Notes

1. Accounting policies
  These interim financial results have been prepared in accordance with the recognition and measurement requirements of IFRS and the disclosure requirements of IAS 34. The accounting policies are consistent with those used in the annual financial statements for the financial period ended 31 August 2009 with the following exception:
During the period the group adopted the following new and amended IFRS statements to the extent that they are applicable to its activities:
  – IAS 1: Presentation of Financial Statements
  – IAS 32: Financial Instruments
  – IAS 39: Eligible Hedged Items
  – IAS 39: Embedded Derivatives
  –  IFRS 8: Operating Segments
  – Annual improvements to IFRS statements (2008 and 2009)
   
2.  Segmental reporting
  The group has adopted IFRS 8: Operating Segments with effect from 1 September 2009. IFRS 8 requires operating segments to be identified on the basis of internal reports about components of the group that are regularly reviewed by the board of directors (identified as the chief operating decision-maker of the group in terms of IFRS 8 requirements) in order to allocate resources to the segments and to assess their performance.
   
  The group’s reportable segments under IFRS 8 are therefore as follows:
   
  Clicks (including Clicks Direct Medicines), Musica, The Body Shop and United Pharmaceutical Distributors (UPD).
   
  28 February 28 February 31 August
  2010 2009 2009
Turnover      
Segmental turnover 7 356 218 6 560 651 13 514 782
Inter-segmental turnover (790 464) (566 116) (1 339 470)
Group turnover 6 565 754 5 994 535 12 175 312
Profit before tax      
Reportable segmental profit before tax 398 586 356 965 710 410
Loss on disposal of property, plant and equipment (1 175) (938) (7 177)
External interest received 6 150 7 877 14 408
External interest paid (25 529) (42 888) (69 181)
Inter-segmental profit (1 800) (2 382) (1 240)
Group profit before tax 376 232 318 634 647 220
Assets      
Reportable segmental assets 3 636 836 3 456 033 3 532 235
Other – Group Services 1 081 781 690 392 1 377 458
Inter-segmental assets (692 526) (131 679) (728 487)
  4 026 091 4 014 746 4 181 206
Liabilities      
Reportable segmental liabilities 3 181 625 2 634 273 2 887 939
Other – Group Services 430 173 377 587 914 248
Inter-segmental liabilities (683 884) (123 696) (746 244)
  2 927 914 2 888 164 3 055 943