| 52 weeks |
|
|
|
26 weeks |
26 weeks |
|
| to 26 Jun |
|
|
|
to 25 Dec |
to 26 Dec |
|
| 2011 |
|
|
|
2011 |
2010 |
% |
| Rm |
|
|
Notes |
Rm |
Rm |
change |
| 25 841 |
|
Revenue |
|
14 214 |
12 797 |
11.1 |
| 25 582 |
|
Turnover |
|
14 137 |
12 687 |
11.4 |
| 16 683 |
|
Cost of sales |
|
9 090 |
8 327 |
9.2 |
| 8 899 |
|
Gross profit |
|
5 047 |
4 360 |
15.8 |
| 127 |
|
Other revenue |
|
42 |
46 |
(8.7) |
| 6 904 |
|
Expenses |
|
3 681 |
3 304 |
11.4 |
| 4 448 |
|
Store costs |
|
2 534 |
2 166 |
17.0 |
| 2 456 |
|
Other operating costs |
|
1 147 |
1 138 |
0.8 |
| |
|
|
|
|
|
|
| 2 122 |
|
Operating profit |
|
1 408 |
1 102 |
27.8 |
| 132 |
|
Investment income |
|
35 |
64 |
(45.3) |
| 84 |
|
Finance costs |
|
19 |
64 |
(70.3) |
| 2 170 |
|
Profit before earnings from joint ventures and associate |
|
1 424 |
1 102 |
29.2 |
| 129 |
|
Earnings from joint ventures |
|
56 |
65 |
(13.8) |
| 7 |
|
Earnings from associate |
|
– |
– |
|
| 2 306 |
|
Profit before tax |
|
1 480 |
1 167 |
26.8 |
| 659 |
|
Tax |
|
431 |
384 |
12.2 |
| 1 647 |
|
Profit after tax |
|
1 049 |
783 |
34.0 |
| |
|
Other comprehensive income: |
|
|
|
|
| (17) |
|
Net fair value adjustments on financial instruments, after tax |
|
141 |
(46) |
(>100) |
| 37 |
|
Exchange differences on translation of foreign subsidiaries |
|
3 |
(6) |
(>100) |
| 20 |
|
Other comprehensive income for the period, net of tax |
|
144 |
(52) |
(>100) |
| 1 667 |
|
Total comprehensive income for the period |
|
1 193 |
731 |
63.2 |
| 1 647 |
|
Profit attributable to: |
|
1 049 |
783 |
34.0 |
| 1 631 |
|
Shareholders of the parent |
|
1 034 |
775 |
33.4 |
| 16 |
|
Non-controlling interest |
|
15 |
8 |
87.5 |
| 1 667 |
|
Total comprehensive income attributable to: |
|
1 193 |
731 |
63.2 |
| 1 651 |
|
Shareholders of the parent |
|
1 179 |
731 |
61.3 |
| 16 |
|
Non-controlling interest |
|
14 |
– |
|
| |
|
|
|
|
|
|
| |
|
Reconciliation of headline earnings |
|
|
|
|
| 1 631 |
|
Earnings attributable to shareholders of the parent |
|
1 034 |
775 |
33.4 |
| 19 |
|
BEE preference dividend paid |
|
21 |
11 |
90.9 |
| 1 612 |
|
Basic earnings |
|
1 013 |
764 |
32.6 |
| 4 |
|
Loss on disposal of property, plant and equipment |
|
2 |
1 |
100.0 |
| 24 |
|
Impairment of property, plant and equipment |
|
– |
– |
|
| (8) |
|
Tax impact of adjustments |
|
(1) |
– |
|
| 1 632 |
|
Headline earnings |
|
1 014 |
765 |
32.5 |
| 214.9 |
|
Headline earnings per share (cents) |
|
135.7 |
100.8 |
34.6 |
| 212.2 |
|
Earnings per share (cents) |
2 |
135.5 |
100.6 |
34.7 |
| 209.8 |
|
Diluted headline earnings per share (cents) |
|
131.3 |
96.6 |
35.9 |
| 207.2 |
|
Diluted earnings per share (cents) |
2 |
131.2 |
96.5 |
36.0 |
| 755.2 |
|
Number of shares in issue (millions) |
|
745.9 |
761.7 |
(2.1) |
| 759.5 |
|
Weighted average number of shares in issue (millions) |
|
747.4 |
759.3 |
(1.6) |
