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Reviewed Group Result for the year ended 28 February 2006
Reviewed Group Result for the year ended 28 February 2006   - INCOME STATEMENT
 
Review of Operations
Income Statement
Balance Sheet
Cashflow Statement
Changes in Equity
Segmental Report
PIKWIK
Capitalisation and Dividends
Notes
Compliance with IFRS
 
 
INCOME STATEMENT

  Reviewed   Audited
  Year to   Year to
  Feb 2006 Growth Feb 2005
  Rm % Rm
       
Revenue (note 2) 36 784.6   33 343.9
       
Turnover 35 078.4 10.0 31 885.0
Cost of merchandise sold (29 060.1)   (26 388.2)
Gross profit 6 018.3   5 496.8
Other trading income 1 649.3   1 377.5
Trading expenses  (6 620.2)   (5 978.7)
Trading profit 1 047.4 16.9  895.6
Interest received  56.7    81.4
Operating profit 1 104.1 13.0  977.0
Interest paid (37.6)   (32.9)
Dividends received  0.2                           -  
Share of associate's profit  23.4    14.6
Exceptional items                                   (2.5)                         21.6
Profit before tax 1 087.6    980.3
Tax (note 5) (384.5)   (346.2)
Net profit for the year  703.1    634.1
       
   Trading profit margin 3.0%   2.8%
   Operating profit margin 3.1%   3.1%
       
Per share - cents      
Earnings 152.49   135.30
Diluted  earnings 144.42   129.20
Interim dividend - No.  75 paid 23.30   19.80
Final dividend - No.  76 payable 90.50 18.0 76.70
Total dividend 113.80   96.50
       
       
Headline earnings reconciliation      
Net profit for the year  703.1    634.1
       
Exceptional items  2.5    (21.6)
Loss on sale of fixed assets                                    6.8    3.8
Profit on sale of property                                  (4.3)   (1.4)
Profit on sale of Boardmans                                      -                        (24.0)
       
Headline earnings  705.6 15.2  612.5
       
Per share - cents      
Headline earnings  153.02 17.1 130.70
Diluted headline earnings 144.92   124.84
 
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