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ANALYSIS OF SHAREHOLDERS
- Shareholders diary
- Definitions
- Corporate Information
Definitions
Capital expenditure
Maintenance capital expenditure
Capital expenditure incurred in replacing existing capital expenditure or
capital expenditure with a return below the group's required return.
Growth capital expenditure
Capital expenditure that is
not maintenance capital
expenditure.
| Financing activities | Activities that result in changes to the capital and funding structure of the group. | |
| Investing activities | Activities relating to the acquisition, holding and disposal of capital assets and long-term investments. | |
| Operating activities | Activities that are not financing or investing activities that arise from the operations conducted by the group. |
Comparable stores' turnover
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.
Continuing operations
The operations of the group
excluding the discontinued
operations.
Current ratio
Current assets at year-end
divided by current liabilities
at year-end.
Discontinued operations
A component of the group that
either has been disposed of or
is classified as held for sale
and represents a separate major
line of business. In the prior
year this comprised the Discom
business unit, which was
disposed of during the 2008
financial year.
Distribution cover
Undiluted headline earnings per
share for the year divided by
the distribution per share for
the year.
Distribution per share
Distribution per share is the
actual interim cash dividend
and/or capital distribution paid
and the final cash dividend
and/or capital distribution
declared, expressed as cents per
share.
| Earnings per share | Profit for the year divided by the weighted average number of shares in issue for the year. | |
| Diluted earnings per share | Profit for the year divided by the weighted average diluted number of 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 | Headline earnings divided by the per share weighted average diluted number of shares in issue for the year. |
Effective tax rate
The tax charge in the income
statement as a percentage of
profit before tax.
Free float
The number of shares that are
freely tradable on the JSE
Limited, excluding treasury
shares and shares held by
directors and employee share
schemes.
Gross profit margin
Gross profit expressed as a
percentage of turnover.
Headline earnings
Profit for the year adjusted for
the after-tax effect of goodwill
impairment and certain other
capital items.
IFRS
International Financial
Reporting Standards, as adopted
by the International Accounting
Standards Board ("IASB"), and
interpretations issued by the
International Financial
Reporting Interpretations
Committee ("IFRIC") of the IASB.
Clicks Group's consolidated financial statements are prepared in accordance with IFRS.
Interest-bearing debt,
including cash, to shareholders'
interest at year-end
Interest-bearing debt (including
bank overdraft), net of cash
balances, at the end of the year
divided by shareholders'
interest at the end of the year.
Inventory days
Closing inventory at year-end
divided by the cost of
merchandise sold during the
year, multiplied by 365/366
days.
JIBAR
Johannesburg Inter-Bank
Agreement Rate, which is the
rate that South African banks
charge each other for wholesale
money.
Last practicable date
Friday, 23 October 2009 being
the last practicable date prior
to the finalisation of Annexure
1.
Market capitalisation
The closing 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 of treasury
shares).
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 (net of
treasury shares).
Operating profit
Operating profit before
financing costs, as reported in
the group consolidated income
statement, adjusted to exclude
goodwill impairment, impairment
of property, plant and
equipment, profit on disposal of
businesses and profit/loss on
disposal of property, plant and
equipment.
Operating profit margin
Operating profit expressed as a
percentage of turnover.
Shareholders' interest
Share capital and share premium
(reduced by the cost of treasury
shares), and other reserves
comprising equity.
Percentage of shares traded
The number of shares traded on
the JSE Limited during the year
as a percentage of the weighted
average number of shares in
issue.
Price earnings ratio
The closing market price per
share at year-end divided by
diluted headline earnings per
share for the year.
Return on shareholders'
interest (ROE)
Headline earnings expressed as a
percentage of the average
shareholders' interest for the
year.
Return on total assets (ROA)
Headline earnings expressed as a
percentage of the average total
assets for the year.
| Operational segment | A distinguishable type of operation within the group. | |
| Business unit segment | A distinguishable trading brand or component of the group. |
Selling price inflation
The change in the weighted
average selling price of a
sample of products for the year
relative to the previous year
expressed as a percentage of the
weighted average selling price
of the same sample of products
for the previous year. Only
products sold in both the
current and previous years are
included in the sample.
Shareholders' interest to
total assets
The shareholders' interest
divided by the total assets at
the year-end.
Total income
Gross profit plus other income.
Total income margin
Total income expressed as a
percentage of turnover.
Treasury
shares
Issued shares in Clicks
Group Limited held by a group
company in terms of an approved
share repurchase programme or by
the New Clicks Holdings Share
Trust.
Weighted average number of
shares
The number of shares in issue,
increased by shares issued
during the year and reduced by
treasury shares purchased or
shares cancelled during the
year, 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 shares.