| 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 are consistent with those applied in the preparation of the Group’s annual financial statements for the year ended 28 February 2010. |
| 2. |
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 2010. For further information, please refer to note 28 of the 2010 annual report. |
| 3. |
Revenue comprises turnover, other trading income and interest received. |
| 4. |
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. |
| 5. |
Discontinued operations: |
| |
Franklins – the Group has decided to exit Australia and is selling its operation to the Metcash Group. The sale is subject to approval by the Australian Competition and Consumer Commission. Franklins has therefore been presented as a discontinued operation at 31 August 2010 and the comparative information has been restated accordingly. |
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Score – the Group has completed the closure of the store operations of its subsidiary Score Supermarkets Operating Limited, which is disclosed as a discontinued operation.
The salient financial information of the discontinued operations is as follows: |
