Condensed Consolidated Income Statement

	Year to	Year to
	31 August	31 August
	2004	2003	%
	(reviewed)	(audited)	change
	R'000	R'000
Continuing operations
Revenue	7 856 534	6 149 101	27.8
Turnover	7 394 151	5 747 958	28.6
Cost of merchandise	5 856 542	4 535 799	29.1
Gross profit	1 537 609	1 212 159	26.8
Other revenue	462 383	401 143	15.3
Expenditure	1 883 808	1 287 443	46.3
Operating expenditure	1 599 225	1 279 684	24.9
Impairment of property, plant and equipment	13 496	-
Loss on disposal of property plant and equipment	1 920	141
Goodwill amortised	10 971	7 618
Goodwill impaired	258 196	-
Profit before interest and tax	116 184	325 859	(64.3)
Net interest paid	(54 470)	(57 450)	(5.2)
Interest paid - normal operations	(54 470)	(57 450)
Interest accrued - Purchase Milton & Associates (PM&A)	24 986	59 265
Provision against interest accrued - PM&A	(24 986)	(59 265)
Net profit before taxation	61 714	268 409	(77.0)
Taxation	93 604	68 411	38.3
Net (loss)/profit from continuing operations	(31 890)	199 998
Discontinued operations
Turnover	654 651	1 619 781
Profit before interest and tax	38 932	56 269
Net interest paid	(5 308)	(26 667)
Net profit before taxation	33 624	29 602
Taxation	14 287	15 332
Net profit from discontinued operations	19 337	14 270
Headline earnings
Total (loss)/profit attributable to ordinary shareholders	(12 553)	214 268
Adjustments for
Impairment of property, plant and equipment	9 447	-
Profit on the sale of stores	-	(18 518)
Profit on sale of Australian operations	(1 738)	-
Profit on sale of Intercare	(587)	-
Loss on disposal of property, plant and equipment	1 597	1 827
Goodwill amortised	16 272	23 719
Goodwill impaired	258 196	-
Headline earnings	270 634	221 296	22.3
Comprises:
Headline earnings from continuing operations	248 068	207 715	19.4
Headline earnings from discontinued operations	22 566	13 581	66.2
Undiluted headline earnings per share (cents)
All operations	76.5	65.6	16.6
Continuing operations	70.2	61.5	14.0
Diluted headline earnings per share (cents)
All operations	74.5	64.5	15.5
Continuing operations	68.3	60.6	12.7
Undiluted earnings per share (cents)
All operations	(3.6)	63.5
Continuing operations	(9.0)	59.2
Diluted earnings per share (cents)
All operations	(3.5)	62.5
Continuing operations	(8.8)	58.3
Distributions per share (cents)
Paid - July	12.5	10.9	14.7
Proposed/paid - December	22.5	15.1	49.0