| |
Unaudited Six months ended |
Audited
Year to |
| |
Aug 2007
Rm |
Aug 2006
Rm |
Feb 2007
Rm |
| Trading profit |
568.4 |
448.4 |
1 271.4 |
| Loss on sale of property, equipment and vehicles |
— |
4.7 |
17.0 |
| Depreciation and amortisation |
246.4 |
187.0 |
426.4 |
| Share options expense |
20.3 |
14.3 |
29.2 |
| Net operating lease obligations |
19.0 |
20.5 |
28.8 |
| Increase in trade and other payables |
534.4 |
655.1 |
868.1 |
| Increase in inventory |
(270.6) |
(172.4) |
(383.2) |
| Increase in trade and other receivables |
(138.8) |
(122.3) |
(189.1) |
| Cash generated by trading activities |
979.1 |
1 035.3 |
2 068.6 |
| Interest received |
21.5 |
19.8 |
41.6 |
| Cash generated by operations |
1 000.6 |
1 055.1 |
2 110.2 |
| Interest paid |
(30.3) |
(27.1) |
(49.3) |
| Dividends paid |
(477.4) |
(403.9) |
(523.8) |
| Tax paid |
(282.5) |
(398.6) |
(449.9) |
| Cash flows from operating activities |
210.4 |
225.5 |
1 087.2 |
| Property, equipment and vehicles additions |
(453.8) |
(417.5) |
(1 047.0) |
| Proceeds on sale of property, equipment and vehicles |
— |
28.8 |
— |
| Intangible asset additions |
(69.3) |
(26.8) |
(79.8) |
| Acquisition of stores |
— |
(2.2) |
(2.2) |
| Proceeds on sale of stores |
50.6 |
— |
29.2 |
| Proceeds on sale of investments |
— |
8.7 |
9.1 |
| Loans (advanced)/repaid |
(2.3) |
12.8 |
(12.1) |
| Cash flows from investing activities |
(474.8) |
(396.2) |
(1 102.8) |
| Debt raised/(repaid) (note 6) |
491.9 |
(34.8) |
(38.9) |
| Share repurchases |
(300.0) |
(221.1) |
(221.2) |
| Take-up of share options by employees |
12.6 |
20.2 |
43.4 |
| Cash flows from financing activities |
204.5 |
(235.7) |
(216.7) |
| Net decrease in cash and cash equivalents |
(59.9) |
(406.4) |
(232.3) |
| Cash and cash equivalents at 1 March |
709.1 |
944.6 |
944.6 |
| Exchange rate effect on cash and cash equivalents |
6.9 |
2.7 |
(3.2) |
| Cash and cash equivalents at 31 August/28 February |
656.1 |
540.9 |
709.1 |
