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consolidated income statement

for the year ended 31 August 2006
      2006   2005  
  Notes   R’000   R’000  
Revenue 1   10 461 712   9 108 141  
Turnover 1   10 000 621   8 714 338  
Cost of merchandise sold     8 047 045   6 935 760  
Gross profit     1 953 576   1 778 578  
Other income 1   449 721   385 925  
Expenses     2 015 950   1 859 156  
   Depreciation and amortisation 2   103 382   99 321  
   Occupancy costs 3   316 924   295 426  
   Employment costs 4   942 364   814 824  
   Other operating costs 5   647 658   626 358  
   Impairment of property, plant and equipment 8   3 159   6 143  
   Loss on disposal of property, plant and equipment     1 209   270  
   Goodwill impairment 11   1 254   16 814  
              
Operating profit before financing costs     387 347   305 347  
Net financing costs     (57 219)   (49 086)  
   Financial income 1   11 370   7 878  
   Financial expenses     (68 589)   (56 964)  
              
Profit before tax     330 128   256 261  
Income tax expense 6   84 138   77 098  
Profit for the year     245 990   179 163  
Basic earnings per share (cents)            
   – undiluted 7   71.4   52.7  
   – diluted 7   69.4   51.3