| |
Pick n Pay Group of Companies annual financial statements
Consolidated statements of comprehensive income
for the period ended 3 March 2013
| |
|
Pick n Pay Stores
Group |
|
Pick n Pay Holdings
Group |
| |
|
2013 |
2012 |
|
2013 |
2012 |
| |
Notes |
Rm |
Rm |
|
Rm |
Rm |
| CONTINUING OPERATIONS |
|
|
|
|
|
|
| Revenue |
1 |
59 658.5 |
55 634.4 |
|
59 658.5 |
55 634.4 |
| Turnover |
|
59 271.3 |
55 330.5 |
|
59 271.3 |
55 330.5 |
| Cost of merchandise sold |
|
(48 761.4) |
(45 350.0) |
|
(48 761.4) |
(45 350.0) |
| Gross profit |
|
10 509.9 |
9 980.5 |
|
10 509.9 |
9 980.5 |
| Other trading income |
1 |
344.4 |
264.4 |
|
344.4 |
264.4 |
| Trading expenses |
|
(10 001.9) |
(8 969.8) |
|
(10 003.8) |
(8 971.4) |
| Employee costs |
2.2 |
(4 952.0) |
(4 658.5) |
|
(4 952.0) |
(4 658.5) |
| Occupancy |
|
(1 500.5) |
(1 302.1) |
|
(1 500.5) |
(1 302.1) |
| Operations |
|
(2 363.9) |
(2 149.4) |
|
(2 363.9) |
(2 149.4) |
| Merchandising and administration |
|
(1 185.5) |
(859.8) |
|
(1 187.4) |
(861.4) |
|
|
|
|
|
|
|
| Trading profit |
|
852.4 |
1 275.1 |
|
850.5 |
1 273.5 |
| Profit/(loss) on sale of property, equipment and vehicles and intangible assets |
|
21.6 |
(7.6) |
|
21.6 |
(7.6) |
| Interest received |
1 |
42.8 |
39.5 |
|
42.8 |
39.5 |
| Interest paid |
2.3 |
(131.3) |
(135.1) |
|
(131.3) |
(135.1) |
| Share of associates’ income/(losses) |
14.1 |
23.4 |
(1.9) |
|
23.4 |
(1.9) |
| Profit before tax |
2.1 |
808.9 |
1 170.0 |
|
807.0 |
1 168.4 |
| Tax |
5.1 |
(258.3) |
(407.7) |
|
(258.3) |
(407.7) |
| Profit for the period from continuing operations |
|
550.6 |
762.3 |
|
548.7 |
760.7 |
| Profit for the period from discontinued operation |
|
— |
351.2 |
|
— |
351.2 |
| Profit on sale of discontinued operation |
6 |
— |
438.4 |
|
— |
438.4 |
| Loss from discontinued operation |
6 |
— |
(87.2) |
|
— |
(87.2) |
|
|
|
|
|
|
|
| Profit for the period |
|
550.6 |
1 113.5 |
|
548.7 |
1 111.9 |
| Equity holders of the Company |
|
— |
— |
|
294.5 |
598.6 |
| Non-controlling interest |
|
— |
— |
|
254.2 |
513.3 |
| Other comprehensive income/(loss), net of tax |
|
6.5 |
(358.3) |
|
6.5 |
(358.3) |
| Exchange rate differences on translating foreign operations |
|
5.1 |
224.1 |
|
5.1 |
224.1 |
| Net loss on hedge of net investment in foreign operation |
|
— |
(49.9) |
|
— |
(49.9) |
| Foreign currency translation deficit realised on sale of discontinued operation |
|
— |
(539.8) |
|
— |
(539.8) |
| Retirement benefit actuarial gain |
|
1.4 |
7.3 |
|
1.4 |
7.3 |
|
|
|
|
|
|
|
| Total comprehensive income for the period |
|
557.1 |
755.2 |
|
555.2 |
753.6 |
| Comprehensive income for the period attributable to: |
|
|
|
|
|
|
| Equity holders of the Company |
|
— |
— |
|
298.0 |
405.4 |
| Non-controlling interest |
|
— |
— |
|
257.2 |
348.2 |
| |
|
— |
— |
|
555.2 |
753.6 |
| Earnings per share – cents |
|
|
|
|
|
|
| Basic |
7 |
115.14 |
233.21 |
|
57.03 |
115.91 |
| Continuing operations |
|
115.14 |
159.64 |
|
57.03 |
79.24 |
| Discontinued operation |
|
— |
73.57 |
|
— |
36.67 |
| Diluted basic |
7 |
113.39 |
228.69 |
|
55.57 |
112.48 |
| Continuing operations |
|
113.39 |
156.55 |
|
55.57 |
76.16 |
| Discontinued operation |
|
— |
72.14 |
|
— |
36.32 |
|
|
|
|
|
|
|
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