| |
|
6 months to |
|
6 months to |
|
Year to |
| |
|
29 February 2008 |
|
28 February 2007 |
% |
31 August 2007 |
| R’000 |
Note |
(unaudited) |
|
(unaudited) |
change |
(audited) |
| Continuing operations |
|
|
|
|
|
|
| Revenue |
|
5 878 718 |
|
5 214 863 |
12.7 |
10 529 632 |
| Turnover |
|
5 640 981 |
|
4 989 120 |
13.1 |
10 051 373 |
| Cost of merchandise sold |
|
(4 518 413) |
|
(4 038 332) |
11.9 |
(8 153 049) |
| Gross profit |
|
1 122 568 |
|
950 788 |
18.1 |
1 898 324 |
| Other income |
|
226 634 |
|
220 657 |
2.7 |
462 393 |
| Expenses |
|
(1 049 267) |
|
(911 029) |
15.2 |
(1 866 889) |
| |
Depreciation and amortisation |
|
(46 410) |
|
(38 620) |
20.2 |
(81 587) |
| |
Occupancy costs |
|
(152 091) |
|
(138 978) |
9.4 |
(284 605) |
| |
Employment costs |
|
(490 060) |
|
(421 789) |
16.2 |
(891 262) |
| |
Other costs |
|
(360 706) |
|
(311 642) |
15.7 |
(609 435) |
| Profit/(loss) on disposal of property, plant and equipment |
|
18 806 |
|
(812) |
|
29 402 |
| Profit on disposal of business |
|
1 244 |
|
– |
|
– |
| Goodwill impairment |
|
– |
|
– |
|
(250) |
| Operating profit before financing costs |
|
319 985 |
|
259 604 |
23.3 |
522 980 |
| Net financing costs |
|
(16 406) |
|
(22 216) |
(26.2) |
(38 827) |
| |
Financial income |
|
11 103 |
|
5 086 |
|
15 866 |
| |
Financial expense |
|
(27 509) |
|
(27 302) |
|
(54 693) |
| |
|
|
|
|
|
|
|
| Profit before taxation |
|
303 579 |
|
237 388 |
27.9 |
484 153 |
| Income tax expense |
|
(82 300) |
|
(64 825) |
27.0 |
(129 965) |
| Profit for the period from continuing operations |
|
221 279 |
|
172 563 |
28.2 |
354 188 |
| Discontinued operations |
|
|
|
|
|
|
| Profit for the period from discontinued operations |
1 |
33 681 |
|
13 601 |
|
26 320 |
| Total profit for the period |
|
254 960 |
|
186 164 |
|
380 508 |
| Headline earnings |
|
|
|
|
|
|
| Total profit for the period |
|
254 960 |
|
186 164 |
37.0 |
380 508 |
| Adjustments for |
|
|
|
|
|
|
| |
Profit/(loss) on disposal of property, plant and equipment |
|
(16 237) |
|
1 383 |
|
(23 836) |
| |
Profit on disposal of business |
|
(28 742) |
|
– |
|
– |
| |
Goodwill impairment |
|
– |
|
– |
|
250 |
| Headline earnings |
|
209 981 |
|
187 547 |
12.0 |
356 922 |
| Headline earnings per share (cents) |
|
68.6 |
|
54.7 |
25.4 |
106.1 |
| Diluted headline earnings per share (cents) |
|
67.8 |
|
53.9 |
25.8 |
103.0 |
| Earnings per share (cents) |
|
83.3 |
|
54.3 |
53.4 |
113.2 |
| Diluted earnings per share (cents) |
|
82.4 |
|
53.5 |
54.0 |
109.9 |
| Distributions per share (cents) |
|
|
|
|
|
|
| |
Proposed/paid – June |
|
18.8 |
|
15.0 |
25.3 |
15.0 |
| |
Paid – December |
|
|
|
|
|
33.2 |
