

Provisions 30 58 28

Railage and transport-out 799 774 -25


560 588 28

Repair and maintenance 1 456 1 707 251



58 67 9

Security services 71 61 -10

Staff training 84 95 11

Subcontractors 276 249 -27

Telecommunication services 57 59 2

Travelling, accommodation and entertainment 108 100 -8

Other 3 133 3 354 221

Total expenditure (D) 34 602 37 153 2 551


Company tax paid or provided for during the financial year 720 1 164 444


Net profit after providing for company tax and dividends 1 002 -1 096 -2 098

1Revised. 2Preliminary. 3Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 4E=A-B+C-D.



Table 2.2 - Selected financial position items: Forestry and fishing

Item

R million

20181 20192


2019

Assets

Non-current assets

Property, plant and equipment and intangible assets 14 276 15 944 1 668

Long-term investments 3 691 4 515 824

Other non-current assets 15 091 15 988 897

Total non-current assets 33 058 36 447 3 389

Current assets

Trade and other receivables 5 663 6 386 723

Cash and cash equivalents 2 267 2 753 486

Inventory 3 113 3 719 606

Other current assets 6 018 5 205 -813

Total current assets 17 061 18 063 1 002

Total assets 50 119 54 510 4 391


Total equity 22 345 26 698 4 353


Long-term loans 8 231 10 374 2 143

Other non-current liabilities 7 227 7 723 496

Total non-current liabilities 15 458 18 097 2 639

Current liabilities

Trade and other payables 4 460 5 460 1 000

Bank overdraft 377 512 135

Other current liabilities 7 479 3 743 -3 736

Total current liabilities 12 316 9 715 -2 601

Total liabilities 27 774 27 812 38

Total equity and liabilities 50 119 54 510 4 391




Table 2.3 - Carrying value of property, plant and equipment and intangible assets: Forestry and fishing

20181

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation

Carrying value at the end of the

financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 1 351 80 77 45 0 4 1 395

Residential buildings 83 2 0 0 0 0 85

Non-residential buildings 1 871 121 3 27 118 111 2 023

Construction works, roads and parking areas 178 1 1 0 0 5 173

Land improvements 2 0 0 0 0 0 2

Network equipment 0 0 0 0 0 0 0

Computers and other IT equipment 27 12 0 0 3 14 28

Motor vehicles and other transport equipment 1 768 710 48 23 0 325 2 128

Plant, machinery and other office equipment 7 277 587 188 -343 661 1 025 6 969

Capital work in progress 670 908 6 143 -860 0 855

Other property, plant and equipment 229 32 3 0 73 72 259

Intangible assets

Computer software 9 1 0 0 0 4 6

Databases 0 0 0 0 0 0 0

Mineral exploration 0 0 0 0 0 0 0

Patents and trademarks 22 0 0 0 0 1 21

Goodwill and marketing assets 90 0 0 0 0 6 84

Research and development 0 0 0 0 0 0 0


Contracts, leases and licences 194 0 0 0 0 28 166

Capital work in progress 0 0 0 0 0 0 0

Other intellectual property and products 85 0 0 -3 0 0 82

Total 13 856 2 454 326 -108 -5 1 595 14 276

1Revised. 2G=A+B-C+D+E-F.



Table 2.3 - Carrying value of property, plant and equipment and intangible assets: Forestry and fishing (concluded)

20191

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 1 770 129 16 62 0 5 1 940


Non-residential buildings 2 196 99 44 12 88 114 2 237





Motor vehicles and other transport equipment 2 420 422 217 -18 15 389 2 233

Plant, machinery and other office equipment 7 061 760 128 -78 731 1 044 7 302

Capital work in progress 820 939 0 -7 -884 0 868

Other property, plant and equipment 264 31 7 0 40 82 246

Intangible assets


Databases 0 0 0 0 0 0 0








Other intellectual property and products 95 0 0 0 0 0 95

Total 15 639 2 440 416 -29 0 1 690 15 944

1Preliminary. 2G=A+B-C+D+E-F.



Table 3.1 - Selected income and expenditure items: Mining and quarrying

Item

R million

20181 20192


2019

Income

Turnover 667 413 750 489 83 076

Dividends 11 359 13 174 1 815



Interest 9 699 10 133 434


14 877 15 985 1 108


5 426 4 406 -1 020


7 466 6 398 -1 068

Provisions 1 013 501 -512



472 1 566 1 094

Other 12 277 14 844 2 567

Total income (A) 730 003 817 503 87 500

Inventories

Opening value of raw materials 17 208 17 338 130



Total opening value (B) 68 908 78 100 9 192




Total closing value (C) 77 881 98 564 20 683




Table 3.1 - Selected income and expenditure items: Mining and quarrying (concluded)

Item

R million

20181 20192


2019

Expenditure

Purchases 258 893 302 611 43 718


Amortisation 2 427 3 471 1 044

Bank charges 198 202 4

Bursaries 51 46 -5



Depreciation 45 045 45 333 288


Employment cost3 131 363 138 906 7 543



Insurance premiums 1 476 1 763 287

Interest 23 513 23 414 -99



5 137 5 680 543


1 168 1 134 -34


66 812 35 191 -31 621

Mineral rights leased 5 2 -3

Motor vehicle running expenses 1 183 1 164 -19


Postal and courier services 30 28 -2

Property tax 91 113 22

Provisions 1 958 2 425 467



29 324 32 652 3 328




7 155 8 504 1 349

Security services 1 067 1 191 124

Staff training 635 632 -3

Subcontractors 24 210 26 783 2 573

Telecommunication services 270 271 1

Travelling, accommodation and entertainment 762 758 -4

Other 60 184 65 496 5 312



Company tax paid or provided for during the financial year 15 937 25 069 9 132


Net profit after providing for company tax and dividends -7 579 26 817 34 396




Table 3.2 - Selected financial position items: Mining and quarrying

Item

R million

20181 20192


2019

Assets

Non-current assets


Long-term investments 298 802 315 652 16 850



Current assets

Trade and other receivables 103 011 115 055 12 044

Cash and cash equivalents 45 349 49 865 4 516

Inventory 77 881 98 564 20 683

Other current assets 79 344 72 828 -6 516


Total assets 1 138 821 1 223 677 84 856


Total equity 434 613 461 290 26 677


Long-term loans 224 936 230 508 5 572

Other non-current liabilities 182 799 205 426 22 627


Current liabilities


Bank overdraft 1 889 4 118 2 229

Other current liabilities 180 632 194 760 14 128

Total current liabilities 296 473 326 453 29 980

Total liabilities 704 208 762 387 58 179





Table 3.3 - Carrying value of property, plant and equipment and intangible assets: Mining and quarrying

20181

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 8 496 1 284 45 67 125 503 9 424

Residential buildings 4 947 115 45 -86 19 331 4 619

Non-residential buildings 18 964 1 258 74 -375 420 869 19 324

Construction works, roads and parking areas 76 492 5 398 28 -3 728 3 528 4 463 77 199

Land improvements 673 37 1 213 -21 55 846



Motor vehicles and other transport equipment 12 710 2 370 286 246 975 3 145 12 870

Plant, machinery and other office equipment 238 898 23 720 1 666 -19 747 8 607 29 491 220 321

Capital work in progress 51 389 23 353 63 -10 441 -14 070 435 49 733

Other property, plant and equipment 64 872 10 046 134 -4 356 -2 444 6 116 61 868

Intangible assets

Computer software 364 145 4 -35 -3 196 271

Databases 0 0 0 0 0 0 0

Mineral exploration 30 123 4 001 91 -1 168 -80 1 216 31 569

Patents and trademarks 214 3 0 -31 0 18 168

Goodwill and marketing assets 6 525 297 11 -1 326 0 39 5 446

Research and development 5 229 1 191 1 12 -116 364 5 951


Contracts, leases and licences 11 289 64 21 0 -27 339 10 966

Capital work in progress 13 0 0 -11 0 2 0

Other intellectual property and products 1 874 665 183 -20 -14 254 2 068

Total 533 713 74 208 2 658 -40 720 -3 021 48 124 513 398




Table 3.3 - Carrying value of property, plant and equipment and intangible assets: Mining and quarrying (concluded)

20191

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 8 566 239 225 54 201 399 8 436

Residential buildings 4 795 255 47 36 1 367 4 673

Non-residential buildings 19 518 1 117 112 -537 1 110 941 20 155

Construction works, roads and parking areas 77 413 7 391 32 -1 369 -703 4 044 78 656

Land improvements 854 149 6 -104 15 61 847






Other property, plant and equipment 64 656 7 765 2 112 -4 304 2 395 5 720 62 680

Intangible assets


Databases 1 1 0 0 0 0 2

Mineral exploration 35 838 434 330 -709 3 1 063 34 173


Goodwill and marketing assets 6 351 0 203 -152 0 34 5 962

Research and development 5 997 1 623 0 -4 21 556 7 081


Contracts, leases and licences 22 185 304 1 -44 39 1 334 21 149


Other intellectual property and products 2 481 797 112 48 5 324 2 895

Total 541 419 83 800 8 661 -18 431 1 039 50 182 548 984




Table 4.1 - Selected income and expenditure items: Manufacturing

Item

R million

20181 20192


2019

Income

Turnover 2 676 526 2 868 930 192 404

Dividends 22 570 15 314 -7 256

Government subsidies and incentives 9 955 8 514 -1 441


Interest 17 378 19 322 1 944


11 311 11 565 254


424 463 39


9 255 10 719 1 464

Provisions 2 300 1 607 -693

Research and development 283 63 -220


919 857 -62

Other 23 029 23 635 606

Total income (A) 2 773 950 2 960 996 187 046

Inventories






Closing value of work in progress 46 157 46 606 449






Table 4.1 - Selected income and expenditure items: Manufacturing (concluded)

Item

R million

20181 20192


2019

Expenditure

Purchases 1 787 671 1 931 857 144 186

Advertising 21 721 24 594 2 873

Amortisation 3 231 4 022 791

Bank charges 2 515 2 707 192

Bursaries 148 129 -19

Computer expenses 6 844 7 642 798


Depreciation 55 680 59 663 3 983

Donations, sponsorships and social investment 861 1 106 245

Employment cost3 300 264 311 138 10 874

Excise and customs duty 58 894 67 745 8 851



Interest 42 438 40 545 -1 893



9 305 15 514 6 209


414 572 158


43 533 21 455 -22 078



Paper, printing and stationery 1 527 1 528 1


Property tax 1 377 1 398 21

Provisions 1 957 2 115 158



60 997 62 032 1 035


Research and development 2 621 2 466 -155


11 057 11 878 821




Telecommunication services 3 340 3 374 34

Travelling, accommodation and entertainment 6 579 7 030 451

Other 122 530 136 428 13 898


Net profit before providing for company tax and dividends (E)4 135 649 127 786 -7 863







Table 4.2 - Selected financial position items: Manufacturing

Item

R million

20181 20192


2019

Assets

Non-current assets





Current assets



Inventory 362 697 382 520 19 823

Other current assets 108 428 103 875 -4 553

Total current assets 977 686 1 011 584 33 898

Total assets 1 862 089 1 968 836 106 747


Total equity 665 634 697 077 31 443


Long-term loans 356 052 372 567 16 515

Other non-current liabilities 127 872 126 267 -1 605


Current liabilities


Bank overdraft 34 211 39 824 5 613








Table 4.3 - Carrying value of property, plant and equipment and intangible assets: Manufacturing

20181

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 15 804 1 424 416 69 7 190 16 698


Non-residential buildings 66 190 6 691 1 268 150 3 031 2 965 71 829

Construction works, roads and parking areas 3 957 584 157 36 -277 411 3 732







Other property, plant and equipment 8 574 2 610 1 288 -339 105 1 337 8 325

Intangible assets

Computer software 4 371 1 470 38 521 129 1 355 5 098

Databases 85 0 0 0 0 20 65

Mineral exploration 203 26 0 -35 0 2 192

Patents and trademarks 7 788 765 7 -487 55 374 7 740

Goodwill and marketing assets 66 128 2 213 398 -995 -760 357 65 831

Research and development 1 706 234 68 35 -75 186 1 646


Contracts, leases and licences 5 465 311 11 -58 -510 494 4 703


Other intellectual property and products 11 833 553 88 390 -568 440 11 680

Total 582 465 106 285 11 660 -19 902 -4 570 59 431 593 187




Table 4.3 - Carrying value of property, plant and equipment and intangible assets: Manufacturing (concluded)

20191

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 18 666 2 162 1 299 234 631 242 20 152


Non-residential buildings 71 908 4 904 1 491 982 522 3 196 73 629

Construction works, roads and parking areas 3 756 715 100 -50 193 468 4 046




Motor vehicles and other transport equipment 19 693 6 032 1 125 96 157 5 193 19 660

Plant, machinery and other office equipment 344 580 48 368 9 123 6 271 9 765 48 780 351 081


Other property, plant and equipment 9 369 3 398 1 427 165 496 1 736 10 265

Intangible assets


Databases 142 18 0 0 0 48 112


Patents and trademarks 8 087 1 867 1 656 -27 13 435 7 849

Goodwill and marketing assets 70 945 2 346 937 -3 040 -320 776 68 218

Research and development 1 680 257 63 -31 -25 165 1 653


Contracts, leases and licences 8 480 194 991 -57 1 548 7 079


Other intellectual property and products 12 011 475 41 -2 111 -7 509 9 818

Total 624 423 110 625 20 325 -10 632 -4 380 65 350 634 361




Table 5.1 - Selected income and expenditure items: Electricity, gas and water supply

Item

R million

20181 20192


2019

Income

Turnover 244 658 254 343 9 685

Dividends 38 37 -1


Capital transfers received from government 1 050 1 532 482

Interest 3 811 3 790 -21


991 866 -125


93 35 -58


10 080 22 337 12 257

Provisions 0 0 0



0 0 0

Other 2 259 3 457 1 198

Total income (A) 263 309 286 770 23 461

Inventories


Opening value of work in progress 753 1 084 331

Opening value of finished goods 249 310 61



Closing value of work in progress 821 1 017 196

Closing value of finished goods 304 349 45





Table 5.1 - Selected income and expenditure items: Electricity, gas and water supply (concluded)

Item

R million

20181 20192


2019

Expenditure

Purchases 104 681 125 746 21 065

Advertising 143 61 -82

Amortisation 1 103 1 097 -6

Bank charges 79 70 -9



Containers and packaging materials 7 5 -2

Depreciation 29 901 36 515 6 614


Employment cost3 30 648 34 345 3 697


Information technology (IT) security services 763 733 -30

Insurance premiums 5 311 3 580 -1 731

Interest 32 482 36 520 4 038

Leasing and hiring of plant, machinery, equipment and vehicles 450 772 322


12 366 25 949 13 583


53 39 -14


1 888 2 431 543



Paper, printing and stationery 102 90 -12



Provisions 4 237 4 086 -151



2 926 3 215 289

Repair and maintenance 10 381 9 830 -551



13 26 13

Security services 925 943 18

Staff training 166 132 -34


Telecommunication services 277 197 -80

Travelling, accommodation and entertainment 1 626 1 138 -488

Other 9 538 14 124 4 586


Net profit before providing for company tax and dividends (E)4 9 836 -17 228 -27 064

Company tax paid or provided for during the financial year 2 000 -6 199 -8 199

Dividends paid or provided for during the financial year 4 421 4 888 467

Net profit after providing for company tax and dividends 3 415 -15 917 -19 332




Table 5.2 - Selected financial position items: Electricity, gas and water supply

Item

R million

20181 20192


2019

Assets

Non-current assets

Property, plant and equipment and intangible assets 911 767 791 108 -120 659



Total non-current assets 941 403 829 643 -111 760

Current assets

Trade and other receivables 36 384 36 898 514


Inventory 25 491 28 039 2 548


Total current assets 108 267 101 189 -7 078

Total assets 1 049 670 930 832 -118 838


Total equity 216 946 196 151 -20 795


Long-term loans 485 933 470 823 -15 110

Other non-current liabilities 152 887 123 827 -29 060

Total non-current liabilities 638 820 594 650 -44 170

Current liabilities

Trade and other payables 113 692 47 754 -65 938

Bank overdraft 52 3 -49



Total liabilities 832 724 734 681 -98 043

Total equity and liabilities 1 049 670 930 832 -118 838




Table 5.3 - Carrying value of property, plant and equipment and intangible assets: Electricity, gas and water supply

20181

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 2 070 0 0 0 1 0 2 071


Non-residential buildings 17 771 185 31 2 073 395 461 19 932






Plant, machinery and other office equipment 442 907 10 470 893 -397 115 584 23 201 544 470


Other property, plant and equipment 22 738 800 39 5 57 622 22 939

Intangible assets

Computer software 1 499 240 3 27 13 509 1 267

Databases 0 0 0 0 0 0 0



Goodwill and marketing assets 59 0 0 -8 0 4 47






Total 864 316 79 859 1 555 406 -142 31 117 911 767




Table 5.3 - Carrying value of property, plant and equipment and intangible assets: Electricity, gas and water supply (concluded)

20191

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 2 275 108 0 0 0 0 2 383


Non-residential buildings 19 141 387 14 -20 814 752 19 556

Construction works, roads and parking areas 2 037 255 9 0 2 347 1 938



Computers and other IT equipment 71 970 211 4 0 3 4 724 67 456

Motor vehicles and other transport equipment 5 599 337 60 -6 -1 1 111 4 758

Plant, machinery and other office equipment 407 065 22 932 953 4 1 275 29 329 400 994

Capital work in progress 228 279 32 893 821 460 -2 661 1 258 149

Other property, plant and equipment 21 407 11 0 0 295 476 21 237

Intangible assets

Computer software 1 279 334 12 7 7 525 1 090

Databases 0 0 0 0 0 0 0







Capital work in progress 2 910 92 3 -143 -49 24 2 783


Total 773 313 57 713 1 877 106 -309 37 838 791 108




Table 6.1 - Selected income and expenditure items: Construction

Item

R million

20181 20192


2019

Income

Turnover 475 336 480 662 5 326

Dividends 2 375 1 862 -513

Government subsidies and incentives 384 339 -45


Interest 7 611 8 106 495


5 799 2 430 -3 369


0 0 0


5 018 4 184 -834

Provisions 4 24 20



0 0 0

Other 5 402 7 094 1 692

Total income (A) 501 935 504 870 2 935

Inventories

Opening value of raw materials 11 699 2 394 -9 305




Closing value of raw materials 3 586 2 604 -982







Table 6.1 - Selected income and expenditure items: Construction (concluded)

Item

R million

20181 20192


2019

Expenditure

Purchases 248 363 251 488 3 125


Amortisation 215 183 -32

Bank charges 720 701 -19

Bursaries 18 11 -7

Computer expenses 821 806 -15


Depreciation 10 876 10 815 -61


Employment cost3 93 035 91 166 -1 869

Excise and customs duty 47 38 -9



Interest 10 773 10 937 164

Leasing and hiring of plant, machinery, equipment and vehicles 5 734 4 874 -860


793 1 123 330


0 0 0


6 776 4 047 -2 729


Motor vehicle running expenses 6 935 7 067 132




Provisions 168 416 248

Railage and transport-out 1 574 1 530 -44


7 376 7 363 -13




1 333 1 578 245

Security services 1 059 887 -172


Subcontractors 57 043 48 195 -8 848

Telecommunication services 1 534 1 389 -145


Other 21 952 22 777 825

Total expenditure (D) 490 274 480 268 -10 006


Company tax paid or provided for during the financial year 6 495 6 358 -137

Dividends paid or provided for during the financial year 2 725 2 650 -75

Net profit after providing for company tax and dividends 4 810 12 159 7 349




Table 6.2 - Selected financial position items: Construction

Item

R million

20181 20192


2019

Assets

Non-current assets


Long-term investments 61 725 54 812 -6 913

Other non-current assets 84 115 73 424 -10 691

Total non-current assets 218 479 208 694 -9 785

Current assets



Inventory 57 480 97 340 39 860



Total assets 471 666 530 420 58 754


Total equity 102 135 111 719 9 584


Long-term loans 134 464 198 822 64 358



Current liabilities


Bank overdraft 6 020 6 837 817








Table 6.3 - Carrying value of property, plant and equipment and intangible assets: Construction

20181

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 3 764 360 44 -6 0 1 4 073


Non-residential buildings 5 070 173 306 -66 -123 93 4 655




Computers and other IT equipment 456 257 12 5 -11 207 488

Motor vehicles and other transport equipment 15 370 5 416 811 -537 1 313 3 943 16 808

Plant, machinery and other office equipment 39 397 10 906 2 044 108 -28 6 678 41 661


Other property, plant and equipment 2 902 143 969 -532 0 19 1 525

Intangible assets

Computer software 340 62 0 -88 22 91 245

Databases 1 0 0 0 0 0 1








Other intellectual property and products 80 53 0 -92 0 10 31

Total 70 698 17 819 4 223 -1 506 1 070 11 219 72 639




Table 6.3 - Carrying value of property, plant and equipment and intangible assets: Construction (concluded)

20191

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets Land 4 950 154 184 13 0 0 4 933



Construction works, roads and parking areas 389 112 5 -1 6 38 463



Computers and other IT equipment 415 186 12 1 -1 165 424

Motor vehicles and other transport equipment 15 923 4 647 1 319 -142 92 4 307 14 894



Other property, plant and equipment 847 470 1 1 0 103 1 214

Intangible assets

Computer software 258 96 25 -7 10 85 247

Databases 1 0 0 0 0 0 1









Total 84 437 13 595 5 708 -14 -556 11 296 80 458




Table 7.1 - Selected income and expenditure items: Trade

Item

R million

20181 20192


2019

Income

Turnover 3 694 520 3 830 762 136 242

Dividends 8 643 10 347 1 704



Interest 26 033 28 357 2 324


9 581 9 151 -430


46 29 -17


6 206 7 098 892

Provisions 109 122 13



1 913 1 646 -267

Other 27 608 30 165 2 557

Total income (A) 3 774 913 3 917 970 143 057

Inventories


Opening value of work in progress 3 811 3 779 -32










Table 7.1 - Selected income and expenditure items: Trade (concluded)

Item

R million

20181 20192


2019

Expenditure

Purchases 2 834 776 2 969 673 134 897

Advertising 25 625 29 713 4 088


Bank charges 8 484 8 436 -48

Bursaries 137 215 78



Depreciation 31 393 33 814 2 421


Employment cost3 304 166 318 385 14 219

Excise and customs duty 34 460 32 794 -1 666



Interest 47 447 39 165 -8 282



5 610 9 131 3 521


209 44 -165


17 384 19 958 2 574



Paper, printing and stationery 3 159 3 229 70

Postal and courier services 1 743 2 856 1 113

Property tax 1 508 1 473 -35

Provisions 677 1 360 683



88 239 89 723 1 484




7 717 8 028 311

Security services 6 834 6 764 -70


Subcontractors 5 052 5 105 53


Travelling, accommodation and entertainment 9 867 10 568 701

Other 137 365 145 358 7 993



Company tax paid or provided for during the financial year 35 237 35 590 353

Dividends paid or provided for during the financial year 33 663 34 118 455





Table 7.2 - Selected financial position items: Trade

Item

R million

20181 20192


2019

Assets

Non-current assets

Property, plant and equipment and intangible assets 329 660 330 236 576




Current assets


Cash and cash equivalents 162 679 179 998 17 319

Inventory 396 686 440 421 43 735


Total current assets 1 046 593 1 153 866 107 273

Total assets 1 566 050 1 685 984 119 934


Total equity 461 782 529 846 68 064


Long-term loans 253 772 258 284 4 512



Current liabilities


Bank overdraft 42 447 46 970 4 523








Table 7.3 - Carrying value of property, plant and equipment and intangible assets: Trade

20181

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 31 991 2 987 415 52 4 28 34 591

Residential buildings 4 300 135 1 -1 -8 71 4 354

Non-residential buildings 89 594 7 676 1 659 -188 -409 1 258 93 756

Construction works, roads and parking areas 7 311 3 934 399 -852 -121 1 243 8 630


Network equipment 185 45 9 -2 3 96 126


Motor vehicles and other transport equipment 26 520 10 297 1 752 406 -6 7 368 28 097

Plant, machinery and other office equipment 82 475 27 504 3 772 685 -3 535 19 015 84 342


Other property, plant and equipment 3 114 620 78 -47 -34 351 3 224

Intangible assets

Computer software 8 764 1 819 235 1 010 165 1 860 9 663

Databases 253 60 1 0 0 88 224


Patents and trademarks 3 933 88 77 -2 -3 252 3 687

Goodwill and marketing assets 45 609 1 529 2 458 -5 111 -86 1 131 38 352

Research and development 109 26 27 5 -7 8 98





Total 325 676 61 954 11 463 -4 311 -6 367 35 829 329 660




Table 7.3 - Carrying value of property, plant and equipment and intangible assets: Trade (concluded)

20191

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 27 024 2 862 1 847 -36 -15 45 27 943


Non-residential buildings 96 252 5 453 2 810 -843 324 1 453 96 923

Construction works, roads and parking areas 9 918 2 291 371 -297 -135 1 399 10 007




Motor vehicles and other transport equipment 24 629 8 933 2 271 403 58 7 166 24 586

Plant, machinery and other office equipment 87 468 29 270 3 018 80 -3 475 20 715 89 610


Other property, plant and equipment 3 638 2 262 132 13 25 1 094 4 712

Intangible assets


Databases 256 1 0 0 0 88 169


Patents and trademarks 3 981 91 56 1 -37 305 3 675

Goodwill and marketing assets 44 805 1 217 1 605 -5 621 1 952 37 845






Total 329 953 61 280 12 844 -5 824 -4 149 38 180 330 236




Table 8.1 - Selected income and expenditure items: Transport, storage and communication

Item

R million

20181 20192


2019

Income

Turnover 867 572 901 157 33 585

Dividends 1 273 1 207 -66

Government subsidies and incentives 9 606 10 431 825

Capital transfers received from government 4 672 3 718 -954

Interest 11 933 10 475 -1 458


4 041 8 855 4 814


4 104 1 592 -2 512


3 904 1 950 -1 954

Provisions 417 288 -129



0 1 1

Other 12 421 11 880 -541

Total income (A) 919 943 951 558 31 615

Inventories


Opening value of work in progress 737 1 058 321

Opening value of finished goods 11 256 10 444 -812

Total opening value (B) 18 206 17 742 -464

Closing value of raw materials 6 397 5 850 -547

Closing value of work in progress 1 042 982 -60






Table 8.1 - Selected income and expenditure items: Transport, storage and communication (concluded)

Item

R million

20181 20192


2019

Expenditure

Purchases 310 467 321 638 11 171

Advertising 6 395 6 537 142


Bank charges 1 157 1 415 258

Bursaries 55 26 -29

Computer expenses 4 710 4 704 -6


Depreciation 49 760 50 948 1 188

Donations, sponsorships and social investment 372 486 114

Employment cost3 134 625 136 883 2 258

Excise and customs duty 73 887 72 948 -939



Interest 33 944 33 335 -609

Leasing and hiring of plant, machinery, equipment and vehicles 17 746 16 663 -1 083


3 897 5 289 1 392


85 13 -72


6 191 15 457 9 266


Motor vehicle running expenses 10 593 13 355 2 762

Paper, printing and stationery 726 703 -23


Property tax 452 450 -2




27 113 30 398 3 285




503 896 393






Other 69 688 79 611 9 923



Company tax paid or provided for during the financial year 15 857 20 718 4 861

Dividends paid or provided for during the financial year 20 807 19 446 -1 361





Table 8.2 - Selected financial position items: Transport, storage and communication

Item

R million

20181 20192


2019

Assets

Non-current assets



Other non-current assets 30 924 28 261 -2 663


Current assets



Inventory 17 623 19 016 1 393



Total assets 1 085 061 1 099 892 14 831


Total equity 355 479 350 002 -5 477


Long-term loans 248 485 254 989 6 504



Current liabilities


Bank overdraft 5 311 6 915 1 604








Table 8.3 - Carrying value of property, plant and equipment and intangible assets: Transport, storage and communication

20181

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 6 666 87 14 90 -25 24 6 780



Construction works, roads and parking areas 75 035 2 140 212 8 002 4 131 2 920 86 176


Network equipment 85 802 23 434 886 351 3 184 16 472 95 413



Plant, machinery and other office equipment 139 360 7 669 657 4 241 17 545 9 573 158 585


Other property, plant and equipment 6 392 585 140 395 250 1 174 6 308

Intangible assets

Computer software 15 240 3 254 49 -10 1 010 4 278 15 167

Databases 1 066 0 15 0 0 157 894


Patents and trademarks 866 826 0 0 1 081 1 874 899

Goodwill and marketing assets 9 465 518 10 -35 -1 681 9 256



Contracts, leases and licences 6 681 1 750 0 12 -10 1 070 7 363



Total 615 433 91 511 5 912 14 514 -272 60 287 654 987




Table 8.3 - Carrying value of property, plant and equipment and intangible assets: Transport, storage and communication (concluded)

20191

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)2

Tangible assets

Land 7 613 94 109 68 19 21 7 664

Residential buildings 806 2 827 0 0 -1 34 3 598


Construction works, roads and parking areas 86 270 295 37 -22 060 3 526 2 914 65 080

Land improvements 95 128 14 -11 5 78 125

Network equipment 96 929 22 921 257 -1 469 1 493 17 213 102 404


Motor vehicles and other transport equipment 145 103 17 668 3 260 970 10 007 16 731 153 757

Plant, machinery and other office equipment 160 862 8 933 518 -3 459 3 485 10 011 159 292


Other property, plant and equipment 6 453 849 533 97 296 1 340 5 822

Intangible assets

Computer software 15 533 4 365 136 -191 912 4 943 15 540

Databases 904 107 0 0 0 132 879






Contracts, leases and licences 7 417 1 100 17 -1 694 -10 945 5 851

Capital work in progress 1 160 1 577 54 -12 -1 918 2 751


Total 661 095 87 013 5 385 -27 436 -1 022 62 097 652 168




Table 9.1 - Selected income and expenditure: Activities auxiliary to financial intermediation, real

estate and other business services1

Item

R million

20182 20193


2019

Income

Turnover 994 995 1 072 425 77 430

Dividends 56 271 49 684 -6 587

Government subsidies and incentives 6 275 6 696 421

Capital transfers received from government 339 320 -19

Interest 43 477 43 184 -293


34 142 25 267 -8 875


829 214 -615


6 164 8 614 2 450

Provisions 88 4 379 4 291



5 153 4 256 -897

Other 25 388 26 564 1 176

Total income (A) 1 175 614 1 244 364 68 750

Inventories


Opening value of work in progress 9 439 10 104 665




Closing value of work in progress 11 226 9 551 -1 675



1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified. 2Revised. 3Preliminary.



Table 9.1 - Selected income and expenditure: Activities auxiliary to financial intermediation, real estate and other business services (concluded)1

Item

R million

20182 20193


2019

Expenditure

Purchases 238 863 261 083 22 220

Advertising 8 586 9 708 1 122

Amortisation 3 268 3 971 703

Bank charges 2 021 2 177 156


Computer expenses 7 880 7 538 -342


Depreciation 19 233 22 176 2 943


Employment cost4 300 172 306 231 6 059

Excise and customs duty 96 54 -42

Information technology (IT) security services 3 009 3 902 893


Interest 55 218 69 896 14 678



3 311 5 790 2 479


1 877 532 -1 345


39 579 27 845 -11 734



Paper, printing and stationery 2 850 2 641 -209


Property tax 3 292 5 986 2 694

Provisions 722 1 105 383

Railage and transport-out 1 830 2 643 813


34 757 45 034 10 277




13 821 14 337 516



Subcontractors 32 745 30 542 -2 203



Other 144 561 150 594 6 033

Total expenditure (D) 974 117 1 043 952 69 835





1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified. 2Revised. 3Preliminary. 4Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 5E=A-B+C-D.



Table 9.2 - Selected financial position items: Activities auxiliary to financial intermediation, real estate and other business services1

Item

R million

20182 20193


2019

Assets

Non-current assets


Long-term investments 1 825 297 2 123 701 298 404


Total non-current assets 2 257 962 2 629 983 372 021

Current assets

Trade and other receivables 230 331 226 373 -3 958


Inventory 32 700 36 227 3 527



Total assets 3 042 570 3 419 481 376 911


Total equity 1 110 789 1 323 830 213 041


Long-term loans 543 629 483 462 -60 167


Total non-current liabilities 1 164 146 1 276 681 112 535

Current liabilities


Bank overdraft 20 904 13 169 -7 735





1Excluding financial intermediation, insurance, pension funding and business services not elsewhere classified.




Table 9.3 - Carrying value of property, plant and equipment and intangible assets: Activities auxiliary to financial intermediation, real estate and

other business services1

20182

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)3

Tangible assets

Land 6 383 1 628 340 123 -180 13 7 601

Residential buildings 4 099 1 353 672 16 114 65 4 845


Construction works, roads and parking areas 2 243 748 86 -31 15 456 2 433


Network equipment 1 396 228 17 -49 -1 136 1 421

Computers and other IT equipment 7 677 3 212 349 -43 -59 3 174 7 264


Plant, machinery and other office equipment 40 511 12 337 1 368 -25 661 7 832 44 284


Other property, plant and equipment 12 479 3 277 369 -2 56 1 606 13 835

Intangible assets


Databases 164 17 0 0 0 32 149


Patents and trademarks 10 542 100 0 -74 286 250 10 604

Goodwill and marketing assets 27 553 2 451 813 -1 095 102 397 27 801

Research and development 1 739 505 0 -49 -10 366 1 819


Contracts, leases and licences 822 118 17 -23 -56 142 702


Other intellectual property and products 3 435 483 575 0 -8 379 2 956

Total 210 673 42 172 8 147 -623 212 22 597 221 690





Table 9.3 - Carrying value of property, plant and equipment and intangible assets: Activities auxiliary to financial intermediation, real estate and other business services (concluded)1

20192

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)3

Tangible assets

Land 7 758 811 180 314 0 79 8 624


Non-residential buildings 71 447 1 524 1 583 -575 -372 853 69 588



Network equipment 171 56 36 0 -2 66 123





Other property, plant and equipment 17 887 4 466 261 259 138 1 634 20 855

Intangible assets


Databases 175 74 0 8 0 39 218


Patents and trademarks 12 481 2 262 0 -1 134 -11 409 13 189

Goodwill and marketing assets 17 974 982 253 -241 -53 177 18 232

Research and development 2 144 547 32 0 -4 456 2 199


Contracts, leases and licences 639 259 24 -71 -29 128 646



Total 229 387 42 312 6 528 -604 -1 550 26 346 236 671





Table 10.1 - Selected income and expenditure items: Community, social and personal services1

Item

R million

20182 20193


2019

Income

Turnover 287 532 301 416 13 884

Dividends 2 099 1 827 -272

Government subsidies and incentives 6 801 8 120 1 319


Interest 4 534 4 057 -477


871 1 319 448


38 44 6


332 186 -146




1 818 1 735 -83

Other 11 137 13 554 2 417

Total income (A) 315 539 332 395 16 856

Inventories


Opening value of work in progress 219 275 56

Opening value of finished goods 2 100 2 298 198

Total opening value (B) 3 707 4 210 503


Closing value of work in progress 291 53 -238


Total closing value (C) 4 136 4 358 222

1Excluding government and educational institutions. 2Revised. 3Preliminary.



Table 10.1 - Selected income and expenditure items: Community, social and personal services (concluded)1

Item

R million

20182 20193


2019

Expenditure

Purchases 67 804 71 856 4 052

Advertising 3 629 4 153 524

Amortisation 1 253 927 -326

Bank charges 1 039 1 324 285

Bursaries 327 425 98



Depreciation 8 332 9 994 1 662

Donations, sponsorships and social investment 1 585 1 516 -69

Employment cost4 87 668 94 748 7 080




Interest 6 097 7 076 979

Leasing and hiring of plant, machinery, equipment and vehicles 3 159 3 380 221


387 422 35


230 200 -30


1 854 1 315 -539









15 539 17 129 1 590




8 406 7 806 -600

Security services 1 483 1 380 -103



Telecommunication services 2 112 2 186 74


Other 50 015 53 853 3 838



Company tax paid or provided for during the financial year 6 288 5 497 -791



1Excluding government and educational institutions. 2Revised. 3Preliminary. 4Refer to page 70 for comparability with the Quarterly employment statistics (QES) survey. 5E=A-B+C-D.



Table 10.2 - Selected financial position items: Community, social and personal services1

Item

R million

20182 20193


2019

Assets

Non-current assets


Long-term investments 34 172 33 326 -846



Current assets


Cash and cash equivalents 35 947 36 482 535

Inventory 4 136 4 358 222



Total assets 258 519 271 486 12 967


Total equity 110 102 116 588 6 486


Long-term loans 38 929 49 808 10 879

Other non-current liabilities 18 322 18 138 -184


Current liabilities

Trade and other payables 36 760 35 371 -1 389

Bank overdraft 2 484 2 788 304





1Excluding government and educational institutions. 2Revised. 3Preliminary.



Table 10.3 - Carrying value of property, plant and equipment and intangible assets: Community, social and personal services1

20182

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)3

Tangible assets

Land 7 198 369 274 6 -133 98 7 068


Non-residential buildings 34 307 2 011 128 61 -606 678 34 967

Construction works, roads and parking areas 5 466 1 268 56 -2 287 451 6 512



Computers and other IT equipment 1 556 629 51 12 56 640 1 562


Plant, machinery and other office equipment 21 621 5 524 762 -119 300 4 693 21 871

Capital work in progress 3 629 2 373 341 21 -1 343 13 4 326

Other property, plant and equipment 1 023 257 30 7 0 351 906

Intangible assets

Computer software 1 209 270 22 -28 -27 310 1 092

Databases 8 0 0 0 0 0 8


Patents and trademarks 2 343 70 13 -321 -203 125 1 751




Contracts, leases and licences 4 946 93 0 45 -4 434 4 646



Total 118 371 15 486 1 919 -308 -1 626 9 772 120 232

1Excluding government and educational institutions. 2Revised. 3G=A+B-C+D+E-F.



Table 10.3 - Carrying value of property, plant and equipment and intangible assets: Community, social and personal services (concluded)1

20192

R million


year

Additions (capital

expenditure)

Disposal of assets



value

Transfers-in and/or

transfers-out

Depreciation and

amortisation


financial year

(A) (B) (C) (D) (E) (F) (G)3

Tangible assets

Land 3 946 586 205 4 -38 98 4 195


Non-residential buildings 29 856 2 817 115 83 2 779 724 34 696

Construction works, roads and parking areas 7 705 1 271 49 32 -536 540 7 883



Computers and other IT equipment 1 651 592 35 8 42 667 1 591


Plant, machinery and other office equipment 24 145 5 866 518 28 994 5 998 24 517


Other property, plant and equipment 869 228 38 51 -1 258 851

Intangible assets

Computer software 1 085 294 33 -19 -13 269 1 045

Databases 0 0 0 0 0 0 0



Goodwill and marketing assets 20 177 625 65 186 -2 82 20 839



Contracts, leases and licences 4 757 134 31 49 0 495 4 414


Other intellectual property and products 359 302 4 11 -5 34 629

Total 111 910 16 954 2 012 417 1 359 11 131 117 497

1Excluding government and educational institutions. 2Preliminary. 3G=A+B-C+D+E-F.



Table 11 - Comparison of selected operating ratios between 2018 and 2019

Industry

Net profit margin ratio1

Assets turnover ratio2

Dividends payout ratio3

Debt to equity ratio4

Debt to assets ratio5

20186 20197 20186 20197 20186 20197 20186 20197 20186 20197

Forestry and fishing 0,07 0,10 0,68 0,67 0,58 1,30 1,24 1,04 0,55 0,51

Mining and quarrying 0,01 0,08 0,59 0,61 1,81 0,53 1,62 1,65 0,62 0,62

Manufacturing 0,04 0,03 1,44 1,46 0,67 0,75 1,80 1,82 0,64 0,65

Electricity, gas and water supply 0,03 -0,04 0,23 0,27 0,56 -0,44 3,84 3,75 0,79 0,79

Construction 0,02 0,03 1,01 0,91 0,36 0,18 3,62 3,75 0,78 0,79

Trade 0,03 0,02 2,36 2,27 0,35 0,37 2,39 2,18 0,71 0,69

Transport, storage and communication 0,05 0,02 0,80 0,82 0,46 0,86 2,05 2,14 0,67 0,68

Activities auxiliary to financial intermediation, real estate and other business services8

0,17 0,16 0,33 0,31 0,38 0,41 1,74 1,58 0,63 0,61

Community, social and personal services9 0,09 0,08 1,11 1,11 0,20 0,28 1,35 1,33 0,57 0,57

All industries 0,05 0,04 0,94 0,94 0,47 0,52 2,02 1,93 0,67 0,66

1Net profit after providing for company tax / Turnover. 2Turnover / Total assets. 3Dividends / Net profit after providing for company tax. 4Total liabilities / Total equity. 5Total liabilities / Total assets. 6Revised. 7Preliminary. 8Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 9Excludes government and educational institutions.



Table 11 - Comparison of selected operating ratios between 2018 and 2019 (concluded)

Industry Current ratio1 Quick ratio2

Net working capital ratio3

Return on equity (ROE)4

Return on assets (ROA)5

20186 20197 20186 20197 20186 20197 20186 20197 20186 20197

Forestry and fishing 1,39 1,86 1,13 1,48 0,09 0,15 0,11 0,14 0,05 0,07

Mining and quarrying 1,03 1,03 0,77 0,73 0,01 0,01 0,02 0,12 0,01 0,05

Manufacturing 1,37 1,31 0,86 0,81 0,14 0,12 0,15 0,14 0,05 0,05

Electricity, gas and water supply 0,56 0,72 0,43 0,52 -0,08 -0,04 0,04 -0,06 0,01 -0,01

Construction 1,16 1,60 0,90 1,11 0,07 0,23 0,07 0,13 0,02 0,03

Trade 1,33 1,39 0,82 0,86 0,16 0,19 0,21 0,17 0,06 0,05

Transport, storage and communication 0,92 0,93 0,87 0,88 -0,03 -0,02 0,13 0,06 0,04 0,02


1,02 0,96 0,98 0,92 0,01 -0,01 0,15 0,13 0,06 0,05

Community, social and personal services9 1,06 1,22 1,02 1,17 0,02 0,07 0,24 0,20 0,10 0,09

All industries 1,14 1,18 0,85 0,86 0,05 0,06 0,13 0,12 0,04 0,04

1Current assets / Current liabilities. 2Quick assets / Current liabilities (Quick assets = current assets - inventories). 3Net working capital / Total assets (Net working capital = current assets - current liabilities). 4Net profit after providing for company tax / Total equity. 5Net profit after providing for company tax / Total assets. 6Revised. 7Preliminary. 8Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 9Excludes government and educational institutions.



Technical notes

Confidence intervals The 95% confidence intervals of a population parameter (turnover) are obtained as follows:

Lower limit

= lower 95% confidence limit of a population parameter

= estimate – 1,96* standard error (estimate);

and

Upper limit

= upper 95% confidence limit of a population parameter

= estimate + 1,96* standard error (estimate).

Standard error (SE) Standard error = Upper limit (R million) - Lower limit (R million)

2 * 1,96

Relative standard error (RSE)

Neyman optimal allocation

RSE = SE (estimate)*100

estimate

The estimates contained in this publication are based on information obtained from a

sample drawn from units in the surveyed population. The estimates are subject to sampling

variability. That is, they may differ from the figures that would have been produced if all

units had been included in the survey.

One measure of the likely difference is given by the standard error (SE), which indicates

the extent to which an estimate might have varied by chance because only a sample of

units was included. The relative standard error (RSE) provides an immediate indication of

the percentage errors likely to have occurred due to sampling.

Enterprises on the business sampling frame are placed into strata, since a stratified sample

design is used. Each stratum contains two parts of information, viz. the industrial sector

(primary stratum) to which an enterprise belongs and the size group (secondary stratum)

to which an enterprise is assigned. The industrial sector is derived from the SIC (Standard

Industrial Classification) variable and the size group is based on a measure of size

(turnover). The Neyman optimal allocation formula used to allocate samples to each

stratum is given by the formula below:

nh =

Where Nh and Sh are the stratum population size and the stratum standard deviation, respectively.

NhSh

NhSh



Table A – Estimates of turnover by industry within 95% confidence limits: 2018 and 2019

Industry

20181 20192

Lower limit Estimates Upper limit RSE

Lower limit Estimates Upper limit RSE

R million R million

Forestry and fishing 32 460 33 909 35 358 2,2 35 074 36 501 37 928 2,0

Mining and quarrying 661 963 667 413 672 863 0,4 747 094 750 489 753 884 0,2

Manufacturing 2 648 923 2 676 526 2 704 129 0,5 2 843 918 2 868 930 2 893 942 0,4

Electricity, gas and water supply 241 577 244 658 247 739 0,6 251 437 254 343 257 249 0,6

Construction 447 070 475 336 503 602 3,0 446 524 480 662 514 800 3,6

Trade 3 605 461 3 694 520 3 783 579 1,2 3 735 741 3 830 762 3 925 783 1,3

Transport, storage and communication 846 538 867 572 888 606 1,2 876 204 901 157 926 110 1,4


948 830 994 995 1 041 160 2,4 1 015 519 1 072 425 1 129 331 2,7

Community, social and personal services4 279 963 287 532 295 101 1,3 291 524 301 416 311 308 1,7

All industries 9 712 785 9 942 461 10 172 137 0,6 10 243 035 10 496 685 10 750 335 0,6

1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions.



Table B – Turnover by industry for 2018 and 2019 percentage contribution1

Industry

20182 20193

Turnover % of total turnover

Turnover % of total turnover R million R million

Forestry and fishing 33 909 0,3 36 501 0,3

Mining and quarrying 667 413 6,7 750 489 7,1

Manufacturing 2 676 526 26,9 2 868 930 27,3

Electricity, gas and water supply 244 658 2,5 254 343 2,4

Construction 475 336 4,8 480 662 4,6

Trade 3 694 520 37,2 3 830 762 36,5

Transport, storage and communication 867 572 8,7 901 157 8,6


994 995 10,0 1 072 425 10,2

Community, social and personal services5 287 532 2,9 301 416 2,9

All industries 9 942 461 100 10 496 685 100

1The aggregates of the SIC contributions may not add up to totals due to rounding-off.


Table C – Turnover by industry and percentage change

Industry 20181 20192


2019

R million R million %

Forestry and fishing 33 909 36 501 7,6

Mining and quarrying 667 413 750 489 12,4

Manufacturing 2 676 526 2 868 930 7,2

Electricity, gas and water supply 244 658 254 343 4,0

Construction 475 336 480 662 1,1

Trade 3 694 520 3 830 762 3,7

Transport, storage and communication 867 572 901 157 3,9


994 995 1 072 425 7,8

Community, social and personal services4 287 532 301 416 4,8

All industries 9 942 461 10 496 685 5,6




Table D – Purchases by industry and percentage change



2019




Manufacturing 1 787 671 1 931 857 8,1


Construction 248 363 251 488 1,3

Trade 2 834 776 2 969 673 4,8



238 863 261 083 9,3


All industries 5 868 099 6 254 177 6,6


Table E – Employment cost by industry and percentage change



2019




Manufacturing 300 264 311 138 3,6


Construction 93 035 91 166 -2,0

Trade 304 166 318 385 4,7



300 172 306 231 2,0


All industries 1 388 556 1 438 621 3,6




Table F – Capital expenditure by industry and percentage change



2019


Forestry and fishing 2 454 2 440 -0,6


Manufacturing 106 285 110 625 4,1

Electricity, gas and water supply 79 859 57 713 -27,7

Construction 17 819 13 595 -23,7

Trade 61 954 61 280 -1,1

Transport, storage and communication 91 511 87 013 -4,9


42 172 42 312 0,3


All industries 491 748 475 732 -3,3


Table G – Carrying value of property, plant and equipment and intangible assets by industry and percentage change



2019




Manufacturing 593 187 634 361 6,9

Electricity, gas and water supply 911 767 791 108 -13,2

Construction 72 639 80 458 10,8

Trade 329 660 330 236 0,2

Transport, storage and communication 654 987 652 168 -0,4


221 690 236 671 6,8

Community, social and personal services4 120 232 117 497 -2,3

All industries 3 431 836 3 407 427 -0,7




Table H – Number of enterprises per industry5


Forestry and fishing 1 458 1 437

Mining and quarrying 2 801 2 824

Manufacturing 50 191 49 776

Electricity, gas and water supply 1 296 1 451

Construction 39 608 39 108

Trade 105 308 101 660

Transport, storage and communication 17 174 16 748


104 176 102 751

Community, social and personal services4 28 899 28 821

All industries 350 911 344 576

1Revised. 2Preliminary. 3Excludes financial intermediation, insurance, pension funding and business services not elsewhere classified. 4Excludes government and educational institutions. 5Total number of enterprises per industry in the AFS survey frame.



Table I – Department of Trade, Industry and Competition (DTIC) cut-off points

AFS 20181 - Enterprise size based on turnover

Industry

Large

(Size-group 1)

Medium

(Size-group 2)

Small

(Size-group 3)

Very small

(Size-group 4)

Turnover lower limits

(R’000)

SIC 1: Forestry and fishing 32 500 19 500 3 250 2 000

SIC 2: Mining and quarrying 253 500 65 000 26 000 2 000

SIC 3: Manufacturing 331 500 84 500 32 500 2 000

SIC 4: Electricity, gas and water supply 331 500 84 500 33 150 2 000

SIC 5: Construction 169 000 39 000 19 500 2 000

SIC 61: Wholesale trade 416 000 208 000 39 000 2 000

SIC 62 and 63: Retail and motor trade 253 500 123 500 26 000 2 000

SIC 64: Accommodation and catering 84 500 39 000 33 150 2 000

SIC 7: Transport, storage and communication 169 000 84 500 19 500 2 000

SIC 8: Activities auxiliary to financial

intermediation, real estate and other business

services2

169 000 84 500 19 500 2 000

SIC 9: Community, social and personal

services3 84 500 39 000 6 500 2 000

AFS 20194 - Enterprise size based on turnover

Industry

Large

(Size-group 1)

Medium

(Size-group 2)

Small

(Size-group 3)

Very small

(Size-group 4)

Turnover lower limits

(R’000)

SIC 1: Forestry and fishing 35 000 21 000 3 500 2 000

SIC 2: Mining and quarrying 273 000 70 000 28 000 2 000

SIC 3: Manufacturing 357 000 91 000 35 000 2 000

SIC 4: Electricity, gas and water supply 357 000 91 000 35 000 2 000

SIC 5: Construction 182 000 42 000 21 000 2 000

SIC 61: Wholesale trade 448 000 224 000 42 000 2 000

SIC 62 and 63: Retail and motor trade 273 000 133 000 28 000 2 000

SIC 64: Accommodation and catering 91 000 42 000 35 700 2 000

SIC 7: Transport, storage and communication 182 000 91 000 21 000 2 000

SIC 8: Activities auxiliary to financial

intermediation, real estate and other business

services2

182 000 91 000 21 000 2 000

SIC 9: Community, social and personal

services3 91 000 42 000 7 000 2 000

1DTIC 2003 cut-off points were adjusted by a factor of 6,5. 2Excluding financial intermediation, insurance, pension funding and other business activities not elsewhere classified. 3Excluding government and educational institutions. 4DTIC 2003 cut-off points were adjusted by a factor of 7,0.

Source: National Small Business Amendment Bill - DTIC 2003 (factor adjustment by Stats SA).



Explanatory notes

Background Stats SA conducts the Annual financial statistics (AFS) survey to collect a range of financial statistics in respect of enterprises in the formal business sector of the South African economy, excluding agriculture and hunting services, financial intermediation, insurance, pension funding and business services not elsewhere classified, government and educational institutions. Information is collected for the financial year of enterprises that ended on any date between 1 July of a particular year and 30 June of the following year. The primary goal of the survey is to provide inputs to the GDP estimates. The AFS can be used independently for industry analyses from both an accounting and econometric perspective. Other users include the South African Reserve Bank, government organisations, researchers and academics. The statistical release contains information regarding:

income and expenditure items;

inventories;

net profit before providing for company tax and dividends;

company tax paid or provided for during the financial year;

dividends paid or provided for during the financial year;

statement of financial position items;

property, plant and equipment and intangible assets;

selected operating ratios; and

population size of enterprises per industry. Additional information available on the Stats SA website includes:

time series estimates per industry;

estimates by business size per industry; and

disaggregated industry estimates.

Purpose of the survey The purpose of the AFS is to derive a set of measures of industry performance based on information available from the financial statements of enterprises. Results of the survey are used in compiling estimates of the annual gross domestic product (GDP) and its components, which in turn are used to develop and monitor government policy. The statistics are also used by the private sector in analyses of comparative industry performance. Enterprises can assess their own performance against that of their industry, in terms of a range of operating ratios. The results are published annually in statistical release P0021: Annual financial statistics.

Scope of the survey The AFS survey covers financial statistics of the following industries according to the Standard Industrial Classification of all Economic Activities (SIC), Fifth edition, January 1993:

forestry and fishing;

mining and quarrying;

manufacturing;

electricity, gas and water supply;

construction;

trade;

transport, storage and communication;

activities auxiliary to financial intermediation, real estate and other business services (excluding financial intermediation, insurance, pension funding and business services not elsewhere classified); and

community, social and personal services (excluding government and educational institutions).



Classification Collection rate

The 1993 edition of the Standard Industrial Classification of all Economic Activities (SIC), Fifth edition, January 1993, was used to classify the enterprises in the survey. The SIC is based on the 1990 International Standard Industrial Classification of all Economic Activities (ISIC) with suitable adaptations for local conditions. Statistics in this publication are only presented at industry level, i.e. one digit level (SIC major division). Each enterprise is classified to an industry which reflects the predominant activity of the enterprise. The preliminary collection rate for the AFS 2019 survey was 76,1%. The revised collection rate for AFS 2018 was 84,2% and the preliminary collection rate for AFS 2018 was 83,8%.

Statistical unit The statistical unit for the collection of information in this survey is the enterprise, defined as a legal unit (or combination of legal units) that includes and directly controls all functions necessary to carry out its activities.

Survey methodology and design

The survey is conducted annually. All enterprises are first stratified by the predominant type of activity according to the SIC, then by size, using turnover as a measure of size. All enterprises in the size group representing the largest enterprises according to turnover were selected. These large enterprises accounted for approximately 39% of the total sample. For medium and small enterprises, samples were drawn by randomly selecting the allocated number of enterprises within the other size groups and each industry. A sample of 12 867 enterprises was drawn for the AFS 2019. The data reported by enterprises in the sample are weighted to represent all enterprises in the population. Weights for size groups 2 to 4 can be large due to sample design and non-response.



Main reasons for fluctuations

Fluctuations between the AFS 2018 and AFS 2019 estimates can be attributed to numerous factors, the more prominent being:

the sample population and composition between 2018 and 2019 are not necessarily comparable;

restating of previous estimates due to International Financial Reporting Standards (IFRS);

revisions to the previous year made in the event of new or revised information being furnished by the respondents;

restructuring of large businesses;

exchange rate changes;

changes in the classification of enterprises to different industries; and

the cut-off points for different industries may vary from year to year. Differences in accounting policy and practices across businesses and industries can also lead to some inconsistencies in the data used to compile the estimates. While much of the accounting process is subject to standards, there remains a great deal of flexibility available to businesses in the accounting policies and practices they adopt. The imprecision due to sampling variability, which is measured by the standard error, is not to be confused with inaccuracies that may occur because of inadequacies in available sources from which the population frame was compiled, imperfections in reporting by providers, errors made in collection and errors made in processing data. Inaccuracies of this kind are collectively referred to as non-sampling error and they may occur in any enumeration, whether it is a full count or a sample. While it is not possible to quantify non-sampling error, every effort is made to assist businesses to complete questionnaires accurately. Efficient and effective operating procedures and systems are used to compile the statistics. Closing (2018) and opening (2019) values of inventory and carrying values of property, plant and equipment and intangible assets do not correspond due to non-overlapping enterprises between the two samples and other sampling factors. Thus, differences in closing 2018 values and the opening 2019 values will be reflected in all the industries. The above factors are not meant to imply that analyses based on these data should be avoided, only that they should be borne in mind when interpreting the data presented in this publication.

Comparison of results with the Quarterly financial statistics (QFS) survey and monthly surveys

The AFS may not necessarily be comparable with other Stats SA surveys due to various factors, including:

classification differences between survey periods;

restructuring of businesses;

different cut-off points for size groups; and

different sampling specifications.



Comparison of results with Quarterly employment statistics (QES) survey

Employment cost estimates produced in this publication are based on information as defined by the International Accounting Standards 19 (IAS19) from an accounting perspective. The Quarterly employment statistics (QES) survey produces estimates for employment and earnings from a payroll perspective. The differences between the AFS employment cost and QES earnings can be attributed but not limited to:

accounting and payroll timing differences in the recognition of employment-related transactions;

classification differences between surveys;

different sampling frames;

different sampling methodology and sampling specifications;

definitional issues;

information sources (information from the payroll administrator vs. information from the accounting officer); and

restructuring of businesses.

Rounding off Where figures have been rounded off, discrepancies may occur between the sums of the component items and totals.



Glossary

Additions The acquisition of land, property, plant and equipment and intangible

assets. This comprises capital expenditure on new and existing assets.

Carrying value of property, plant and equipment and intangible assets

Carrying value of property, plant and equipment and intangible assets is the value at a specific time after deducting depreciation, amortisation and adjustments from the original cost. Carrying value of property, plant and equipment and intangible assets includes:

land and land improvements;

residential and non-residential buildings;

construction works, roads, parking areas and leasehold improvements;

network equipment;

computers and other information technology (IT) equipment;

motor vehicles, trucks, aircrafts, boats, trailers, locomotives and other transport equipment;

plant, machinery, furniture and fittings, tools, earthmoving equipment, furnaces, kilns, containers, fax machines, printers and copiers;

capital work in progress (tangible and intangible);

other property, plant and equipment;

computer software and databases;

mineral exploration and evaluation;

patents and trademarks;

goodwill and marketing assets;

research and development;

entertainment, literary and artistic originals;

contracts, leases and licences; and

other intellectual property products.

Company tax paid or provided

Company tax brought into account consists of taxes on incomes, profits and capital gains, excluding value added tax (VAT). They are assessed on the actual or presumed incomes of enterprises and exclude employees’ taxes and compulsory loan levies.

Current assets These are assets which can be converted into cash within 12 months. They include:

trade and other receivables;

cash and cash equivalents;

inventory; and

other current assets.

Current liabilities Current liabilities are debts or obligations that are due within 12 months. They include:

trade and other payables;

bank overdraft; and

other current liabilities.

Disposal of assets The sale or retirement of land, property, plant and equipment and intangible assets.

Dividends paid Dividends paid include cash dividends and other dividends such as capitalisation issues or scrip dividends or capitalisation shares.



Employment cost Employment cost includes:

salaries and/or fees paid to directors, executives and managers;

commission paid if a retainer, wage or salary was also paid;

employer's contribution to pension, provident, medical aid, sick pay and other funds;

payments made from South Africa to employees based abroad;

payments for all types of leave;

fringe benefits paid in cash;

allowances and penalty payments;

severance, termination and redundancy payments to staff;

bonuses; and

employee share-based payment expenses.

Enterprise An enterprise is a legal unit or a combination of legal units that includes and directly controls all functions necessary to carry out its activities.

Equity Equity is the residual interest in the enterprise’s assets after deducting its liabilities.

Government institutions

The AFS excludes general government institutions, which consist of:

national government;

provincial government;

local government;

extra-budgetary accounts and funds; and

public financial corporations.

Industry An industry consists of a group of enterprises engaged in the same or similar kinds of economic activity, and is classified according to the Standard Industrial Classification of all Economic Activities (SIC), Fifth edition, January 1993.

Intangible assets An intangible asset is an identifiable non-monetary asset without physical substance held for use in the production or supply of goods or services.

Interest The price paid for the use of borrowed money or money earned by deposited funds.

International Financial Reporting Standards (IFRS)

International Financial Reporting Standards (IFRS) are international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS are issued by the Accounting Standard Board. The purpose of IFRS is to improve transparency and comparability within financial reporting and introduce consistency in accounting.

Inventories Inventories at year end include:

raw materials or materials for processing, packaging materials, fuel, consumable and maintenance stores;

work in progress (partially completed); and

finished goods (own manufactures) and finished goods not produced by the enterprise but purchased for resale.

Net profit after tax Net profit after tax is net profit or loss less company tax paid or

provided for during the financial year.

Net profit before providing for company tax and dividends

The net profit or loss of an enterprise prior to providing for tax and dividends is calculated as total income less total expenditure less opening value of inventories plus closing value of inventories.



Non-current assets Non-current assets are assets not expected to be converted into cash, sold or exchanged within the normal 12-month operating cycle of the enterprise. They include:

property, plant and equipment and intangible assets;

long-term investments; and

other non-current assets.

Non-current liabilities Non-current liabilities are liabilities that are not required to be paid within 12 months. They include:

long-term loans; and

other non-current liabilities.

Other expenditure Other expenditure includes:

cleaning services;

professional services, e.g. audit and other professional business services, management and administration fees, legal expenses and data processing services; and

subscriptions.

Property, plant and equipment

Property, plant and equipment are tangible assets that an enterprise holds for its own use and expects to use during more than one financial year.

Purchases Purchases include:

raw materials, components and consumables used in production;

fuel and spare parts for vehicles and off-road vehicles;

purchases and transfers-in of finished goods, intermediate products and partially completed goods from related enterprises; and

goods for resale.

Rental of land, buildings and other structures

Rental of land, buildings and other structures includes water and electricity services paid.

Statement of financial position

A financial statement that summarises a company's assets, liabilities and shareholders' equity at a specific point in time.

Turnover

Turnover includes:

sales of goods;

services rendered;

leasing and hiring of motor vehicles and other transport equipment under operating leases;

leasing and hiring of plant, machinery and equipment;

mineral rights leased; and

rental and leasing of land, buildings and other structures under operating leases.

Turnover for only South African-based activities of the enterprise is reflected in this publication.

Value-added tax (VAT) VAT is an indirect tax which is levied on goods and services. AFS estimates exclude VAT.



Symbols and abbreviations

AFS

DTIC

SIS

GDP

IFRS

ISIC

m

RSE

SE

SIC

Stats SA

QES

QFS

VAT

Annual financial statistics

Department of Trade, Industry and Competition

Structural industry statistics

Gross domestic product

International Financial Reporting Standards

International Standard Industrial Classification

million

Relative standard error

Standard error

Standard Industrial Classification of all Economic Activities

Statistics South Africa

Quarterly employment statistics

Quarterly financial statistics

Value added tax

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Annual financial statistics (AFS)