Notes to the Group annual financial statements

for the period ended 3 March 2013
    Pick n Pay Stores
Group
  Pick n Pay Holdings
Group
    2013   2012     2013   2012  
    Rm   Rm     Rm   Rm  
2.   profit before tax – continuing operations            
2.1   Profit before tax is stated after taking into account the following expenses:            
  Auditor’s remuneration   7.2   5.9     7.3   6.0  
  Assurance services   7.1   5.6     7.2   5.7  
  Other services   0.1   0.3     0.1   0.3  
  Amortisation (note 9 145.8   101.0     145.8   101.0  
  Depreciation (note 10 749.7   707.1     749.7   707.1  
  Impairment of trade and other receivables (note 18 111.2   68.5     111.2   68.5  
2.2   Employee costs – continuing operations            
  Salaries and wages   4 243.3   4 010.5     4 243.3   4 010.5  
  Staff benefits and training   316.3   269.1     316.3   269.1  
  Contributions to defined-contribution plans (note 23.2 278.6   261.8     278.6   261.8  
  Share-based payments expense (note 4.3 91.3   95.7     91.3   95.7  
  Net expense recognised on defined-benefit plan (note 23.1 17.6   19.4     17.6   19.4  
  Leave pay   4.9   2.0     4.9   2.0  
    4 952.0   4 658.5     4 952.0   4 658.5  
2.3   Interest paid   131.3   135.1     131.3   135.1  
  Finance leases   6.5   7.4     6.5   7.4  
  Bank overdrafts   22.7   52.1     22.7   52.1  
  Borrowings   102.1   75.6     102.1   75.6