Pick n Pay Stores Limited SUMMARISED AUDITED GROUP ANNUAL FINANCIAL STATEMENTS
for the 2016 financial period

Group statement of comprehensive incomefor the period ended

 
 

 

Note  

 

52 weeks  
28 February  
2016  
Rm  

Change  
%  
Restated*
52 weeks  
1 March  
2015  
Rm  

Revenue  

3  

 

73 477.3 

8.4  

67 783.1  

Turnover  

3  

 

72 445.1 

8.2  

66 940.8  

Cost of merchandise sold  

 

 

(59 474.8) 

8.1  

(54 994.3)  

Gross profit  

 

 

12 970.3 

8.6  

11 946.5  

Other trading income  

3  

 

971.3 

24.1  

782.9  

Trading expenses  

 

 

(12 425.3) 

8.1  

(11 489.3)  

Employee costs  

 

 

(6 060.6) 

6.8  

(5 672.9)  

Occupancy  

 

 

(2 337.6) 

14.2  

(2 047.6)  

Operations  

 

 

(2 848.1) 

8.8  

(2 618.8)  

Merchandising and administration  

 

 

(1 179.0) 

2.5  

(1 150.0)  

Trading profit  

 

 

1 516.3 

22.3  

1 240.1  

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

 

 

(24.0) 

 

10.4  

Impairment loss on intangible assets  

 

 

(8.6) 

 

—  

Finance income  

3  

 

60.9 

2.5  

59.4  

Finance costs  

 

 

(117.0) 

(1.7)  

(119.0)  

Share of associate’s income  

 

 

45.9 

221.0  

14.3  

Profit before tax  

 

 

1 473.5 

22.3  

1 205.2  

Tax  

 

 

(408.1) 

18.8  

(343.5)  

Profit for the period  

 

 

1 065.4 

23.6  

861.7  

Other comprehensive income, net of tax  

 

 

 

 

 

Items that will not be reclassified to profit or loss  

 

 

14.8 

 

33.0  

Remeasurement in retirement scheme assets  

 

 

20.5 

 

45.9  

Tax on remeasurement in retirement scheme assets  

 

 

(5.7) 

 

(12.9)  

Items that may be reclassified to profit or loss  

 

 

59.4 

 

(7.2)  

Foreign currency translations  

 

 

58.1 

 

(11.4)  

Fair value gain on available-for-sale financial instruments  

 

 

1.3 

 

4.2  

Total comprehensive income for the period  

 

 

1 139.6 

 

887.5  

 

 

 

Cents 

Change %  

Cents  

Basic earnings per share  

 

 

219.11 

22.5  

178.79  

Diluted earnings per share  

 

 

215.05 

22.0  

176.24  

Headline earnings per share  

 

 

224.04 

26.4  

177.26  

Diluted headline earnings per share  

 

 

219.90 

25.9  

174.72  

* Prior year amounts restated and/or reclassified, refer to note 10.