Statements of comprehensive income
for the year ended 29 February 2012
|
GROUP |
COMPANY |
|||||||||
Notes |
 |
2012 |
 |
2011 |
|
2012 |
|
2011 |
||
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 |
(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) |
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 for the year 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 |
1 |
115.91 |
82.13 |
|||||||
Continuing operations |
79.24 |
95.07 |
||||||||
Discontinued operation |
36.67 |
(12.94) |
||||||||
Diluted |
1 |
112.48 |
79.73 |
|||||||
Continuing operations |
76.16 |
92.56 |
||||||||
Discontinued operation |
36.32 |
(12.83) |
||||||||
|
|
|
|
|
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|
|
|
|
|
*Restated – refer note 2 of Pick n Pay Stores Limited summarised annual financial statements
