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