Pick n Pay Group of Companies financial statements

statements of comprehensive income

for the period ended

Pick n Pay Stores Group

Pick n Pay Holdings Group

Notes

52 weeks

1 March

2015

Rm

52 weeks

2 March

2014

Rm

52 weeks

1 March

2015

Rm

52 weeks

2 March

2014

Rm

Revenue

2

67 603.1

63 661.9

67 603.1

63 661.9

Turnover

2

66 940.8

63 117.0

66 940.8

63 117.0

Cost of merchandise sold

(54 994.3)

(52 077.1)

(54 994.3)

(52 077.1)

Gross profit

11 946.5

11 039.9

11 946.5

11 039.9

Other trading income

2

602.9

500.6

602.9

500.6

Trading expenses

(11 309.3)

(10 530.2)

(11 310.8)

(10 532.4)

Employee costs

3

(5 653.8)

(5 326.3)

(5 653.9)

(5 326.5)

Occupancy

(1 867.6)

(1 613.9)

(1 867.6)

(1 613.9)

Operations

(2 618.8)

(2 580.5)

(2 618.8)

(2 580.5)

Merchandising and administration

(1 169.1)

(1 009.5)

(1 170.5)

(1 011.5)

Trading profit

1 240.1

1 010.3

1 238.6

1 008.1

Profit/(loss) on sale of property, plant and equipment

10.4

(5.5)

10.4

(5.5)

Impairment loss on intangible assets

9

(104.1)

(104.1)

Finance income

2

59.4

44.3

59.4

44.3

Finance costs

3

(119.0)

(143.9)

(119.0)

(143.9)

Share of associate’s income

14

14.3

32.0

14.3

32.0

Profit before tax

3

1 205.2

833.1

1 203.7

830.9

Tax

6

(343.5)

(249.4)

(343.5)

(249.4)

Profit for the period

861.7

583.7

860.2

581.5

Other comprehensive income

Items that will not be reclassified to profit or loss

33.0

57.1

33.0

57.1

Remeasurement in retirement scheme assets

22

45.9

79.3

45.9

79.3

Tax on remeasurement in retirement scheme assets

6

(12.9)

(22.2)

(12.9)

(22.2)

Items that may be reclassified to profit or loss

Exchange rate differences on translating foreign operations

(11.4)

6.4

(11.4)

6.4

Total comprehensive income for the period

883.3

647.2

881.8

645.0

Profit for the period attributable to:

861.7

583.7

860.2

581.5

Owners of the Company

861.7

583.7

461.8

312.9

Non-controlling interest

29

398.4

268.6

Total comprehensive income for the period
attributable to:

883.3

647.2

881.8

645.0

Owners of the Company

883.3

647.2

473.4

347.2

Non-controlling interest

408.4

297.8

Earnings per share

Cents

Cents

Cents

Cents

Basic

7

178.79

122.01

88.78

60.61

Diluted

7

176.24

120.21

86.54

59.10