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NotestotheConsolidatedFinancialStatements

(continued)

RCS GROUP CONSOLIDATED FINANCIAL STATEMENTS

2015

28

for the period ended 31 December 2015

3.

Operating Segments (continued)

Information regarding the results of each reportable segment

is included below. Certain costs including back office services

have not been allocated between the divisions for internal

reporting purposes. Performance is measured based on

segment profit before income tax, as included in the internal

Cards

Loans

Other

Total

31 December 2015

R’000

R’000

R’000

R’000

Interest earned

837 217

222 910

1 060 127

Interest expense

(197 487)

(42 352)

4 419

(235 420)

Net interest income

639 730

180 558

4 419

824 707

Inter-segmental credit income

17 370

17 370

Other income

438 335

87 177

864

526 376

Profit / (loss) before taxation

283 339

103 191

(108 716)

277 814

Depreciation and amortisation

(16 761)

(5 081)

(21 842)

Capital expenditure

23 133

4 304

27 437

Segment assets

5 802 950

1 079 749

65 674

6 948 373

Segment liabilities

(3 779 136)

(703 180)

(46 564)

(4 528 880)

31 March 2015

Interest earned

948 692

312 388

1 261 080

Interest expense

(217 389)

(55 705)

1 750

(271 344)

Net interest income

731 303

256 683

1 750

989 736

Inter-segmental credit income

22 011

22 011

Other income

537 916

123 060

13 885

674 861

Share of profit from equity accounted investments

1 977

1 977

Profit / (loss) before taxation

324 234

186 459

(70 330)

440 363

Depreciation and amortisation

(13 042)

(6 016)

(19 058)

Capital expenditure

55 286

12 336

67 622

Segment assets

5 133 251

1 145 417

47 800

6 326 468

Segment liabilities

(3 312 641)

(739 165)

(49 674)

(4 101 480)

management reports that are reviewed by the RCS Group’s

board. Segment profit is used to measure performance as

management believes that such information is the most

relevant in evaluating the results of certain segments relative

to other entities that operate within these industries.