| 1. |
The Group’s interim condensed consolidated fi nancial statements have been prepared in accordance with IAS 34 – Interim Financial Reporting. The accounting policies and methods of computation applied in the
preparation of these fi nancial statements are consistent with those applied in the preparation of the Group’s annual fi nancial statements for the year ended 28 February 2007. |
| 2. |
Revenue comprises turnover, other trading income and interest received. |
| 3. |
The weighted average number of shares is lower than that in issue due to the treasury shares held by the Group being treated as cancelled for this calculation. |
| 4. |
An impairment review has been performed on the value of the investment in TM Supermarkets and due to the worsening economic conditions in Zimbabwe we have written down the investment by R9.1 million to a carrying value of nil. |
| 5. |
The February 2007 tax charge included a reversal of a deferred tax asset of R46.4 million relating to Score Supermarkets. As disclosed last year, we consider a headline earnings calculation excluding this charge to more fully reflect the Group’s result for that year. |
| 6. |
During the period the Group raised a fi xed interest 5-year term bank loan of R500 million to fund capital expenditure. |
| 7. |
Trading profi t in Australia includes a R47.0 million profi t on the sale of 2 stores to a franchisee, as part of our strategic franchise roll-out. |
