Pick n Pay Group of Companies financial statements
Notes to the Group financial statements
for the period ended

31.	Early adoption and other reclassifications
31.1	Early adoption
	The amendments to IAS 36 Impairment of Assets, effective 1 January 2014, has been early adopted by the Group. Amendments to the standard requires recoverable amounts to be disclosed only when an impairment loss has been recognised or reversed. This had no material impact on the reported result and all related disclosure has been amended in the 2014 integrated annual report.
31.2	Reclassifications
	Other trading income
	During the period under review, trading income previously included under cost of merchandise sold has been reclassified and disclosed separately. This has been done to improve visibility of all other trading income, specifically commissions received. The prior year has been restated to align with the current year disclosures. Refer to note 2.

			Pick n Pay Stores Group and Pick n Pay Holdings Group
			364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm	Adjustment   Rm	368 days to   3 March   2013   As previously   stated   Rm
	Other trading income		500.6	518.9	174.5	344.4
	Franchise fee income		311.2	321.5	37.5	284.0
	Operating lease income		77.8	75.8	15.4	60.4
	Commissions and other income		111.6	121.6	121.6	—
	Provisions

	In order to improve disclosure, provisions previously included under trade and other payables are now presented separately.
	Refer to notes 11, 16, 24 and 26 for further restatements in order to improve disclosure.