Pick n Pay Stores Limited 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

35 205.5

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

(6 023.5)

17.3

7.3

(5 615.3)

17.5

(11 309.3)

16.9

Employee costs

(3 014.2)

8.6

6.9

(2 818.6)

8.8

(5 653.8)

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

(577.4)

1.7

(6.6)

(618.5)

1.9

(1 169.1)

1.7

Trading profit

462.8

1.3

19.7

386.6

1.2

1 240.1

1.9

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

(1.5)

3.0

10.4

Finance income

29.7

14.2

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

451.0

1.3

23.0

366.8

1.1

1 205.2

1.8

Tax

(128.5)

22.5

(104.9)

(343.5)

Profit for the period

322.5

0.9

23.1

261.9

0.8

861.7

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

330.3

0.9

28.5

257.1

0.8

883.3

1.3

Cents

Cents

Cents

Basic earnings per share

66.40

22.1

54.39

178.79

Diluted earnings per share

65.13

21.7

53.52

176.24

Headline earnings per share

66.62

23.4

53.98

177.26

Diluted headline earnings per share

65.35

23.0

53.12

174.72