Pick n Pay Group of Companies financial statements
notes to the group financial statements
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Pick n Pay Stores Group |
Pick n Pay Holdings Group |
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52 weeks 1 March 2015 Cents per share |
52 weeks 2 March 2014 Cents per share |
52 weeks 1 March 2015 Cents per share |
52 weeks 2 March 2014 Cents per share |
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7. |
EARNINGS PER SHARE |
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Basic |
178.79 |
122.01 |
88.78 |
60.61 |
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Diluted |
176.24 |
120.21 |
86.54 |
59.10 |
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Headline |
177.26 |
138.51 |
88.01 |
68.83 |
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Diluted headline |
174.72 |
136.46 |
85.80 |
67.13 |
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7.1 |
Basic and headline earnings |
Rm |
Rm |
Rm |
Rm |
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Reconciliation between basic and headline earnings: |
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Profit for the period |
861.7 |
583.7 |
461.8 |
312.9 |
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Profit attributable to forfeitable share plan shares |
(6.5) |
— |
(3.5) |
— |
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Basic earnings for the period |
855.2 |
583.7 |
458.3 |
312.9 |
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Adjustments: |
(7.4) |
78.9 |
(4.0) |
42.5 |
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(Profit)/loss on sale of property, plant and equipment |
(10.4) |
5.5 |
(5.6) |
3.0 |
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Tax effect of profit/(loss) on sale of property, plant and equipment |
3.0 |
(1.6) |
1.6 |
(0.8) |
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Impairment of intangible assets |
— |
104.1 |
— |
56.0 |
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Tax effect of impairment of intangible assets |
— |
(29.1) |
— |
(15.7) |
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Adjustments attributable to forfeitable share plan |
— |
— |
— |
— |
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Headline earnings |
847.8 |
662.6 |
454.3 |
355.4 |
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Dilutive effect of share options |
— |
— |
(6.8) |
(4.7) |
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Diluted basic earnings |
855.2 |
583.7 |
451.5 |
308.2 |
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Dilutive effect of share options |
— |
— |
(6.7) |
(5.3) |
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Diluted headline earnings |
847.8 |
662.6 |
447.6 |
350.1 |
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Reconciliation of number of shares in issue to weighted-average number of shares: |
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Number of shares in issue (note 19) |
487 322.3 |
480 397.3 |
527 249.1 |
527 249.1 |
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Shares issued under forfeitable share plan (note 5) |
(6 925.0) |
— |
— |
— |
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Effect of current period share repurchases by the share trust |
(1 566.2) |
(504.3) |
(431.4) |
(287.3) |
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Effect of share sales on the take up of share options |
1 452.4 |
540.3 |
463.4 |
246.8 |
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Prior period net repurchases now fully weighted |
(1 974.5) |
(2 046.7) |
(11 042.5) |
(10 961.5) |
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Weighted-average number of shares |
478 309.0 |
478 386.8 |
516 238.6 |
516 247.1 |
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Dilutive effect of share options |
6 936.3 |
7 190.6 |
5 472.8 |
5 248.2 |
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Diluted weighted-average number of ordinary shares in issue |
485 245.3 |
485 577.4 |
521 711.4 |
521 495.3 |
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