Statement of comprehensive income |
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Unaudited
Six months ended |
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Audited
Year to |
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Aug 2009
Rm |
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Growth
% |
Aug 2008*
Rm |
|
Feb 2009
Rm |
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| Continuing operations |
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|
|
|
|
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|
| Revenue (note 4) |
26 701.7 |
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|
23 772.8 |
|
50 135.8 |
|
| Turnover |
26 558.1 |
|
12.3 |
23 651.9 |
|
49 862.1 |
|
| Cost of merchandise sold |
(21 617.8) |
|
|
(19 200.5) |
|
(40 404.7) |
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| Gross profit |
4 940.3 |
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|
4 451.4 |
|
9 457.4 |
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| Other trading income |
97.1 |
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|
89.1 |
|
201.8 |
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| Trading expenses |
(4 299.9) |
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|
(3 843.3) |
|
(7 958.9) |
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| Loss on sale of equipment and vehicles |
(3.0) |
|
|
(6.4) |
|
(13.7) |
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| Trading profit |
734.5 |
|
|
690.8 |
|
1 686.6 |
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| Interest received |
46.5 |
|
|
31.8 |
|
71.9 |
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| Interest paid |
(44.1) |
|
|
(55.2) |
|
(107.5) |
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| Profit on sale of property |
190.9 |
|
|
— |
|
68.7 |
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| Profit on sale of stores |
— |
|
|
15.1 |
|
15.1 |
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| Profit before tax |
927.8 |
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|
682.5 |
|
1 734.8 |
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| Tax |
(272.7) |
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|
(248.0) |
|
(568.0) |
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| Profit for the period from continuing operations |
655.1 |
|
|
434.5 |
|
1 166.8 |
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| Loss from discontinued operation (note 7) |
(68.6) |
|
|
(48.7) |
|
(118.5) |
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| Profit for the period |
586.5 |
|
|
385.8 |
|
1 048.3 |
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| Other comprehensive income |
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|
|
|
|
|
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| Exchange rate differences on translating foreign operations |
27.2 |
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|
(67.2) |
|
(98.8) |
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| Total comprehensive income for the period |
613.7 |
|
|
318.6 |
|
949.5 |
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| Gross profit margin |
18.6% |
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|
18.8% |
|
19.0% |
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| Trading profit margin |
2.8% |
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|
2.9% |
|
3.4% |
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| Earnings per share – cents |
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|
|
|
|
|
|
| Basic |
124.01 |
|
|
81.83 |
|
222.23 |
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| Continuing operations |
138.51 |
|
|
92.16 |
|
247.35 |
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| Discontinued operation |
(14.50) |
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|
(10.33) |
|
(25.12) |
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| Diluted |
122.22 |
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|
81.33 |
|
220.45 |
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| Continuing operations |
136.52 |
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|
91.59 |
|
245.37 |
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| Discontinued operation |
(14.30) |
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|
(10.26) |
|
(24.92) |
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 |
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| Headline earnings reconciliation |
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|
|
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| Profit for the period |
586.5 |
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|
385.8 |
|
1 048.3 |
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| Headline adjustments (net of tax): |
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|
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| Loss on sale of equipment and vehicles |
3.0 |
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|
6.4 |
|
13.7 |
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| Loss on sale of equipment and vehicles – discontinued operation |
0.4 |
|
|
4.9 |
|
3.9 |
|
| Profit on sale of property |
(183.7) |
|
|
— |
|
(68.7) |
|
| Profit on sale of stores |
— |
|
|
(15.1) |
|
(15.1) |
|
| Headline earnings |
406.2 |
|
|
382.0 |
|
982.1 |
|
| Continuing operations |
474.4 |
|
11.4 |
425.8 |
|
1 096.7 |
|
| Discontinued operation |
(68.2) |
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|
(43.8) |
|
(114.6) |
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| Headline earnings per share – cents |
|
|
|
|
|
|
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| Headline |
85.88 |
|
|
81.03 |
|
208.19 |
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| Continuing operations |
100.30 |
|
11.1 |
90.31 |
|
232.48 |
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| Discontinued operation |
(14.42) |
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|
(9.28) |
|
(24.29) |
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| Diluted |
84.64 |
|
|
80.53 |
|
206.53 |
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| Continuing operations |
98.85 |
|
|
89.76 |
|
230.62 |
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| Discontinued operation |
(14.21) |
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|
(9.23) |
|
(24.09) |
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| Interim dividend – No. 83 payable |
39.75 |
|
11.2 |
35.75 |
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| *Restated – refer note 1 |
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