| |
Unaudited
Six months ended |
|
Audited
Year to |
| INCOME STATEMENT |
Aug 2008
Rm |
|
Growth
% |
|
Aug 2007*
Rm |
|
Feb 2008*
Rm |
| Continuing operations |
|
|
|
|
|
|
|
| Revenue (note 2) |
24 804.9 |
|
|
|
21 278.8 |
|
44 516.1 |
| Turnover |
23 651.9 |
|
16.4 |
|
20 322.6 |
|
42 474.3 |
| Cost of merchandise sold (note 4) |
(19 811.2) |
|
|
|
(16 980.6) |
|
(35 383.3) |
| Gross profit |
3 840.7 |
|
|
|
3 342.0 |
|
7 091.0 |
| Other trading income |
1 121.2 |
|
|
|
936.5 |
|
1 996.8 |
| Trading expenses (note 4) |
(4 264.7) |
|
|
|
(3 686.4) |
|
(7 561.8) |
| Loss on sale of property, equipment and vehicles |
(6.4) |
|
|
|
— |
|
(4.4) |
| Trading profit |
690.8 |
|
16.7 |
|
592.1 |
|
1 521.6 |
| Interest received |
31.8 |
|
|
|
19.7 |
|
45.0 |
| Interest paid |
(55.2) |
|
|
|
(30.3) |
|
(79.2) |
| Profit on sale of stores |
15.1 |
|
|
|
47.0 |
|
47.0 |
| Operating profit |
682.5 |
|
|
|
628.5 |
|
1 534.4 |
| Impairment of investment in associate |
— |
|
|
|
(9.1) |
|
(9.1) |
| Profit before tax |
682.5 |
|
|
|
619.4 |
|
1 525.3 |
| Tax |
(248.0) |
|
|
|
(227.5) |
|
(557.6) |
| Profit for the period from continuing operations |
434.5 |
|
|
|
391.9 |
|
967.7 |
| Loss from discontinued operation (note 7) |
(48.7) |
|
|
|
(21.9) |
|
(30.9) |
| Profit for the period |
385.8 |
|
|
|
370.0 |
|
936.8 |
| Trading profit margin – continuing operations |
2.9% |
|
|
|
2.9% |
|
3.6% |
| Earnings per share – cents |
|
|
|
|
|
|
|
| Basic |
81.83 |
|
|
|
81.92 |
|
206.19 |
| Continuing operations |
92.16 |
|
|
|
86.77 |
|
212.99 |
| Discontinued operation |
(10.33) |
|
|
|
(4.85) |
|
(6.80) |
| Diluted |
81.33 |
|
|
|
77.25 |
|
196.47 |
| Continuing operations |
91.59 |
|
|
|
81.82 |
|
202.95 |
| Discontinued operation |
(10.26) |
|
|
|
(4.57) |
|
(6.48) |
| Interim dividend – No. 81 payable |
35.75 |
|
15.0 |
|
31.10 |
|
|
| Headline earnings reconciliation |
|
|
|
|
|
|
|
| Profit for the period |
385.8 |
|
|
|
370.0 |
|
936.8 |
| Loss on sale of property, equipment and vehicles |
11.3 |
|
|
|
— |
|
4.4 |
| Profit on sale of stores |
(15.1) |
|
|
|
(47.0) |
|
(47.0) |
| Impairment of investment in associate |
— |
|
|
|
9.1 |
|
9.1 |
| Headline earnings |
382.0 |
|
|
|
332.1 |
|
903.3 |
| Continuing operations |
425.8 |
|
20.3 |
|
354.0 |
|
934.2 |
| Discontinued operation |
(43.8) |
|
|
|
(21.9) |
|
(30.9) |
| Headline earnings per share – cents |
|
|
|
|
|
|
|
| Headline |
81.03 |
|
|
|
73.52 |
|
198.82 |
| Continuing operations |
90.31 |
|
15.2 |
|
78.37 |
|
205.62 |
| Discontinued operation |
(9.28) |
|
|
|
(4.85) |
|
(6.80) |
| Diluted |
80.53 |
|
|
|
69.35 |
|
189.45 |
| Continuing operations |
89.76 |
|
21.5 |
|
73.90 |
|
195.92 |
| Discontinued operation |
(9.23) |
|
|
|
(4.55) |
|
(6.47) |
| *Restated – refer notes 4 and 7. |
|
|
