Consolidated Income statement
for the year ended 31 August 2008
| |
|
|
2008 |
2007 |
| |
Notes |
|
R’000 |
R’000 |
| |
|
|
|
|
| Continuing operations |
|
|
|
|
| Revenue |
1 |
|
11 799 096 |
10 529 632 |
| Turnover |
1 |
|
11 281 156 |
10 051 373 |
| Cost of merchandise sold |
|
|
(9 070 132) |
(8 153 049) |
| Gross profit |
|
|
2 211 024 |
1 898 324 |
| Other income |
1 |
|
499 209 |
462 393 |
| Expenses |
|
|
(2 118 071) |
(1 866 889) |
| Depreciation and amortisation |
3 |
|
(95 378) |
(81 587) |
| Occupancy costs |
4 |
|
(306 488) |
(284 605) |
| Employment costs |
5 |
|
(986 128) |
(891 262) |
| Other costs |
6 |
|
(730 077) |
(609 435) |
| |
|
|
|
|
| Operating profit |
|
|
592 162 |
493 828 |
| Profit on disposal of property, plant and equipment |
|
|
13 925 |
29 402 |
| Profit on disposal of business |
|
|
1 244 |
– |
| Goodwill impairment |
12 |
|
– |
(250) |
| Profit before financing costs |
|
|
607 331 |
522 980 |
| Net financing costs |
2 |
|
(51 184) |
(38 827) |
| Financial income |
1 |
|
18 731 |
15 866 |
| Financial expense |
|
|
(69 915) |
(54 693) |
| |
|
|
|
|
| Profit before taxation |
|
|
556 147 |
484 153 |
| Income tax expense |
8 |
|
(147 377) |
(129 965) |
| Profit for the year from continuing operations |
|
|
408 770 |
354 188 |
| Discontinued operations |
|
|
|
|
| Profit for the year from discontinued operations |
7 |
|
33 538 |
26 320 |
| Total profit for the year |
|
|
442 308 |
380 508 |
| Attributable to: |
|
|
|
|
| Equity holders of the parent |
|
|
442 435 |
380 508 |
| Minority interest |
|
|
(127) |
– |
| |
|
|
442 308 |
380 508 |
| Earnings per share (cents) |
|
|
|
|
| Continuing operations |
9 |
|
137.1 |
105.4 |
| Discontinued operations |
9 |
|
11.3 |
7.8 |
| Total |
9 |
|
148.4 |
113.2 |
| Diluted earnings per share (cents) |
|
|
|
|
| Continuing operations |
9 |
|
134.6 |
102.3 |
| Discontinued operations |
9 |
|
11.0 |
7.6 |
| Total |
9 |
|
145.6 |
109.9 |
