| |
 |
|
|
|
|
|
| Statement of comprehensive income |
Reviewed
Year to
Feb 2011
Rm |
|
|
Growth
% |
|
Audited
Year to
Feb 2010*
Rm |
| Continuing Operations |
|
|
|
|
|
|
| Revenue (note 3) |
52 216.7 |
|
|
|
|
49 323.8 |
| Turnover |
51 945.8 |
|
|
5.9 |
|
49 068.6 |
| Cost of merchandise sold |
(42 859.6) |
|
|
|
|
(40 245.0) |
| Gross profit |
9 086.2 |
|
|
|
|
8 823.6 |
| Other trading income |
231.4 |
|
|
|
|
186.5 |
| Trading expenses |
(7 899.9) |
|
|
|
|
(7 371.4) |
| Trading profit |
1 417.7 |
|
|
(13.5) |
|
1 638.7 |
| Interest received |
39.5 |
|
|
|
|
68.7 |
| Interest paid |
(111.0) |
|
|
|
|
(86.3) |
| Gain on recognition of investment in associate |
7.5 |
|
|
|
|
- |
| Share of associate's income |
2.4 |
|
|
|
|
- |
| Profit on sale of property |
- |
|
|
|
|
190.9 |
| Profit before tax |
1 356.1 |
|
|
|
|
1 812.0 |
| Tax |
(447.8) |
|
|
|
|
(531.9) |
| Profit for the year from continuing operations |
908.3 |
|
|
|
|
1 280.1 |
| Loss from discontinued operations (note 6) |
(123.4) |
|
|
|
|
(91.2) |
| Profit for the year |
784.9 |
|
|
|
|
1 188.9 |
| Other comprehensive income |
|
|
|
|
|
|
| Exchange rate differences on translating foreign operations |
50.1 |
|
|
|
|
73.8 |
| Net loss on hedge of net investment in foreign operation |
(52.2) |
|
|
|
|
- |
| Retirement benefit actuarial loss |
(12.5) |
|
|
|
|
(34.3) |
| Total comprehensive income for the year |
770.3 |
|
|
|
|
1 228.4 |
| EBITDA, excluding capital items |
2 160.9 |
|
|
(4.9) |
|
2 271.3 |
| Gross profit margin |
17.5% |
|
|
|
|
18.0% |
| Trading profit margin |
2.7% |
|
|
|
|
3.3% |
| Earnings per share - cents |
|
|
|
|
|
|
| Basic |
164.99 |
|
|
(34.3) |
|
251.25 |
| Continuing operations |
190.92 |
|
|
(29.4) |
|
270.53 |
| Discontinued operations |
(25.93) |
|
|
|
|
(19.28) |
| Diluted |
162.20 |
|
|
(34.4) |
|
247.40 |
| Continuing operations |
187.68 |
|
|
(29.5) |
|
266.38 |
| Discontinued operations |
(25.48) |
|
|
|
|
(18.98) |
 |
|
|
|
|
|
|
| Headline earnings reconciliation |
|
|
|
|
|
|
| Profit for the year |
784.9 |
|
|
|
|
1 188.9 |
| Headline adjustments (net of tax): |
|
|
|
|
|
|
| Loss on sale of equipment and vehicles - discontinued operations |
7.0 |
|
|
|
|
6.9 |
| Profit on sale of property |
- |
|
|
|
|
(183.7) |
| Gain on recognition of investment in associate |
(7.5) |
|
|
|
|
- |
| Headline earnings |
784.4 |
|
|
(22.5) |
|
1 012.1 |
| Continuing operations |
900.8 |
|
|
(17.8) |
|
1 096.4 |
| Discontinued operations |
(116.4) |
|
|
|
|
(84.3) |
| Headline earnings per share - cents |
|
|
|
|
|
|
| Headline |
164.90 |
|
|
(22.9) |
|
213.90 |
| Continuing operations |
189.35 |
|
|
(18.3) |
|
231.71 |
| Discontinued operations |
(24.45) |
|
|
|
|
(17.81) |
| Diluted |
162.10 |
|
|
(23.0) |
|
210.62 |
| Continuing operations |
186.14 |
|
|
(18.4) |
|
228.16 |
| Discontinued operations |
(24.04) |
|
|
|
|
(17.54) |
|
|
|
|
|
|
|
| Interim dividend - No. 85 paid |
37.00 |
|
|
|
|
39.75 |
| Final dividend - No. 86 payable |
105.50 |
|
|
|
|
134.75 |
| Total dividend |
142.50 |
|
|
(18.3) |
|
174.50 |
