INCOME
STATEMENT |
Reviewed
Year to
Feb/2008
Rm |
Growth
% |
Audited
Year to
Feb 2007
Rm |
| Revenue (note 2) |
47
466.5 |
|
41 128.1 |
| Turnover |
45
380.7 |
15.4 |
39 337.1 |
| Cost of merchandise sold |
(37
411.0) |
|
(32 443.2) |
| Gross profit |
7
969.7 |
|
6 893.9 |
| Other trading income |
2
036.9 |
|
1 749.4 |
| Trading expenses |
(8
515.4) |
|
(7 354.9) |
| Loss on sale of property, equipment and vehicles |
(
4.4) |
|
( 17.0) |
| Trading profit |
1
486.8 |
16.9 |
1 271.4 |
| Interest received |
48.9 |
|
41.6 |
| Interest paid |
(
79.2) |
|
( 49.3) |
| Profit on sale of stores |
47.0 |
|
7.6 |
| Operating profit |
1
503.5 |
|
1 271.3 |
| Share of associate's profit |
- |
|
26.1 |
| Impairment of investment in associate (note
4) |
(
9.1) |
|
(64.0) |
| Impairment of Score goodwill |
- |
|
(36.3) |
| Profit on sale of investments |
- |
|
8.2 |
| Profit before tax |
1
494.4 |
|
1 205.3 |
| Tax (note 5) |
(
557.6) |
|
( 529.7) |
| Profit for the year |
936.8 |
|
675.6 |
| Trading profit margin |
3.3% |
|
3.2% |
| Earnings per share - cents |
|
|
|
| Basic |
206.19 |
|
148.13 |
| Diluted |
196.47 |
|
139.86 |
| Interim dividend - No. 79
paid |
31.10 |
|
27.00 |
| Final dividend -
No. 80 payable |
118.00 |
10.0 |
107.25 |
| Total dividend |
149.10 |
11.1 |
134.25 |
| Headline earnings reconciliation |
|
|
|
| Profit for the year |
936.8 |
|
675.6 |
| Loss on sale of property, equipment and vehicles |
4.4 |
|
17.0 |
| Profit on sale of stores |
(47.0) |
|
(7.6) |
| Impairment of investment in associate (note
4) |
9.1 |
|
64.0 |
| Impairment of Score goodwill |
- |
|
36.3 |
| Profit on sale of investments |
- |
|
(8.2) |
| Headline earnings |
903.3 |
16.2 |
777.1 |
| Reversal of deferred tax asset (note
5) |
- |
|
46.4 |
| Headline earnings before deferred tax
reversal |
903.3 |
9.7 |
823.5 |
| Headline earnings per share - cents |
|
|
|
| Headline |
198.82 |
16.7 |
170.38 |
| Headline - before
deferred tax reversal |
198.82 |
10.1 |
180.55 |
| Diluted |
189.45 |
|
160.79 |
