SEGMENTAL REVIEW

for the period ended 30 September 2020

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Reviewed
half-year
30 September
2020
ZAR'm		 Reviewed
half-year
30 September
2019
ZAR'm		 Reviewed
half-year
30 September
  2020 
ZAR'm 		 2019 
ZAR'm 		  
  Revenue Revenue Trading profit1
Revenue and trading profit  External  Inter-segment  Total  External  Inter-segment  Total         
South Africa  16 511  2 467  18 978  16 952  2 863  19 815  5 783  5 156   
Rest of Africa  8 646  57  8 703  7 796  110  7 906  (338) (830)  
Technology  898  887  1 785  907  895  1 802  254  455   
Eliminations  –  (3 411) (3 411) –  (3 868) (3 868) –  –   
Total  26 055  –  26 055  25 655  –  25 655  5 699  4 781   
1 During the current year, the group's definition of trading profit was amended to include movements in futures contracts (note 1). Comparative trading profit disclosure has not been restated for this change; however, the comparative impact of this change would have resulted in a ZAR5m increase in 1H FY20 trading profit and a ZAR25m decrease in 1H FY19 trading profit.
Reviewed
half-year
30 September
2020
ZAR'm 		 Reviewed
half-year
30 September
2019
ZAR'm 
Revenue by nature  South 
Africa 		 Rest of 
Africa 		 Technology  Total  South 
Africa 		 Rest of 
Africa 		 Technology  Total   
Subscription fees  14 279  7 927  –  22 206  14 105  7 134  –  21 239   
Advertising  916  163  –  1 079  1 435  203  –  1 638   
Set-top boxes  452  489  –  941  472  376  –  848   
Installation fees  165  –  –  165  156  –  –  156   
Technology contracts and licensing  –  –  898  898  –  –  907  907   
Other revenue  699  67  –  766  784  83  –  867   
Total external revenue  16 511  8 646  898  26 055  16 952  7 796  907  25 655   

Reconciliation of consolidated trading profit to consolidated operating profit

Operating segments are identified on the basis of internal reports about components of the group that are regularly reviewed by the chief operating decision-maker (CODM) in order to allocate resources to the segments and to assess their performance. The CODM has been identified as the executive directors of the group.

Trading profit as presented in the segment disclosure is the CODM and management's measure of each segment's operational performance. A reconciliation of the segmental trading profit to operating profit as reported in the income statement is provided below:

  Reviewed 
half-year 
30 September 
2020 
ZAR'm 		 Reviewed 
half-year 
30 September 
2019 
ZAR'm 		  
Trading profit per segmental income statement  5 699  4 781   
Adjusted for:       
Interest on transponder leases  378  329   
Amortisation of intangibles (other than software) (37) (36)  
Other operating gains/(losses) – net (note 6) 8  (1)  
Share-based compensation  (222) (136)  
Severance provision  (10) (11)  
Fair value movements on futures contracts  (40) –   
Operating profit per the income statement1  5 776  4 926   
1 The condensed consolidated income statement discloses all reporting items from consolidated operating profit to consolidated profit before taxation.