Group Income Statement

for the year ended 31 August 2005

					Discontinued
			Continuing operations		operations	Group
			2005	2004	2004	2005	2004
		Notes	R'000	R'000	R'000	R'000	R'000
Turnover			8 714 338	7 369 472	654 651	8 714 338	8 024 123
Cost of merchandise			7 004 862	5 831 863	444 910	7 004 862	6 276 773
Gross profit			1 709 476	1 537 609	209 741	1 709 476	1 747 350
Other revenue			542 778	462 383	77 935	542 778	540 318
Other expenditure			1 910 781	1 892 342	248 744	1 910 781	2 141 086
	Depreciation and amortisation	1,2	104 734	100 425	8 596	104 734	109 021
	Occupancy costs	18	291 409	245 235	62 854	291 409	308 089
	Employment costs	19	846 782	719 870	110 641	846 782	830 511
	Other operating costs	20	650 772	542 229	63 316	650 772	605 545
	Impairment of property, plant and equipment	1	–	13 496	–	–	13 496
	Profit on sale of Australian operations	35.4	–	–	(1 738)	–	(1 738)
	Profit on sale of Intercare	35.4	–	–	(587)	–	(587)
	Loss on disposal of property, plant and equipment		270	1 920	361	270	2 281
	Goodwill amortisation	3	–	10 971	5 301	–	16 272
	Goodwill impairment	3	16 814	258 196	–	16 814	258 196

Profit before interest and taxation			341 473	107 650	38 932	341 473	146 582
Net interest paid			(49 086)	(54 470)	(5 308)	(49 086)	(59 778)
	Interest received – normal operations		7 878	16 911	1 397	7 878	18 308
	Interest paid – normal operations		(56 964)	(71 381)	(6 705)	(56 964)	(78 086)
	Interest received – PM&A		–	24 986	–	–	24 986
	Provision against interest received – PM&A		–	(24 986)	–	–	(24 986)

Net profit before taxation			292 387	53 180	33 624	292 387	86 804
Taxation		21	87 754	91 044	14 287	87 754	105 331
Profit/(loss) attributable to shareholders			204 633	(37 864)	19 337	204 633	(18 527)
Adjustment for:
	Impairment of property, plant and equipment		–	9 447	–	–	9 447
	Profit on sale of Australian operations		–	–	(1 738)	–	(1 738)
	Profit on sale of Intercare		–	–	(587)	–	(587)
	Loss on disposal of property, plant and equipment (net of taxation)		191	1 344	253	191	1 597
	Goodwill amortisation		–	10 971	5 301	–	16 272
	Goodwill impairment		16 814	258 196	–	16 814	258 196
Headline earnings			221 638	242 094	22 566	221 638	264 660
Headline earnings per share (cents)
	– undiluted	22	65.2	68.5	6.4	65.2	74.9
	– diluted	22	63.2	66.7	6.2	63.2	72.9
Basic earnings/(loss) per share (cents)
	– undiluted	22	60.2	(10.6)	5.4	60.2	(5.2)
	– diluted	22	58.4	(10.4)	5.3	58.4	(5.1)
Dividend per share (cents)
	Paid – December	23				22.5	15.1
	Paid – June/July	23				11.2	12.5
	Payable – December	23				18.5

Financials

Group Income Statement

for the year ended 31 August 2005