Pick n Pay Holdings Limited RF year end results 2014

Consolidated statement of comprehensive income
for the period ended





  364 days to 
2 March 
2014 
Rm
Change %  368 days to 
3 March 
2013 
Rm 
Revenue    63 661.9  6.4  59 833.0 
Turnover    63 117.0  6.5  59 271.3 
Cost of merchandise sold    (52 077.1) 6.4  (48 935.9)
Gross profit    11 039.9  6.8  10 335.4 
Other trading income    500.6  (3.5) 518.9 
Trading expenses    (10 532.4) 5.3  (10 003.8)
Employee costs    (5 326.5) 7.6  (4 952.0)
Occupancy    (1 613.9) 7.6  (1 500.5)
Operations    (2 580.5) 9.2  (2 363.9)
Merchandising and administration    (1 011.5) (14.8) (1 187.4)
Trading profit    1 008.1  18.5  850.5 
(Loss)/profit on sale of property, plant and equipment    (5.5)   21.6 
Impairment loss on intangible assets    (104.1)   — 
Interest received    44.3  3.5  42.8 
Interest paid    (143.9) 9.6  (131.3)
Share of associate’s income    32.0  36.8  23.4 
Profit before tax    830.9  3.0  807.0 
Tax    (249.4) (3.4) (258.3)
Profit for the period    581.5  6.0  548.7 
Other comprehensive income         
Items that will not be reclassified to profit or loss         
Remeasurement in retirement scheme assets    57.1    1.4 
Items that may be reclassified to profit or loss         
Exchange rate differences on translating foreign operations    6.4    5.1 
Other comprehensive income, net of tax    63.5    6.5 
Total comprehensive income for the period    645.0  16.2  555.2 
    Cents  Change %  Cents 
Earnings per share    60.61  6.3  57.03 
Diluted earnings per share    59.10  6.4  55.57 
Headline earnings per share    68.83  24.9  55.11 
Diluted headline earnings per share    67.13  25.0  53.70