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

Consolidated statement of financial position

 

Unaudited
As at
30 August
2015
Rm

Unaudited
As at
31 August
2014
Rm

Audited
As at
1 March
2015
Rm

ASSETS

Non-current assets

Property, plant and equipment

 

4 336.8

3 947.8

4 187.0

Intangible assets

 

991.1

1 016.3

1 010.2

Operating lease assets

 

159.6

145.8

149.8

Investment in associate

 

195.9

177.0

180.2

Participation in export partnerships

 

16.0

26.9

23.4

Loans

 

95.8

108.7

100.6

Retirement scheme assets

 

71.9

94.3

70.1

Deferred tax assets

 

191.4

206.9

198.8

 

6 058.5

5 723.7

5 920.1

Current assets

Inventory

 

5 218.0

4 153.6

4 654.5

Trade and other receivables

 

3 146.7

2 709.4

2 956.7

Cash and cash equivalents

 

1 439.9

1 285.4

1 173.8

Derivative financial instruments

 

9.6

1.4

 

9 814.2

8 148.4

8 786.4

Total assets

 

15 872.7

13 872.1

14 706.5

EQUITY AND LIABILITIES

Equity

Share capital

 

6.0

6.0

6.0

Treasury shares

 

(171.2)

(162.7)

(169.1)

Retained earnings

 

3 209.4

2 709.7

3 311.4

Foreign currency translation reserve

 

(15.3)

(13.3)

(18.2)

Total equity

 

3 028.9

2 539.7

3 130.1

Non-current liabilities

Borrowings

 

92.2

741.1

492.8

Operating lease liabilities

 

1 201.1

1 108.6

1 138.5

 

1 293.3

1 849.7

1 631.3

Current liabilities

Trade and other payables

 

11 023.9

9 069.0

9 025.8

Bank overdraft and overnight borrowings

 

320.0

500.0

Borrowings

 

443.9

40.2

291.5

Current tax liabilities

 

82.1

45.9

126.8

Provisions

 

0.6

4.5

1.0

Derivative financial instruments

 

3.1

 

11 550.5

9 482.7

9 945.1

Total equity and liabilities

 

15 872.7

13 872.1

14 706.5

Net asset value – cents per share (property valued based on directors’ valuation)

 

728.30

613.60

746.60