|
|
|
|
|
Audited |
|
Six Months
Ended |
Year to |
|
Aug
2006 |
|
Aug
2005 |
|
Feb
2006 |
|
Rm |
|
Rm |
|
Rm |
|
|
|
|
|
|
|
|
|
|
|
|
| Trading
profit |
456.2 |
|
370.5 |
|
1
044.9 |
| Profit
on sale of investment |
(
7.8) |
|
- |
|
- |
| Loss
on sale of property, equipment and vehicles |
4.7 |
|
6.8 |
|
2.5 |
| Depreciation
and amortisation |
187.0 |
|
175.9 |
|
325.4 |
| Share
options expense |
14.3 |
|
8.1 |
|
22.4 |
| Net
operating lease obligations |
20.5 |
|
24.0 |
|
47.8 |
| Increase
in trade and other payables |
655.1 |
|
380.5 |
|
377.9 |
| Increase
in inventory |
(
172.4) |
|
(
102.1) |
|
(
125.6) |
| Increase
in trade and other receivables |
(
122.3) |
|
(
62.6) |
|
(
85.2) |
| Cash
generated by trading activities |
1
035.3 |
|
801.1 |
|
1
610.1 |
| Interest
received |
19.8 |
|
34.5 |
|
56.7 |
| Cash
generated by operations |
1
055.1 |
|
835.6 |
|
1
666.8 |
|
|
|
|
|
|
| Interest
paid |
(
27.1) |
|
(
21.8) |
|
(
37.6) |
| Dividends
received |
- |
|
- |
|
0.2 |
| Dividends
paid |
(
403.9) |
|
(
347.1) |
|
(
452.0) |
| Tax
paid |
(
398.6) |
|
(
318.1) |
|
(
565.5) |
| Cash
flows from operating activities |
225.5 |
|
148.6 |
|
611.9 |
|
|
|
|
|
|
| Property,
equipment and vehicles additions |
(
417.5) |
|
(
386.0) |
|
(
829.3) |
| Proceeds
on sale of property, equipment and vehicles |
28.8 |
|
41.8 |
|
49.6 |
| Intangible
asset additions |
(
26.8) |
|
- |
|
(
90.0) |
| Acquisition
of stores |
(
2.2) |
|
- |
|
(
5.2) |
| Proceeds
on sale of investment |
8.7 |
|
- |
|
- |
| Loans
repaid / (advanced) |
12.8 |
|
1.1 |
|
(
0.9) |
|
|
|
|
|
|
| Cash
flows from investing activities |
(
396.2) |
|
(
343.1) |
|
(
875.8) |
|
|
|
|
|
|
| Debt (repaid) / raised |
(
34.8) |
|
49.9 |
|
4.3 |
| Share
repurchases |
(
221.1) |
|
(
90.6) |
|
(
132.0) |
| Take-up
of share options from share trust |
20.2 |
|
10.3 |
|
25.2 |
| Cash
flows from financing activities |
(
235.7) |
|
(
30.4) |
|
(
102.5) |
|
|
|
|
|
|
| Net
decrease in cash and cash equivalents |
(
406.4) |
|
( 224.9) |
|
( 366.4) |
| Cash
and cash equivalents at 1 March |
944.6 |
|
1
329.0 |
|
1
329.0 |
| Exchange
rate effect on cash and cash equivalents |
2.7 |
|
(
3.9) |
|
(
18.0) |
|
|
|
|
|
|
| Cash
and cash equivalents at 31 August / 28
February |
540.9 |
|
1
100.2 |
|
944.6 |
|
|
|
|
|
|