financial summary

			Group
			2006	2005
Income Statement
Turnover		R’000	10 000 621	8 714 338
Gross profit		R’000	1 953 576	1 778 578
Headline earnings		R’000	251 612	200 530
Balance Sheet
Ordinary shareholders’ interest		R’000	1 593 949	1 416 939
Interest-bearing loans and borrowings		R’000	213 706	260 707
Total assets		R’000	3 684 407	3 331 679
Cash Flow
Cash inflow from operating activities before distributions		R’000	219 960	99 321
Net interest paid		R’000	60 003	49 086
Capital expenditure		R’000	162 315	170 106
Depreciation and amortisation		R’000	108 602	104 734
Performance
Turnover growth		%	14.8	8.6
Comparable stores turnover growth		%	9.9	8.9
Gross profit growth		%	9.8	*
Gross profit margin		%	19.5	20.4
Inventory turn		times	6.9	6.1
Return on total assets		%	7.2	6.0
Return on shareholders’ interest		%	16.7	14.2
Interest-bearing debt to shareholders’ interest at year-end		%	16.4	19.4
Interest-bearing debt, including cash, to shareholders’ interest at year-end		%	13.8	15.1
Statistics
Number of permanent employees			9 058	8 947
Number of stores	– company owned		664	663
	– franchised		15	15
Weighted retail trading area	– company owned	m²	237 575	249 417
Share statistics
Headline earnings per share	– undiluted	cents	73.1	59.0
	– diluted	cents	71.0	57.4
Distribution per share	– interim	cents	11.2	11.2
	– final	cents	22.0	18.5
Distribution cover		times	2.2	2.0
Net asset value per share		cents	459	416
Net tangible asset value per share		cents	320	275
Share price	– closing	cents	1 035	810
	– high	cents	1 121	990
	– low	cents	780	690
Number of shares in issue (gross)		’000	355 488	370 260
Number of shares in issue (net of treasury shares)		’000	347 613	340 519
Weighted average number of shares in issue (net of treasury shares)		’000	344 337	339 914
Weighted average diluted number of shares in issue (net of treasury shares)		’000	354 365	349 358
Market capitalisation (gross) at 31 August		R’000	3 679 301	2 999 106
Market capitalisation (net of treasury shares) at 31 August		R’000	3 597 795	2 758 204
Price earnings ratio at 31 August		times	14.2	13.7
Volume of shares traded for the year		’000	226 921	131 882
Percentage of shares traded during the year		%	65.9	38.8
Free float (including treasury shares)		%	97.1	98.3
* Not available as 2004 income statement has not been restated in accordance with IFRS