Unaudited interim condensed consolidated results for the 26 week period ended 31 August 2014

Consolidated statement of comprehensive income





  Unaudited 
26 weeks to 
31 August 
2014 
Rm 
Change 
Unaudited 
26 weeks to 
1 September 
2013 
Rm 
Audited 
52 weeks to 
2 March 
2014 
Rm 
Revenue    32 452.6  7.2  30 278.0  63 661.9 
Turnover    32 110.6  6.8  30 067.6  63 117.0 
Cost of merchandise sold    (26 424.7) 7.0  (24 693.8) (52 077.1)
Gross profit    5 685.9  5.8  5 373.8  11 039.9 
Other trading income    316.0  15.4  273.9  500.6 
Trading expenses    (5 616.2) 5.4  (5 330.7) (10 532.4)
Employee costs    (2 818.6) 5.3  (2 677.9) (5 326.5)
Occupancy    (897.0) 12.9  (794.3) (1 613.9)
Operations    (1 281.2) (0.1) (1 282.0) (2 580.5)
Merchandising and administration    (619.4) 7.4  (576.5) (1 011.5)
Trading profit    385.7  21.7  317.0  1 008.1 
Profit/(loss) on sale of property, plant and equipment    3.0    (5.2) (5.5)
Impairment loss on intangible assets    –    –  (104.1)
Interest received    26.0  35.4  19.2  44.3 
Interest paid    (59.9) (19.2) (74.1) (143.9)
Share of associate's income    11.1  (22.9) 14.4  32.0 
Profit before tax    365.9  34.9  271.3  830.9 
Tax    (104.9) 30.8  (80.2) (249.4)
Profit for the period    261.0  36.6  191.1  581.5 
Other comprehensive income           
Items that will not be reclassified to profit or loss           
Remeasurement in retirement scheme assets    1.7    4.7  57.1 
Items that may be reclassified to profit or loss           
Exchange rate differences on translating foreign operations    (6.5)   (3.7) 6.4 
Other comprehensive income, net of tax    (4.8)   1.0  63.5 
Total comprehensive income for the period    256.2  33.4  192.1  645.0 
Profit for the period attributable to:    261.0  36.6  191.1  581.5 
Equity holders of the Company    137.9  34.1  102.8  312.9 
Non-controlling interest    123.1  39.4  88.3  268.6 
Total comprehensive income for the period attributable to:    256.2  33.4  192.1  645.0 
Equity holders of the Company    135.4  31.1  103.3  347.2 
Non-controlling interest    120.8  36.0  88.8  297.8 
    cents  Change 
cents  cents 
Basic earnings per share    26.72  34.5  19.86  60.61 
Diluted basic earnings per share    25.79  32.3  19.50  59.10 
Headline earnings per share    26.51  31.0  20.24  68.83 
Diluted headline earnings per share    25.59  28.7  19.88  67.13