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  
Cents  
per share  		 368 days to  
3 March  
2013  
Cents  
per share  		     364 days to  
2 March  
2014  
Cents  
per share  		 368 days to  
3 March  
2013  
Cents  
per share  
7.   basic, headline and diluted earnings per share                
  Basic     122.01   115.14       60.61   57.03  
  Diluted basic     120.21   113.39       59.10   55.57  
  Headline     138.51   111.30       68.83   55.11  
  Diluted headline     136.46   109.61       67.13   53.70  
7.1   Basic and headline earnings     Rm   Rm       Rm   Rm  
  Reconciliation between basic and headline earnings:                
  Basic earnings (profit for the period)     583.7   550.6       312.9   294.5  
  Adjustments:     78.9   (18.4)       42.5   (9.9)  
  Loss/(profit) on sale of property, plant and equipment     5.5   (21.6)       3.0   (11.6)  
  Tax effect of (loss)/profit on sale of property, plant and equipment     (1.6)   3.2       (0.8)   1.7  
  Impairment of intangible assets     104.1   —       56.0   —  
  Tax effect of impairment of intangible assets     (29.1)   —       (15.7)   —  
                 
  Headline earnings     662.6   532.2       355.4   284.6  
  Basic earnings (profit for the period)     583.7   550.6       312.9   294.5  
  Dilutive effect of share options     —   —       (4.7)   (4.6)  
  Diluted basic earnings     583.7   550.6       308.2   289.9  
  Headline earnings     662.6   532.2       355.4   284.6  
  Dilutive effect of share options     —   —       (5.3)   (4.5)  
  Diluted headline earnings     662.6   532.2       350.1   280.1  
7.2   Number of shares     000’s   000’s       000’s   000’s  
  Movement in the weighted average number of ordinary shares in issue comprises:                
  At beginning of period     478 132.9   477 450.4       516 340.2   516 360.5  
  Effect of current period share repurchases by the share trust     (468.2)   (899.7)       (246.8)   (268.8)  
  Effect of share sales on the take-up of share options     504.3   1 117.5       206.4   216.1  
  Prior period net share sales/repurchases now fully weighted     217.8   464.7       (52.7)   32.4  
  At end of period     478 386.8   478 132.9       516 247.1   516 340.2  
  Dilutive effect of share options     7 190.6   7 385.9       5 248.2   5 192.8  
  Diluted weighted average number of ordinary shares in issue     485 577.4   485 518.8       521 495.3   521 533.0  
  Number of shares in issue (note 19)     480 397.3   480 397.3       527 249.1   527 249.1