| |
|
|
|
|
Restated |
|
| 52 weeks |
|
|
|
26 weeks to |
26 weeks to |
|
| to 28 June |
|
|
|
27 December |
28 December |
|
| 2009 |
|
|
|
2009 |
2008 |
% |
| Rm |
|
|
Notes |
Rm |
Rm |
change |
| 21 922.3 |
|
Revenue |
|
11 696.0 |
11 147.1 |
4.9 |
| 21 175.0 |
|
Turnover |
|
11 549.8 |
10 562.9 |
9.3 |
| 14 501.1 |
|
Cost of sales |
|
7 705.5 |
7 274.1 |
5.9 |
| 6 673.9 |
|
Gross profit |
|
3 844.3 |
3 288.8 |
16.9 |
| 747.3 |
|
Other revenue |
|
146.2 |
584.2 |
(75.0) |
| 5 783.7 |
|
Expenses |
|
2 989.6 |
2 847.3 |
5.0 |
| 3 481.9 |
|
Store costs |
|
1 945.3 |
1 721.1 |
13.0 |
| 134.2 |
|
Net bad debt and bad debt provision |
|
– |
134.2 |
(100.0) |
| 2 167.6 |
|
Other operating costs |
|
1 044.3 |
992.0 |
5.3 |
| |
|
|
|
|
|
|
| 1 637.5 |
|
Operating profit |
|
1 000.9 |
1 025.7 |
(2.4) |
| 281.2 |
|
Finance costs |
|
75.0 |
195.2 |
(61.6) |
| 58.1 |
|
Earnings from joint ventures |
|
26.9 |
27.4 |
(1.8) |
| 11.7 |
|
Earnings from associate |
|
3.1 |
7.6 |
(59.2) |
| 1 426.1 |
|
Profit before exceptional item |
|
955.9 |
865.5 |
10.4 |
| 380.0 |
|
Profit on disposal of controlling interest in subsidiary |
|
– |
380.0 |
(100.0) |
| 1 806.1 |
|
Profit before tax |
|
955.9 |
1 245.5 |
(23.3) |
| 546.3 |
|
Tax |
5 |
285.8 |
365.5 |
(21.8) |
| 1 259.8 |
|
Profit after tax |
|
670.1 |
880.0 |
(23.9) |
| |
|
Other comprehensive income: |
|
|
|
|
| (53.9) |
|
Net fair value adjustments on financial instruments |
|
(2.7) |
62.6 |
(104.3) |
| (81.0) |
|
Exchange differences on translation of foreign subsidiaries |
|
17.0 |
16.2 |
4.9 |
| (134.9) |
|
Other comprehensive income for the period, net of tax |
|
14.3 |
78.8 |
(81.9) |
| 1 124.9 |
|
Total comprehensive income for the period |
|
684.4 |
958.8 |
(28.6) |
| 1 259.8 |
|
Profit attributable to: |
|
670.1 |
880.0 |
(23.9) |
| 1 247.7 |
|
Shareholders of the parent |
|
662.4 |
872.1 |
(24.0) |
| 12.1 |
|
Non-controlling interest |
|
7.7 |
7.9 |
(2.5) |
| 1 124.9 |
|
Total comprehensive income attributable to: |
|
684.4 |
958.8 |
(28.6) |
| 1 124.2 |
|
Shareholders of the parent |
|
674.5 |
960.7 |
(29.8) |
| 0.7 |
|
Non-controlling interest |
|
9.9 |
(1.9) |
(621.1) |
| |
|
|
|
|
|
|
| |
|
Reconciliation of headline earnings |
|
|
|
|
| 1 247.7 |
|
Earnings attributable to shareholders of the parent |
|
662.4 |
872.1 |
(24.0) |
| 8.6 |
|
BEE preference dividend paid |
|
6.8 |
5.2 |
|
| 1 239.1 |
|
Basic earnings |
|
655.6 |
866.9 |
|
| (380.0) |
|
Profit on disposal of controlling interest in subsidiary |
|
– |
(380.0) |
|
| 3.5 |
|
Loss/(profit) on disposal of property, plant and equipment |
|
7.5 |
(1.4) |
|
| (1.0) |
|
Tax impact of adjustments |
|
(2.1) |
0.4 |
|
| 861.6 |
|
Headline earnings |
|
661.0 |
485.9 |
36.0 |
| 56.9 |
|
Abnormal foreign exchange (profit)/loss |
6 |
(41.6) |
– |
|
| 75.0 |
|
STC on special dividend |
|
– |
75.0 |
|
| 993.5 |
|
Adjusted headline earnings |
|
619.4 |
560.9 |
10.4 |
| 109.3 |
|
Headline earnings per share (cents) |
|
85.4 |
61.0 |
40.0 |
| 157.2 |
|
Earnings per share (cents) |
7 |
84.7 |
108.8 |
(22.2) |
| 126.0 |
|
Adjusted headline earnings per share (cents) |
|
80.1 |
70.4 |
13.8 |
| 107.5 |
|
Diluted headline earnings per share (cents) |
|
83.4 |
60.3 |
38.3 |
| 154.0 |
|
Diluted earnings per share (cents) |
7 |
82.7 |
107.1 |
(22.8) |
| 123.7 |
|
Adjusted diluted headline earnings per share (cents) |
|
78.2 |
69.5 |
12.5 |
| 774.7 |
|
Number of shares in issue (millions) |
|
764.2 |
786.3 |
(2.8) |
| 788.3 |
|
Weighted average number of shares in issue (millions) |
|
773.6 |
796.6 |
(2.9) |
