|
|
| |
| INCOME STATEMENT |
| |
Reviewed |
|
|
Audited |
| |
2005 |
Growth |
|
2004 |
| |
Rm |
% |
|
Rm |
| |
|
|
|
|
| Revenue (note 2) |
33 175.5 |
|
|
30 448.3 |
| |
|
|
|
|
| Turnover |
31 885.0 |
8.9 |
|
29,276.10 |
| Cost of merchandise sold |
(26 597.5) |
|
|
(24,420.40) |
| Gross profit |
5 287.5 |
|
|
4,855.70 |
| Other income |
1 203.0 |
|
|
1,076.10 |
| Trading expenses |
(5 521.6) |
|
|
(5,142.80) |
| Goodwill amortisation
|
(35.3) |
|
|
(36.8) |
| Trading profit |
933.6 |
24.1 |
|
752.2 |
| Interest received |
81.4 |
|
|
81.9 |
| Operating profit |
1 015.0 |
21.7 |
|
834.1 |
| Interest paid |
(32.9) |
|
|
(46.6) |
| Dividends received |
6.1 |
|
|
14.2 |
| Exceptional items |
21.6 |
|
|
- |
| Profit before tax |
1 009.8 |
|
|
801.7 |
| Tax |
(360.2) |
|
|
(286) |
| Net profit for the year |
649.6 |
|
|
515.7 |
| |
|
|
|
|
| Trading
profit margin |
2.90% |
|
|
2.60% |
| Operating
profit margin |
3.20% |
|
|
2.80% |
| |
|
|
|
|
| Per share - cents |
|
|
|
|
| Headline
earnings |
141.54 |
20.6 |
|
117.38 |
| Earnings |
138.6 |
|
|
109.55 |
| Fully
diluted headline earnings |
134.51 |
|
|
111.64 |
| Fully
diluted earnings |
131.74 |
|
|
104.26 |
| Interim
dividend - No. 73 paid |
19.8 |
|
|
16.5 |
| Final
dividend - No. 74 payable |
76.7 |
20.8 |
|
63.5 |
| Total |
96.5 |
|
|
80 |
| Dividend cover |
1.47 |
|
|
1.47 |
| |
|
|
|
|
| |
|
|
|
|
| Headline earnings
reconciliation |
|
|
|
|
| Net profit for the year |
649.6 |
|
|
515.7 |
| Goodwill amortisation
|
35.3 |
|
|
36.8 |
| Exceptional items |
(21.6) |
|
|
- |
| |
|
|
|
|
| Profit on sale of Boardmans |
(24) |
|
|
|
| Profit on sale of property |
(1.4) |
|
|
|
| Loss on sale of fixed
assets |
3.8 |
|
|
|
| |
|
|
|
|
| Headline earnings |
663.3 |
20.1 |
|
552.5 |
|
|
