| Income statement |
Reviewed
Year to
Feb 2009
Rm |
|
Growth
% |
Audited
Year to
Feb 2008*
Rm |
Continuing operations
Revenue (note 2) |
50 135.8 |
|
|
42 677.2 |
| Turnover |
49 862.1 |
|
17.4 |
42 474.3 |
| Cost of merchandise sold |
(40 404.7) |
|
|
(34 216.2) |
| Gross profit |
9 457.4 |
|
|
8 258.1 |
| Other trading income |
201.8 |
|
|
157.9 |
| Trading expenses |
(7 958.9) |
|
|
(6 894.3) |
| Loss on sale of equipment and vehicles |
(13.7) |
|
|
(4.4) |
| Trading profit |
1 686.6 |
|
11.2 |
1 517.3 |
| Interest received |
71.9 |
|
|
45.0 |
| Interest paid |
(107.5) |
|
|
(79.2) |
| Profit on sale of property |
68.7 |
|
|
- |
| Profit on sale of stores |
15.1 |
|
|
47.0 |
| Operating profit |
1 734.8 |
|
|
1 530.1 |
| Impairment of investment in associate |
- |
|
|
(9.1) |
| Profit before tax |
1 734.8 |
|
|
1 521.0 |
| Tax |
(568.0) |
|
|
(556.3) |
| Profit for the year from continuing operations |
1 166.8 |
|
|
964.7 |
| Loss from discontinued operation (note 8) |
(118.5) |
|
|
(31.3) |
| Profit for the year |
1 048.3 |
|
|
933.4 |
| Trading profit margin |
3.4% |
|
|
3.6% |
| Earnings per share - cents |
|
|
|
|
| Basic |
222.23 |
|
|
205.43 |
| Continuing operations |
247.35 |
|
16.5 |
212.31 |
| Discontinued operation |
(25.12) |
|
|
(6.88) |
| Diluted |
220.45 |
|
|
195.75 |
| Continuing operations |
245.37 |
|
21.3 |
202.30 |
| Discontinued operation |
(24.92) |
|
|
(6.55) |
| Interim dividend - No. 81 paid |
35.75 |
|
|
31.10 |
| Final dividend - No. 82 payable |
134.25 |
|
|
118.00 |
| Total dividend |
170.00 |
|
14.0 |
149.10 |
| Headline earnings reconciliation |
|
|
|
|
| Profit for the year |
1 048.3 |
|
|
933.4 |
| Loss on sale of equipment and vehicles |
13.7 |
|
|
4.4 |
| Loss on sale of equipment and vehicles - |
|
|
|
|
| discontinued operation |
3.9 |
|
|
- |
| Profit on sale of property |
(68.7) |
|
|
- |
| Profit on sale of stores |
(15.1) |
|
|
(47.0) |
| Impairment of investment in associate |
- |
|
|
9.1 |
| Headline earnings |
982.1 |
|
|
899.9 |
| Continuing operations |
1 096.7 |
|
17.8 |
931.2 |
| Discontinued operation |
(114.6) |
|
|
(31.3) |
| Headline earnings per share - cents |
|
|
|
|
| Headline |
208.19 |
|
|
198.06 |
| Continuing operations |
232.48 |
|
13.4 |
204.94 |
| Discontinued operation |
(24.29) |
|
|
(6.88) |
| Diluted |
206.53 |
|
|
188.73 |
| Continuing operations |
230.62 |
|
18.1 |
195.28 |
| Discontinued operation |
(24.09) |
|
|
(6.55) |
|
* Restated - refer note 4 |
|
|
|
|
