Statement of comprehensive income
| Unaudited | Audited | ||||||
| Six months ended | Year to | ||||||
| Aug 2011 Rm |
Growth % |
Aug 2010 Rm |
Feb 2011 Rm |
||||
| Continuing operations | |||||||
| Revenue (note 3) | 27 213.1 | 25 347.9 | 52 216.7 | ||||
| Turnover | 27 082.8 | 7.4 | 25 208.4 | 51 945.8 | |||
| Cost of merchandise sold | (22 282.4) | (20 716.5) | (42 859.6) | ||||
| Gross profit | 4 800.4 | 4 491.9 | 9 086.2 | ||||
| Other trading income | 116.8 | 117.6 | 231.4 | ||||
| Trading expenses | (4 421.1) | (3 889.2) | (7 899.9) | ||||
| Loss on sale of property, equipment and vehicles | (3.9) | — | — | ||||
| Trading profit | 492.2 | 720.3 | 1 417.7 | ||||
| Interest received | 13.5 | 21.9 | 39.5 | ||||
| Interest paid | (71.8) | (60.1) | (111.0) | ||||
| Gain on recognition of investment in associate | — | — | 7.5 | ||||
| Share of associate's (loss)/income | (2.0) | — | 2.4 | ||||
| Profit before tax | 431.9 | 682.1 | 1 356.1 | ||||
| Tax | (174.5) | (253.8) | (447.8) | ||||
| Profit for the period from continuing operations | 257.4 | 428.3 | 908.3 | ||||
| Loss from discontinued operation (note 5) | (65.8) | (74.0) | (123.4) | ||||
| Profit for the period | 191.6 | 354.3 | 784.9 | ||||
| Other comprehensive income | |||||||
| Exchange rate differences on translating foreign operations | 48.1 | (58.5) | 50.1 | ||||
| Net loss on hedge of net investment in foreign operation | (49.9) | — | (52.2) | ||||
| Retirement benefit actuarial profit/(loss) | 4.5 | (4.8) | (12.5) | ||||
| Total comprehensive income for the period | 194.3 | 291.0 | 770.3 | ||||
| EBITDA | 882.4 | (17.8) | 1 074.0 | 2 160.9 | |||
| Gross profit margin (%) | 17.7 | 17.8 | 17.5 | ||||
| Trading profit margin (%) | 1.8 | 2.9 | 2.7 | ||||
| Earnings per share – cents | |||||||
| Basic | 40.14 | 74.58 | 164.99 | ||||
| Continuing operations | 53.92 | 90.17 | 190.92 | ||||
| Discontinued operation | (13.78) | (15.59) | (25.93) | ||||
| Diluted | 39.62 | 73.04 | 162.20 | ||||
| Continuing operations | 53.23 | 88.30 | 187.68 | ||||
| Discontinued operation | (13.61) | (15.26) | (25.48) | ||||
| Headline earnings reconciliation | |||||||
| Profit for the period | 191.6 | 354.3 | 784.9 | ||||
| Headline adjustments (net of tax): | |||||||
| Loss on sale of property, equipment and vehicles | 3.9 | — | — | ||||
| Loss on sale of equipment and vehicles – discontinued operation | 0.8 | 3.4 | 7.0 | ||||
| Gain on recognition of investment in associate | — | — | (7.5) | ||||
| Headline earnings | 196.3 | 357.7 | 784.4 | ||||
| Continuing operations | 261.3 | (39.0) | 428.3 | 900.8 | |||
| Discontinued operation | (65.0) | (70.6) | (116.4) | ||||
| Headline earnings per share - cents | 41.11 | 75.31 | 164.90 | ||||
| Continuing operations | 54.73 | (39.3) | 90.17 | 189.35 | |||
| Discontinued operation | (13.62) | (14.86) | (24.45) | ||||
| Diluted headline earnings per share – cents | 40.59 | 73.74 | 162.10 | ||||
| Continuing operations | 54.03 | (38.8) | 88.30 | 186.14 | |||
| Discontinued operation | (13.44) | (14.56) | (24.04) | ||||
| Interim dividend – No. 87 payable | 22.50 | (39.2) | 37.00 | ||||