| |
Unaudited
Six months ended |
|
Audited
Year to |
| |
Aug 2010
Rm |
Growth
% |
Aug 2009*
Rm |
|
Feb 2010*
Rm |
| Continuing operations |
|
|
|
|
|
| Revenue (note 3) |
25 347.9 |
|
23 919.7 |
|
49 323.8 |
| Turnover |
25 208.4 |
6.0 |
23 779.6 |
|
49 068.6 |
| Cost of merchandise sold |
(20 716.5) |
|
(19 501.2) |
|
(40 245.0) |
| Gross profit |
4 491.9 |
|
4 278.4 |
|
8 823.6 |
| Other trading income |
117.6 |
|
97.1 |
|
186.5 |
| Trading expenses |
(3 889.2) |
|
(3 652.2) |
|
(7 371.4) |
| Trading profit |
720.3 |
|
723.3 |
|
1 638.7 |
| Interest received |
21.9 |
|
42.9 |
|
68.7 |
| Interest paid |
(60.1) |
|
(41.0) |
|
(86.3) |
| Profit on sale of property |
– |
|
190.9 |
|
190.9 |
| Profit before tax |
682.1 |
|
916.1 |
|
1 812.0 |
| Tax |
(253.8) |
|
(272.7) |
|
(531.9) |
| Profit for the period from continuing operations |
428.3 |
|
643.4 |
|
1 280.1 |
| Loss from discontinued operations (note 5) |
(74.0) |
|
(56.9) |
|
(91.2) |
| Profit for the period |
354.3 |
|
586.5 |
|
1 188.9 |
| Other comprehensive income |
|
|
|
|
|
| Exchange rate differences on translating foreign operations |
(58.5) |
|
27.2 |
|
73.8 |
| Retirement benefit actuarial loss |
(4.8) |
|
– |
|
(34.3) |
| Total comprehensive income for the period |
291.0 |
|
613.7 |
|
1 228.4 |
| EBITDA, excluding capital profit on sale of property |
1 074.0 |
4.9 |
1 023.9 |
|
2 271.3 |
| Gross profit margin |
17.8% |
|
18.0% |
|
18.0% |
| Trading profit margin |
2.9% |
|
3.0% |
|
3.3% |
| Earnings per share – cents |
|
|
|
|
|
| Basic |
74.58 |
|
124.00 |
|
251.25 |
| Continuing operations |
90.17 |
|
136.04 |
|
270.53 |
| Discontinued operations |
(15.59) |
|
(12.04) |
|
(19.28) |
| Diluted |
73.04 |
|
122.22 |
|
247.40 |
| Continuing operations |
88.30 |
|
134.09 |
|
266.38 |
| Discontinued operations |
(15.26) |
|
(11.87) |
|
(18.98) |
 |
|
|
|
|
|
| Headline earnings reconciliation |
|
|
|
|
|
| Profit for the period |
354.3 |
|
586.5 |
|
1 188.9 |
| Headline adjustments (net of tax): |
|
|
|
|
|
Loss on sale of equipment and vehicles –
discontinued operations |
3.4 |
|
3.4 |
|
6.9 |
| Profit on sale of property |
– |
|
(183.7) |
|
(183.7) |
| Headline earnings |
357.7 |
|
406.2 |
|
1 012.1 |
| Continuing operations |
428.3 |
(6.9) |
459.8 |
|
1 096.4 |
| Discontinued operations |
(70.6) |
|
(53.6) |
|
(84.3) |
| Headline earnings per share - cents |
|
|
|
|
|
| Headline |
75.31 |
|
85.88 |
|
213.90 |
| Continuing operations |
90.17 |
(7.2) |
97.20 |
|
231.71 |
| Discontinued operations |
(14.86) |
|
(11.32) |
|
(17.81) |
| Diluted |
73.74 |
|
84.63 |
|
210.62 |
| Continuing operations |
88.30 |
(7.8) |
95.79 |
|
228.16 |
| Discontinued operations |
(14.56) |
|
(11.16) |
|
(17.54) |
|
|
|
|
|
|
| Interim dividend – No. 85 payable |
37.00 |
(6.9) |
39.75 |
|
|
