| |
Year to |
|
Year to |
|
| |
31 August |
|
31 August |
|
| |
2006 |
|
2005 |
|
| R’000 |
(unaudited) |
|
(restated audited) |
|
| Increase in share capital and premium |
74 394 |
|
57 061 |
|
| Increase in treasury shares held |
(46 784) |
|
(126 697) |
|
| Increase/(decrease) in non-distributable reserve |
110 |
|
(534) |
|
| Tax rate adjustment |
– |
|
(930) |
|
| Profit for the year restated |
245 990 |
|
179 163 |
|
| Profit for the year reported |
238 020 |
|
204 633 |
|
| Adjustments |
7 970 |
|
(25 470) |
|
| Share option reserve |
5 623 |
|
5 379 |
|
| Distributions to shareholders |
(102 323) |
|
(112 465) |
|
| Net increase in shareholders’ interest |
177 010 |
|
977 |
|
| Opening shareholders’ interest restated |
1 416 939 |
|
1 415 962 |
|
| Opening shareholders’ interest reported |
1 340 223 |
|
1 319 155 |
|
| Adjustments |
76 716 |
|
96 807 |
|
| |
|
|
|
|
| Closing shareholders’ interest |
1 593 949 |
|
1 416 939 |
|
| Percentage increase in closing shareholders’ interest |
12.5 |
|
|
|
| Adjustments |
|
|
|
|
Cumulative |
|
| Impact on profit for the period |
Year to |
|
Year to |
|
prior to |
|
| |
31 August |
|
31 August |
|
31 August |
|
|
|
|
|
|
|
|
| R’000 |
2006 |
|
2005 |
|
2004 |
|
| Re-recognition of trademarks previously written off |
– |
|
3 720 |
|
260 400 |
|
| Change in estimate relating to useful lives of assets |
4 434 |
|
– |
|
– |
|
| Inventory adjustments |
6 868 |
|
(15 668) |
|
(113 407) |
|
| Irrecoverable debtors’ balances written off |
– |
|
– |
|
(25 080) |
|
| Leave pay and bonus accruals |
(6 865) |
|
(295) |
|
(13 006) |
|
| Onerous leases |
3 240 |
|
(3 007) |
|
(10 697) |
|
| Other |
5 916 |
|
(4 841) |
|
(1 403) |
|
| Total adjustment to equity |
13 593 |
|
(20 091) |
|
96 807 |
|
| Share options expense |
(5 623) |
|
(5 379) |
|
(9 035) |
|
| Total adjustment to profit for the year |
7 970 |
|
(25 470) |
|
87 772 |
|
The effects disclosed are net of deferred tax at the rates prevailing during the relevant year. The 2005 impact includes the impact of the change in tax rate on the cumulative 31 August 2004 adjustment.
