| |
Six months |
Six months |
|
Year to |
| |
28 February |
28 February |
|
31 August |
| |
2010 |
2009 |
% |
2009 |
| R’000 |
(unaudited) |
(unaudited) |
change |
(audited) |
| Revenue |
6 861 712 |
6 278 681 |
9.3 |
12 754 202 |
| Turnover |
6 565 754 |
5 994 535 |
9.5 |
12 175 312 |
| Cost of merchandise sold |
(5 109 066) |
(4 757 073) |
7.4 |
(9 657 930) |
| Gross profit |
1 456 688 |
1 237 462 |
17.7 |
2 517 382 |
| Other income |
289 808 |
276 269 |
4.9 |
564 482 |
| Expenses |
(1 349 710) |
(1 159 148) |
16.4 |
(2 372 694) |
| |
Depreciation and amortisation |
(60 508) |
(55 314) |
9.4 |
(113 665) |
| |
Occupancy costs |
(200 808) |
(171 847) |
16.9 |
(352 055) |
| |
Employment costs |
(694 079) |
(551 360) |
25.9 |
(1 156 928) |
| |
Other costs |
(394 315) |
(380 627) |
3.6 |
(750 046) |
| |
|
|
|
|
| Operating profit |
396 786 |
354 583 |
11.9 |
709 170 |
| Loss on disposal of property, plant and equipment |
(1 175) |
(938) |
|
(7 177) |
| Profit before financing costs |
395 611 |
353 645 |
11.9 |
701 993 |
| Net financing costs |
(19 379) |
(35 011) |
(44.6) |
(54 773) |
| |
Financial income |
6 150 |
7 877 |
|
14 408 |
| |
Financial expense |
(25 529) |
(42 888) |
|
(69 181) |
| |
|
|
|
|
| Profit before taxation |
376 232 |
318 634 |
18.1 |
647 220 |
| Income tax expense |
(103 473) |
(87 610) |
18.1 |
(174 619) |
| Profit for the period |
272 759 |
231 024 |
18.1 |
472 601 |
| Other comprehensive (loss)/income: |
|
|
|
|
| Exchange differences on translation of foreign subsidiaries |
(467) |
357 |
|
(285) |
| Other comprehensive (loss)/income for the period, net of tax |
(467) |
357 |
|
(285) |
| Total comprehensive income for the period |
272 292 |
231 381 |
|
472 316 |
| Profit attributable to: |
|
|
|
|
| |
Equity holders of the parent |
274 109 |
230 971 |
|
472 387 |
| |
Non-controlling interest |
(1 350) |
53 |
|
214 |
| |
272 759 |
231 024 |
|
472 601 |
| Total comprehensive income attributable to: |
|
|
|
|
| |
Equity holders of the parent |
273 642 |
231 328 |
|
472 102 |
| |
Non-controlling interest |
(1 350) |
53 |
|
214 |
| |
272 292 |
231 381 |
|
472 316 |
| Earnings per share (cents) |
100.2 |
80.5 |
24.5 |
165.6 |
| Diluted earnings per share (cents) |
99.7 |
80.0 |
24.6 |
163.8 |
| Distributions per share (cents) |
|
|
|
|
| |
Interim proposed/paid |
30.5 |
24.5 |
24.5 |
24.5 |
| |
Final paid |
– |
– |
|
59.5 |
| |
30.5 |
24.5 |
24.5 |
84.0 |
| |
|
|
|
|
Headline Earnings Reconciliation |
| |
Six months |
Six months |
|
Year to |
| |
28 February |
28 February |
|
31 August |
| |
2010 |
2009 |
% |
2009 |
| R’000 |
(unaudited) |
(unaudited) |
change |
(audited) |
| Total profit for the period attributable to equity holders of the parent |
274 109 |
230 971 |
|
472 387 |
| Adjustments for |
|
|
|
|
| |
Loss on disposal of property, plant and equipment |
846 |
675 |
|
6 100 |
| Headline earnings |
274 955 |
231 646 |
18.7 |
478 487 |
| Headline earnings per share (cents) |
100.5 |
80.7 |
24.5 |
167.7 |
| Diluted headline earnings per share (cents) |
100.0 |
80.3 |
24.5 |
165.9 |
