| |
 |
| |
|
Year ended
31 August
2003
R’000 |
Year ended
31 August
2002
R’000 |
|
% change |
 |
| Turnover |
|
7 367 739 |
5 487 791 |
|
34.3 |
| Cost of merchandise |
|
5 576 857 |
3 932 390 |
|
|
|
| Gross profit |
|
1 790 882 |
1 555 401 |
|
15.1 |
| Other revenue |
|
528 261 |
424 861 |
|
|
| Expenditure |
|
1 937 140 |
1 661 702 |
|
16.6 |
|
| Operating profit |
|
382 003 |
318 560 |
|
19.9 |
| Net interest paid |
|
(84 117) |
(67 220) |
|
25.1 |
|
|
|
| Interest paid - excluding PM&A |
|
(84 117) |
(67 220) |
|
|
| Interest accrued - PM&A |
|
59 265 |
45 525 |
|
|
| Provision - PM&A interest |
|
(59 265) |
(45 525) |
|
|
|
|
|
|
|
|
|
| Net profit after interest |
|
297 886 |
251 340 |
|
18.5 |
| Provision for impairment of loan |
|
- |
(32 475) |
|
|
|
| Net profit before exceptional items |
|
297 886 |
218 865 |
|
36.1 |
| Exceptional items |
|
|
|
|
|
| Profit on the sale of stores |
|
26 454 |
- |
|
|
| Goodwill amortised |
|
(23 719) |
(11 346) |
|
|
| Loss on disposal of fixed assets |
|
(2 610) |
- |
|
|
|
| Net profit before taxation |
|
298 011 |
207 519 |
|
|
| Taxation |
|
83 743 |
61 319 |
|
36.6 |
|
| Profit attributable to ordinary shareholders |
|
214 268 |
146 200 |
|
46.6 |
| Adjustments for |
|
|
|
|
|
| Profit on the sale of stores |
|
(18 518) |
- |
|
|
| Goodwill amortised |
|
23 719 |
11 346 |
|
|
| Loss on disposal of fixed assets |
|
1 827 |
- |
|
|
|
| Headline earnings |
|
221 296 |
157 546 |
|
40.5 |
|
| Headline earnings per share (cents) |
|
|
|
|
|
| Undiluted |
|
65.6 |
52.2 |
|
25.7 |
| Diluted |
|
64.5 |
49.7 |
|
29.8 |
| Earnings per share (cents) |
|
|
|
|
|
| Undiluted |
|
63.5 |
48.4 |
|
31.2 |
| Diluted |
|
62.5 |
46.1 |
|
35.6 |
| Distribution per share (cents) |
|
|
|
|
|
| Paid - December |
|
14.1 |
11.2 |
|
25.9 |
| Paid - July |
|
10.9 |
9.9 |
|
10.1 |
| Proposed - December |
|
15.1 |
|
|
|
