| 52 weeks ended | 26 weeks ended | |||||||||||||
| June 2007 | December | |||||||||||||
| Restated | ||||||||||||||
| 2007 | 2006 | % | ||||||||||||
| Rm | Note | Rm | Rm | change | ||||||||||
| 18 641.9 | Revenue | 10 557.1 | 8 970.4 | 17.7% | ||||||||||
| 17 376.9 | Turnover | 9 756.5 | 8 406.5 | 16.1% | ||||||||||
| 11 399.9 | Cost of sales | 6 357.6 | 5 522.8 | 15.1% | ||||||||||
| 5 977.0 | Gross profit | 3 398.9 | 2 883.7 | 17.9% | ||||||||||
| 1 265.0 | Other revenue | 800.6 | 563.9 | 42.0% | ||||||||||
| 5 396.5 | Expenses | 3 213.7 | 2 490.0 | 29.1% | ||||||||||
| 316.7 | Depreciation | 176.6 | 155.5 | |||||||||||
| 806.0 | Occupancy cost | 496.2 | 398.9 | |||||||||||
| 2 129.3 | Employment cost | 9 | 1 234.9 | 954.0 | ||||||||||
| 351.5 | Net bad debt and bad debt provision | 282.4 | 137.0 | |||||||||||
| 1 793.0 | Other operating cost | 1 023.6 | 844.6 | |||||||||||
| 1 845.5 | Operating profit | 985.8 | 957.6 | 2.9% | ||||||||||
| 378.7 | Finance cost | 242.2 | 171.9 | 40.9% | ||||||||||
| 1 466.8 | Profit before exceptional item | 743.6 | 785.7 | (5.4%) | ||||||||||
| 54.6 | Exceptional item | – | 54.6 | |||||||||||
| 1 521.4 | Profit before tax | 743.6 | 840.3 | (11.5%) | ||||||||||
| 434.7 | Tax | 4 | 274.4 | 273.1 | 0.5% | |||||||||
| 1 086.7 | Profit after tax | 469.2 | 567.2 | (17.3%) | ||||||||||
| Attributable to: | ||||||||||||||
| 1 074.4 | Shareholders of the parent | 465.1 | 563.6 | (17.5%) | ||||||||||
| 12.3 | Minority shareholders | 4.1 | 3.6 | 13.9% | ||||||||||
| Reconciliation of headline earnings | 2 | |||||||||||||
| 1 074.4 | Earnings attributable to shareholders of the parent |
465.1 | 563.6 | (17.5%) | ||||||||||
| – | BEE preference dividend paid | 9 | (4.5) | – | ||||||||||
| 1 074.4 | Basic earnings | 460.6 | 563.6 | |||||||||||
| (56.1) | Profit on disposal of property, plant and equipment |
(0.2) | (56.4) | |||||||||||
| (1.1) | Foreign exchange profit realised on repayment of loan by subsidiary |
– | (1.1) | |||||||||||
| 8.1 | Total tax impact of adjustments | 0.1 | 8.5 | |||||||||||
| 1 025.3 | Headline earnings | 5 | 460.5 | 514.6 | (10.5%) | |||||||||
| 127.8 | Headline earnings per share (cents) | 5 | 56.9 | 64.4 | (11.7%) | |||||||||
| 133.9 | Earnings per share (cents) | 6 | 56.9 | 70.5 | (19.3%) | |||||||||
| 127.8 | Headline earnings per share adjusted for the impact of the BEE employee share ownership scheme (cents) | 60.6 | 64.4 | (5.9%) | ||||||||||
| 125.5 | Diluted headline earnings per share (cents) | 5 | 55.6 | 63.4 | (12.3%) | |||||||||
| 131.5 | Diluted earnings per share (cents) | 6 | 55.6 | 69.3 | (19.8%) | |||||||||
| 76.0 | Dividend per ordinary share (cents) | 29.5 | 29.5 | |||||||||||
| 1.7 | Dividend cover (based on headline earnings | 1.9 | 2.2 | |||||||||||
| per share) | ||||||||||||||
| 5.1 | Dividend per preference share (cents) | 3.2 | – | |||||||||||
| 809.3 | Number of shares in issue (millions) | 812.1 | 800.4 | 1.5% | ||||||||||
| 802.4 | Weighted average number of
shares in issue (millions) |
810.0 | 799.2 | 1.4% | ||||||||||
| Revenue | ||||||||||||||
| 17 376.9 | Turnover | 9 756.5 | 8 406.5 | 16.1% | ||||||||||
| 16 022.9 | Woolworths | 8 876.4 | 7 810.1 | 13.7% | ||||||||||
| 6 985.0 | – Clothing and general merchandise |
3 714.5 | 3 460.2 | 7.3% | ||||||||||
| 8 718.0 | – Food | 4 977.4 | 4 191.3 | 18.8% | ||||||||||
| 319.9 | – Logistics services and other |
184.5 | 158.6 | 16.4% | ||||||||||
| 1 354.0 | Country Road | 880.1 | 596.4 | 47.6% | ||||||||||
| 1 022.4 | Interest | 663.8 | 448.7 | 47.9% | ||||||||||
| 242.6 | Other revenue | 136.8 | 115.2 | 18.8% | ||||||||||
| 18 641.9 | 10 557.1 | 8 970.4 | 17.7% | |||||||||||
| Operating profit | ||||||||||||||
| 1 788.8 | Woolworths | 937.0 | 926.4 | 1.1% | ||||||||||
| 56.7 | Country Road | 48.8 | 31.2 | 56.4% | ||||||||||
| 1 845.5 | 985.8 | 957.6 | 2.9% | |||||||||||
