| | Year ended | | | | | | | 26 weeks ended | | | |
| | 30 June 2005 | | | | | | | December | | | |
| | Restated | | | | | | | | Restated | | | |
| | | | | | | | | 2005 | 2004 | | | % |
| Rm | | Notes | Rm | Rm | Change |
| 12 988.9 | | | Revenue | | 7
415.3 | 6 353.1 | 16.7% |
| | 12 220.7 | | | Turnover | | | | 6
995.0 | 6 016.6 | | | 16.3% |
| 8 207.6 | | | Cost
of merchandise | | | | 4
710.1 | 4 036.0 | 16.7% |
| | 4 013.1 | | | Gross profit | | | | 2
284.9 | 1 980.6 | | | 15.4% |
| | 768.2 | | | Other revenue | | | | 420.3 | 336.5 | | | 24.9% |
| | 3 550.0 | | | Expenses | | | | 1
974.9 | 1 706.7 | | | 15.7% |
| | 254.5
| | | Depreciation | | | | 132.9 | 123.6 | | | 7.5% |
| | | 609.8
| | | Occupancy
cost | | | | 337.2 | 302.3 | | | 11.5% |
| | | 1
460.0 | | | Employment
cost | | | | 805.1 | 705.4 | | | 14.1% |
| | 1
225.7 | | | Other
operating cost | | | | 699.7 | 575.4 | | | 21.6% |
| | | | |
| | 1
231.3 | | | Operating profit | | | | 730.3 | 610.4 | | | 19.6% |
| | | 152.7 | | | Finance costs | | | | 113.8 | 62.0 | | | 83.5% |
| | 1 078.6 | | | Net profit before tax | | | | 616.5 | 548.4 | | | 12.4% |
| | | 299.5 | | | Tax | 3 | | | 194.2 | 161.0 | | | 20.6% |
| | | 779.1 | | | Net
profit after tax | | 422.3 | 387.4 | 9.0% |
| | | | | Attributable to: | | | | | | | | |
| | 776.9 | | | Ordinary shareholders | | | | 421.3 | 386.7 | | | 8.9% |
| | | 2.2 | | | Outside
shareholders | | | | 1.0 | 0.7 | | | 42.9% |
| | | | | Reconciliation of headline earnings | | | | | | | | |
| | 776.9 | | | Attributable earnings | | | | 421.3 | 386.7 | | | 8.9% |
| | 0.9 | | | (Profit)/loss
on disposal of property, plant and equipment net of outside shareholders'
interest | | | | (2.2) | (0.6) | | | |
| | (7.9) | | | Profit on disposal of investment in unit trust | | | | – | – | | | |
| | (15.5) | | | Reversal of provision for impairment of property | | | | – | – | | | |
| | 0.5 | | | Provision for impairment of plant and equipment | | | | – | – | | | |
| | | 4.1 | | | Foreign
exchange loss realised on repayment of loan by subsidiary | | | | – | – | | | |
| | | 759.0 | | | Headline
earnings | | | | 419.1 | 386.1 | | | 8.5% |
| | 89.4 | | | Headline earnings per share (cents) | | | | 53.1 | 44.4 | | | 19.6% |
| | 91.5 | | | Earnings per share (cents) | | | | 53.3 | 44.5 | | | 19.8% |
| | 87.3 | | | Diluted headline earnings per share (cents) | 4 | | | 51.9 | 42.6 | | | 21.8% |
| | 89.4 | | | Diluted earnings per share (cents) | 4 | | | 52.2 | 42.7 | | | 22.2% |
| | 54.0 | | | Distribution per share (cents) | | | | 24.0 | 18.5 | | | 29.7% |
| | 1.7 | | | Distribution cover (based on earnings per share) | | | | 2.2 | 2.4 | | | |
| | 787.2 | | | Number of shares in issue (millions) | | | | 796.2 | 870.7 | | | (8.6%) |
| | | 849.4 | | | Weighted
average number of shares in issue (millions) | | | | 789.8 | 869.7 | | | (9.2%) |
| | | | | GROUP ANALYSIS | | | | | | | | |
| | | | | Revenue | | | | | | | | |
| | 12
220.7 | | | Turnover | | | | 6
995.0 | 6 016.6 | | | 16.3% |
| | | 11
238.6 | | | Woolworths | | | | 6
488.9 | 5 546.0 | | | 17.0% |
| | | 5
349.5 | | | -
Clothing and home | | | | 3
024.4 | 2 685.6 | | | 12.6% |
| | | 5
666.0 | | | -
Food | | | | 3
329.1 | 2 753.1 | | | 20.9% |
| | | 223.1
| | | -
Logistics services and other | | | | 135.4 | 107.3
| | | 26.2% |
| | | 982.1
| | | Country
Road | | | | 506.1 | 470.6
| | | 7.5% |
| | 641.7 | | | Interest | | | | 348.6 | 288.6 | | | 20.8% |
| | | 126.5 | | | Other
revenue | | | | 71.7 | 47.9 | | | 49.7% |
| | | 12
988.9 | | | | | | | 7
415.3 | 6 353.1 | | | 16.7% |
| | | | | Operating profit | | | | | | | | |
| | | 1
206.9 | | | Woolworths | | | | 720.1 | 602.4 | | | 19.5% |
| | | 24.4 | | | Country
Road | | | | 10.2 | 8.0 | | | 27.5% |
| | | 1
231.3 | | | | | | | 730.3 | 610.4 | | | 19.6% |
