| |
Unaudited Six months ended |
|
| |
Aug 2007
Rm |
Growth
% |
Aug 2006
Rm |
Audited
Year
to
Feb 2007
Rm |
| Revenue (note 2) |
22 736.6 |
|
19 487.0 |
41 128.1 |
| Turnover |
21 759.4 |
16.9 |
18 617.3 |
39 337.1 |
| Cost of merchandise sold |
(18 020.7) |
|
(15 429.9) |
(32 443.2) |
| Gross profit |
3 738.7 |
|
3 187.4 |
6 893.9 |
| Other trading income |
955.7 |
|
849.9 |
1 749.4 |
| Trading expenses |
(4 126.0) |
|
(3 584.2) |
(7 354.9) |
| Loss on sale of property, equipment |
|
|
|
|
| and vehicles |
— |
|
(4.7) |
(17.0) |
| Trading profit |
568.4 |
26.8 |
448.4 |
1 271.4 |
| Interest received |
21.5 |
|
19.8 |
41.6 |
| Profit on sale of investments |
— |
|
7.8 |
8.2 |
| Profit on sale of stores |
47.0 |
|
— |
7.6 |
| Operating profit |
636.9 |
|
476.0 |
1 328.8 |
| Interest paid |
(30.3) |
|
(27.1) |
(49.3) |
| Share of associate’s profit |
— |
|
24.1 |
26.1 |
| Impairment of investment in associate (note 4) |
(9.1) |
|
— |
(64.0) |
| Impairment of Score goodwill |
— |
|
— |
(36.3) |
| Profit before tax |
597.5 |
|
473.0 |
1 205.3 |
| Tax (note 5) |
(227.5) |
|
(178.3) |
(529.7) |
| Profit for the period |
370.0 |
|
294.7 |
675.6 |
| Trading profit margin |
2.6% |
|
2.4% |
3.2% |
| Operating profit margin |
2.9% |
|
2.6% |
3.4% |
| Earnings per share – cents |
|
|
|
|
| Basic |
81.92 |
|
64.53 |
148.13 |
| Diluted |
77.25 |
|
60.96 |
139.86 |
| Interim dividend – No. 79 payable |
31.10 |
15.2 |
27.00 |
|
| Headline earnings reconciliation |
|
|
|
|
| Profit for the period |
370.0 |
|
294.7 |
675.6 |
| Loss on sale of property, equipment |
|
|
|
|
| and vehicles |
— |
|
4.7 |
17.0 |
| Profit on sale of investments |
— |
|
(7.8) |
(8.2) |
| Profit on sale of stores |
(47.0) |
|
— |
(7.6) |
| Impairment of investment in associate (note 4) |
9.1 |
|
— |
64.0 |
| Impairment of Score goodwill |
— |
|
— |
36.3 |
| Headline earnings |
332.1 |
13.9 |
291.6 |
777.1 |
| Reversal of deferred tax asset (note 5) |
— |
|
— |
46.4 |
| Headline earnings before deferred tax |
|
|
|
|
| reversal |
332.1 |
|
291.6 |
823.5 |
| Headline earnings per share – cents |
|
|
|
|
| Headline – before deferred tax reversal |
73.52 |
15.1 |
63.86 |
180.55 |
| Headline |
73.52 |
|
63.86 |
170.38 |
| Diluted |
69.35 |
|
60.32 |
160.79 |
