| |
|
|
Restated |
|
| |
|
52 weeks |
52 weeks |
|
| |
|
to |
to |
|
| |
|
26 June |
27 June |
|
| |
|
2011 |
2010 |
% |
| |
Notes |
Rm |
Rm |
change |
|
Revenue |
|
25 841 |
23 663 |
9.2 |
| Turnover |
|
25 582 |
23 393 |
9.4 |
| Cost of sales |
3.1 |
16 683 |
15 619 |
6.8 |
| Gross profit |
|
8 899 |
7 774 |
14.5 |
| Other revenue |
|
127 |
95 |
33.7 |
| Expenses |
|
6 904 |
6 215 |
11.1 |
| Store costs |
|
4 448 |
3 988 |
11.5 |
|
Other operating costs |
3.1 |
2 456 |
2 227 |
10.3 |
| |
|
|
|
|
|
Operating profit |
|
2 122 |
1 654 |
28.3 |
| Investment income |
|
132 |
175 |
(24.6) |
|
Finance costs |
|
84 |
151 |
(44.4) |
|
Profit before earnings from joint ventures and associate |
|
2 170 |
1 678 |
29.3 |
|
Earnings from joint ventures |
|
129 |
75 |
72.0 |
|
Earnings from associate |
|
7 |
6 |
16.7 |
|
Profit before tax |
|
2 306 |
1 759 |
31.1 |
|
Tax |
|
659 |
491 |
34.2 |
|
Profit after tax |
|
1 647 |
1 268 |
29.9 |
|
Other comprehensive income: |
|
|
|
|
|
Net fair value adjustments on financial instruments, after tax |
|
(17) |
40 |
<100 |
|
Exchange differences on translation of foreign subsidiaries |
|
37 |
13 |
>100 |
|
Other comprehensive income for the year, net of tax |
|
20 |
53 |
(62.3) |
|
Total comprehensive income for the year |
|
1 667 |
1 321 |
26.2 |
|
|
|
|
|
|
|
Profit attributable to: |
|
1 647 |
1 268 |
29.9 |
|
Shareholders of the parent |
|
1 631 |
1 258 |
29.7 |
|
Non-controlling interest |
|
16 |
10 |
60.0 |
|
Total comprehensive income attributable to: |
|
1 667 |
1 321 |
26.2 |
|
Shareholders of the parent |
|
1 651 |
1 304 |
26.6 |
|
Non-controlling interest |
|
16 |
17 |
(5.9) |
|
|
|
|
|
|
|
Reconciliation of headline earnings |
|
|
|
|
|
Earnings attributable to shareholders of the parent |
|
1 631 |
1 258 |
29.7 |
|
BEE preference dividend paid |
|
19 |
11 |
72.7 |
|
Basic earnings |
|
1 612 |
1 247 |
29.3 |
| Loss on disposal of property, plant and equipment |
|
4 |
24 |
(83.3) |
| Impairment of property, plant and equipment |
|
24 |
– |
|
| Tax impact of adjustments |
|
(8) |
(7) |
14.3 |
| Headline earnings |
|
1 632 |
1 264 |
29.1 |
| Abnormal foreign exchange related gain |
|
– |
(57) |
(100.0) |
| Adjusted headline earnings |
|
1 632 |
1 207 |
35.2 |
| |
|
|
|
|
| Headline earnings per share (cents) |
|
214.9 |
164.6 |
30.6 |
| Earnings per share (cents) |
5 |
212.2 |
162.4 |
30.7 |
| Adjusted headline earnings per share (cents) |
|
214.9 |
157.2 |
36.7 |
| Diluted headline earnings per share (cents) |
|
209.8 |
159.3 |
31.7 |
| Diluted earnings per share (cents) |
5 |
207.2 |
157.2 |
31.8 |
| Adjusted diluted headline earnings per share (cents) |
|
209.8 |
152.2 |
37.8 |
| Number of shares in issue (millions) |
|
755.2 |
759.5 |
(0.6) |
|
Weighted average number of shares in issue (millions) |
|
759.5 |
768.0 |
(1.1) |
