Consolidated Income Statement

    Year to  
  Year to 31 August  
  31 August 2008  
  2009 (audited) %
R’000 (reviewed) (restated) change
Continuing operations      
Revenue 12 754 202 11 711 517 8.9
Turnover 12 175 312 11 193 577 8.8
Cost of merchandise sold (9 657 930) (8 984 267) 7.5
Gross profit 2 517 382 2 209 310 13.9
Other income 564 482 499 209 13.1
Expenses (2 372 694) (2 118 071) 12.0
  Depreciation and amortisation (113 665) (95 378) 19.2
  Occupancy costs (352 055) (306 488) 14.9
  Employment costs (1 156 928) (986 128) 17.3
  Other costs (750 046) (730 077) 2.7
         
Operating profit 709 170 590 448 20.1
(Loss)/profit on disposal of property, plant and equipment (7 177) 13 925  
Profit on disposal of business – 1 244  
Profit before financing costs 701 993 605 617 15.9
Net financing costs (54 773) (51 184) 7.0
  Financial income 14 408 18 731  
  Financial expense (69 181) (69 915)  
         
Profit before taxation 647 220 554 433 16.7
Income tax expense (174 619) (146 897) 18.9
Profit for the year from continuing operations 472 601 407 536 16.0
Discontinued operations      
Profit for the year from discontinued operations – 33 538  
Total profit for the year 472 601 441 074 7.1
Attributable to:      
  Equity holders of the parent 472 387 441 201 7.1
  Minority interest 214 (127)  
  472 601 441 074  
Earnings per share (cents) 165.6 148.0 11.9
Diluted earnings per share (cents) 163.8 145.2 12.8
Distributions per share (cents)      
  Interim paid 24.5 18.8 30.3
  Final declared/paid 59.5 42.3 40.7
  84.0 61.1 37.5
       

Headline Earnings Reconciliation
    Year to  
  Year to 31 August  
  31 August 2008  
  2009 (audited) %
R’000 (reviewed) (restated) change
Total profit for the year attributable to equity holders of the parent 472 387 441 201  
Adjustments for      
  Loss/(profit) on disposal of property, plant and equipment 6 100 (12 412)  
  Profit on disposal of business – (29 162)  
Headline earnings 478 487 399 627 19.7
Headline earnings per share (cents) 167.7 134.0 25.1
Diluted headline earnings per share (cents) 165.9 131.5 26.2