| 1. |
The Group’s interim condensed consolidated financial 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 financial statements are in accordance with IFRS and, except as presented below in note
2, are consistent with those applied in the preparation of the Group’s annual financial statements for the
year ended 28 February 2009. The financial information reported for the 6 months to August 2008 has been
restated to accord with the changes effected for the year ended 28 February 2009. For further information on
the nature of these changes, please refer to note 31 of the 2009 annual report. |
| 2. |
The Group adopted the revised IAS 1, IFRS 8 and Circular 3/2009 (the revised Headline Earnings per Share circular) during the period under review. The presentation of the financial statements (IAS 1) and operating segment disclosures (IFRS 8) have been changed accordingly, with no adjustment necessary on the adoption of Circular 3/2009. |
| 3. |
During the period, certain companies within the Group entered into transactions with each other. These intra-group transactions have been eliminated on consolidation. Related party information is unchanged from that reported at
28 February 2009. For further information, please refer to note 28 of the 2009 annual report. |
| 4. |
Revenue comprises turnover, other trading income and interest received. |
| 5. |
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. |
| 6. |
Profit before tax in Australia includes a net R3.0 million loss on sale of assets (2008: R8.7 million profit). |
| 7. |
As previously reported, the Group has committed to the closure of the operations of its subsidiary, Score Supermarkets Operating Limited, which results have been disclosed as a discontinued operation. The closure of the Score operation will be completed by 28 February 2010. |
