Pick n Pay Holdings Limited RF Unaudited condensed consolidated interim results for the 26 weeks ended 30 August 2015

Consolidated statement of comprehensive incomefor the period ended

Unaudited
26 weeks
to
30 August
2015
Rm

% of
turnover

Change
%

Unaudited
26 weeks
to
31 August
2014
Rm

% of
turnover

Audited
52 weeks
to
1 March
2015
Rm

% of
turnover

Revenue

35 205.6

8.5

32 452.6

67 603.1

Turnover

34 855.8

8.5

32 110.6

66 940.8

Cost of merchandise sold

(28 689.5)

8.6

(26 424.7)

(54 994.3)

Gross profit

6 166.3

17.7

8.4

5 685.9

17.7

11 946.5

17.8

Other trading income

320.0

0.9

1.3

316.0

1.0

602.9

0.9

Trading expenses

(6 024.7)

17.3

7.3

(5 616.2)

17.5

(11 310.8)

16.9

Employee costs

(3 014.3)

8.6

6.9

(2 818.6)

8.8

(5 653.9)

8.4

Occupancy

(1 032.4)

3.0

15.1

(897.0)

2.8

(1 867.6)

2.8

Operations

(1 399.5)

4.0

9.2

(1 281.2)

4.0

(2 618.8)

3.9

Merchandising and administration

(578.5)

1.7

(6.6)

(619.4)

1.9

(1 170.5)

1.7

Trading profit

461.6

1.3

19.7

385.7

1.2

1 238.6

1.9

(Loss)/profit on sale of property, plant and equipment

(1.5)

3.0

10.4

Finance income

29.8

14.6

26.0

59.4

Finance costs

(55.7)

(7.0)

(59.9)

(119.0)

Share of associate’s income

15.7

42.0

11.1

14.3

Profit before tax

449.9

1.3

23.0

365.9

1.1

1 203.7

1.8

Tax

(128.5)

22.5

(104.9)

(343.5)

Profit for the period

321.4

0.9

23.1

261.0

0.8

860.2

1.3

Other comprehensive income,
net of tax

Items that will not be reclassified to profit or loss

4.9

1.7

33.0

Remeasurement in retirement scheme assets

6.8

2.4

45.9

Tax on remeasurement in retirement scheme assets

(1.9)

(0.7)

(12.9)

Items that may be reclassified to profit or loss

Exchange rate differences on translating foreign operations

2.9

(6.5)

(11.4)

Total comprehensive income for the period

329.2

0.9

28.5

256.2

0.8

881.8

1.3

Profit for the period attributable to:

321.4

23.1

261.0

860.2

Owners of the Company

172.3

24.9

137.9

461.8

Non-controlling interest

149.1

21.1

123.1

398.4

Total comprehensive income for the period attributable to:

329.2

28.5

256.2

881.8

Owners of the Company

176.4

30.3

135.4

473.4

Non-controlling interest

152.8

26.5

120.8

408.4

Cents

Cents

Cents

Basic earnings per share

32.83

22.9

26.72

88.78

Diluted earnings per share

31.62

22.6

25.79

86.54

Headline earnings per share

32.94

24.2

26.51

88.01

Diluted headline earnings per share

31.73

24.0

25.59

85.80