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

		Pick n Pay Stores Group				Pick n Pay Holdings Group
			364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm			364 days to   2 March   2014   Rm	368 days to   3 March   2013   Rm
3.	PROFIT BEFORE TAX
	Profit before tax is stated after taking into account the following expenses:
3.1	Employee costs
	Salaries and wages		4 610.4	4 243.3			4 610.6	4 243.3
	Staff benefits and training		272.8	316.3			272.8	316.3
	Net expense recognised on defined benefit plan (note 22.1)		21.9	17.6			21.9	17.6
	Contributions to defined contribution plans (note 22.2)		325.7	278.6			325.7	278.6
	Share-based payments expense (note 5.3)		71.5	91.3			71.5	91.3
	Leave pay		24.0	4.9			24.0	4.9
			5 326.3	4 952.0			5 326.5	4 952.0
3.2	Auditor’s remuneration
	Assurance services		7.6	7.1			7.7	7.2
	Other services		0.1	0.1			0.1	0.1
			7.7	7.2			7.8	7.3
3.3	Interest paid
	Finance leases		6.2	6.5			6.2	6.5
	Bank overdrafts		33.4	22.7			33.4	22.7
	Borrowings		104.3	102.1			104.3	102.1
			143.9	131.3			143.9	131.3