| |
|
% Change |
2003 |
2002 |
| Income Statement |
|
|
|
|
| Turnover |
R’000 |
34.3% |
7 367 739 |
5 487 791 |
| Gross profit |
R’000 |
15.1% |
1 790 882 |
1 555 401 |
| Operating profit |
R’000 |
19.9% |
382 003 |
318 560 |
| Profit before taxation and exceptional items |
R’000 |
36.1% |
297 886 |
218 865 |
| Headline earnings |
R’000 |
40.5% |
221 296 |
157 546 |
| Balance Sheet |
|
|
|
|
| Ordinary shareholders’ interest |
R’000 |
31.7% |
1 608 510 |
1 221 757 |
| Total assets |
R’000 |
39.9% |
3 453 830 |
2 468 580 |
| Cash Flow |
|
|
|
|
| Net cash inflow from operating activities |
R’000 |
|
337 208 |
213 665 |
| Net interest paid |
R’000 |
|
84 117 |
67 220 |
| Capital expenditure |
R’000 |
|
203 005 |
158 005 |
| Performance |
|
|
|
|
| Turnover growth |
% |
|
34.3 |
25.7 |
| Comparable stores turnover growth |
|
|
|
|
| – Southern Africa |
% |
|
8.0 |
9.2 |
| – Australia (A$) |
% |
|
4.5 |
6.5 |
| Gross profit margin |
% |
|
24.3 |
28.3 |
| Operating profit margin |
% |
|
5.2 |
5.8 |
| Inventory turn |
times |
|
5.3 |
5.2 |
| Return on total assets |
% |
|
7.5 |
7.1 |
| Return on shareholders’ interest |
% |
|
15.6 |
14.1 |
| Interest cover |
times |
|
4.5 |
4.7 |
| Net interest-bearing debt to shareholders’
funds at year end |
% |
|
27.7 |
27.8 |
Exchange rate
(Rand/Australian Dollar) |
|
|
|
|
| Average rate |
R/A$ |
|
5.11686 |
5.54883 |
| Closing rate |
R/A$ |
|
4.72438 |
5.82403 |
| Statistics |
|
|
|
|
| Number of permanent employees |
|
|
7 973 |
6 364 |
| Number of stores |
|
|
|
|
| – company owned |
|
|
729 |
699 |
| – franchised |
|
|
519 |
516 |
| Trading area – company owned |
m2 |
|
273 636 |
261 539 |
| Share statistics |
|
|
|
|
| Number of shares in issue |
’000 |
|
354 118 |
305 172 |
| Weighted average number of shares |
’000 |
|
337 587 |
301 772 |
| Headline earnings per share |
|
|
|
|
| – undiluted |
cents |
|
65.6 |
52.2 |
| – diluted |
cents |
|
64.5 |
49.7 |
| Distribution per share |
cents |
|
26.0 |
24.0 |
| Distribution cover |
times |
|
2.5 |
2.1 |
| Net asset value per share |
cents |
|
454 |
400 |
| Net tangible asset value per share |
cents |
|
388 |
341 |
| Market capitalisation |
R’000 |
|
2 354 885 |
1 983 618 |
| Price earnings ratio |
times |
|
10.0 |
12.5 |
| Free float |
% |
|
92.7 |
95.4 |
