Statements of comprehensive income

for the year ended 29 February 2012

 

   

GROUP

 

COMPANY

 

Notes 

2012 
Rm 

2011 
Rm 

 

2012 
Rm 

2011 
Rm 

CONTINUING OPERATIONS

                   

Revenue* 

 

55 634.4 

 

51 455.9 

   

329.4 

 

442.0 

Turnover*  

   

55 330.5 

 

51 185.0 

   

— 

 

— 

Cost of merchandise sold*  

   

(45 350.0)

 

(42 098.8)

   

— 

 

— 

Gross profit 

   

9 980.5 

 

9 086.2 

   

— 

 

— 

Other trading income 

 

264.4 

 

231.4 

   

— 

 

— 

Trading expenses 

   

(8 971.4)

 

(7 901.3)

   

(1.6)

 

(1.4)

Employee costs 

2.2 

 

(4 658.5)

 

(4 319.8)

   

— 

 

— 

Occupancy 

   

(1 302.1)

 

(1 114.7)

   

— 

 

— 

Operations 

   

(2 149.4)

 

(1 642.8)

   

— 

 

— 

Merchandising and administration 

   

(861.4)

 

(824.0)

   

(1.6)

 

(1.4)

Loss on sale of property, equipment and vehicles and intangible assets 

   

(7.6)

 

— 

   

— 

 

— 

Trading profit/(loss)

   

1 265.9 

 

1 416.3 

   

(1.6)

 

(1.4)

Interest received 

   

39.5 

 

39.5 

   

— 

 

— 

Interest paid 

   

(135.1)

 

(111.0)

   

— 

 

— 

Gain on recognition of investment in associate 

   

— 

 

7.5 

   

— 

 

— 

Share of associate’s (loss)/income 

   

(1.9)

 

2.4 

   

— 

 

— 

Operating profit/(loss)

2.1 

 

1 168.4 

 

1 354.7 

   

(1.6)

 

(1.4)

Dividends received 

   

— 

 

— 

   

329.4 

 

442.0 

Profit before tax 

   

1 168.4 

 

1 354.7 

   

327.8 

 

440.6 

Tax 

 

(407.7)

 

(447.8)

   

— 

 

— 

Profit for the year from continuing operations 

   

760.7 

 

906.9 

   

327.8 

 

440.6 

Profit/(loss) for the year from discontinued operation 

   

351.2 

 

(123.4)

   

— 

 

— 

Profit on sale of discontinued operation 

   

438.4 

 

— 

   

— 

 

— 

Loss from discontinued operation 

   

(87.2)

 

(123.4)

   

— 

 

— 

Profit for the year 

   

1 111.9 

 

783.5 

   

327.8 

 

440.6 

Equity holders of the Company 

   

598.6 

 

423.7 

   

327.8 

 

440.6 

Non-controlling interest 

   

513.3 

 

359.8 

   

— 

 

— 

Other comprehensive loss (net of tax)

   

(358.3)

 

(14.6)

   

— 

 

— 

Exchange rate differences on translating foreign operations 

   

224.1 

 

50.1 

   

— 

 

— 

Net loss on hedge of net investment in foreign operation 

   

(49.9)

 

(52.2)

   

— 

 

— 

Foreign currency translation reserve realised on sale of discontinued operation 

   

(539.8)

 

— 

   

— 

 

— 

Retirement benefit actuarial gain/(loss)

   

7.3 

 

(12.5)

   

— 

 

— 

Total comprehensive income for the year 

   

753.6 

 

768.9 

   

327.8 

 

440.6 

Comprehensive income for the year
attributable to: 

                   

Equity holders of the Company 

   

405.4 

 

415.7 

   

327.8 

 

440.6 

Non-controlling interest 

   

348.2 

 

353.2 

   

— 

 

— 

     

753.6 

 

768.9 

   

327.8 

 

440.6 

Earnings/(loss) per share – cents 

                   

Basic 

 

115.91 

 

82.13 

         

Continuing operations 

   

79.24 

 

95.07 

         

Discontinued operation 

   

36.67 

 

(12.94)

         

Diluted 

 

112.48 

 

79.73 

         

Continuing operations 

   

76.16 

 

92.56 

         

Discontinued operation 

   

36.32 

 

(12.83)

         

*Restated – Refer note 30 of Pick n Pay Stores Limited’s Annual Financial Statements.