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[ last updated:19 January 2010 ]

Key segmental results

Segmental analysis as at 30 June 2009

Adjusted headline earnings per share, on a comparative 52:52-week basis, (“Adjusted HEPS (52:52)”) excludes:

Despite these adjustments, the group results for the year remain non-comparable due to the change in the nature of the WFS investment and the interest impact of the capital transactions.

Group pro t before tax and exceptional items (PBTAE) for the year has reduced by 4.8% to R1 426m, again impacted by the forex loss. The increase in PBTAE is 0.9% on a 52-week comparable basis.

To best comprehend these results, a review should be undertaken on a segmental basis, on a 52:52-week basis.

segmental analysis

Group results (52:52)

Divisional contribution, Rm      
       
Year to date 2009 2008* % Change
SA Retail 1 188 1 135 4.7
Unrealised forex loss (79) –  
SA Retail including forex loss 1 109 1 135 (2.3)
Net interest 50 20 >100
Country Road 138 101 36.6
WFS – to 30 September 72 158 (54.4)
WFS joint venture – from 1 October 57 –  
Group pro t before tax and exceptional items 1 426 1 414 0.9
       
* Last year on a comparable 52-week basis      
       

SA Retail
Income statement
  2009 2008*  
  Rm Rm % Change
Sales 18 835 17 826 5.7
Cost of sales 13 556 12 843 5.6
Gross pro t 5 279 4 983 5.9
Other revenue 96 91 5.5
Expenses 4 279 3 940 8.6
   Store costs 2 597 2 308 12.5
   Other operating costs 1 682 1 632 3.1
       
Operating pro t 1 096 1 134 (3.4)
Earnings from joint venture and associate 13 1 >100
Pro t before tax and exceptional items 1 109 1 135 (2.3)
Gross margin 28.0% 28.0%  
Operating margin 5.8% 6.4%  

* Last year on a comparable 52-week basis

Full segmental information as at 30 June 2009

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