| CAGR |
Compound Annual Growth Rate, the year over year growth
rate of a line item over a specified period of time.
|
| Cash flow |
|
| Financing activities |
Activities which result in changes to the capital
structure of the group.
|
| Investing activities |
Activities relating to the acquisition, holding and
disposal of property, plant and equipment, and long-term investments.
|
| Operating activities |
Activities that are not financing or investing activities
that arise from the operations conducted by the group.
|
| Comparable store sales growth |
Sales growth expressed as a percentage of growth
for stores that have been operating for the full period during the
current and previous financial years.
|
| Current ratio |
Current assets at year end divided by current liabilities
at year end.
|
| Distribution cover |
Headline earnings for the year divided by the distributions
for the year.
|
| Distribution per share |
Distribution per share is the actual interim cash
dividend paid and the final cash dividend declared expressed as cents
per share.
|
| Earnings per share |
|
| Attributable earnings per share |
Net profit divided by the weighted average number
of ordinary shares in issue for the year.
|
| Headline earnings per share |
Headline earnings divided by the weighted average
number of shares in issue for the year.
|
| Diluted headline earnings per share |
Headline earnings divided by the diluted weighted
average number of shares in issue for the year.
|
| Employee benefits |
Employee benefits include all forms of consideration
given by the group in exchange for services rendered by employees.
|
| Exceptional items |
Comprise the following:
– Amortisation of goodwill arising on acquisition of subsidiaries,
joint ventures
and associates;
– Surpluses and losses on disposal of long term investments,
subsidiaries,
joint ventures and associates;
– Surpluses and losses on disposal of stores;
– Surpluses and losses on disposal of property, plant and equipment;
– Litigation settlement; and
– Other items of a capital nature.
|
| Gross profit margin |
Gross profit expressed as a percentage of turnover.
|
| Headline earnings |
Net profit for the year adjusted for the after tax
effect of goodwill and other
exceptional items.
|
| Headline earnings per employee |
Headline earnings divided by the number of permanent
employees in service
at the year end.
|
| Interest cover |
Operating profit for the year divided by the net
interest paid.
|
| Inventory turn |
Turnover for the year divided by the closing inventory
at year end.
|
| JIBAR |
Johannesburg Inter-Bank Agreement Rate, which is
the rate that South African banks charge each other for wholesale
money.
|
| Market capitalisation |
The market price per share at year end multiplied
by the number of shares in issue at year end.
|
| Net asset value per share |
Net assets at year end divided by the number of shares
in issue at year end.
|
| Net tangible asset value per share |
Net assets at year end, less intangible assets such
as goodwill and
trademarks, divided by the number of shares in issue at year end.
|
| Operating profit margin |
Operating profit expressed as a percentage of turnover
|
| Percentage of shares traded |
The number of shares traded as a percentage of the
weighted number of
shares in issue.
|
| Price earnings ratio |
The market price per share at year end divided by
headline earnings per
share.
|
| Return on shareholders' interest |
Headline earnings expressed as a percentage of
the average ordinary
shareholders' interest for the year.
|
| Return on total assets |
Headline earnings expressed as a percentage of the
average total assets for
the year.
|
| Segmental reporting |
|
| Operational Segment |
A distinguishable trading brand or component of the
group.
|
| Geographical Segment |
A distinguishable component of the group that is
engaged in trading within a
particular geography.
|
| Shareholders' interest |
Ordinary share capital, share premium and reserves.
|
| Taxation |
|
| Deferred taxation assets |
Deferred taxation assets are the amounts of income
taxes recoverable in
future periods in respect of:
– deductible temporary differences arising due to differences
between the tax
and accounting treatment of transactions; and
– the carry forward of unused tax losses.
|
| Deferred taxation liabilities |
Deferred taxation liabilities are the amounts of
income taxes payable in future
periods due to differences between the tax and accounting treatment
of a
transaction.
|
| Triple bottom line |
Triple bottom line refers to sustainability in three
dimensions: the economic,
environmental, and social aspects of a company's activities. It is
an approach
which has been brought to the forefront by the second King Report
on
Corporate Governance.
|
| Weighted average number of shares |
The number of shares in issue, increased by shares
issued during the period,
weighted on a time basis for the period during which they have participated
in
the income of the group.
|
| Weighted average diluted number of shares |
The weighted average number of shares, adjusted for
the effects of all dilutive
potential ordinary shares. |
