| CONSOLIDATED INCOME STATEMENT |
| for the year ended 31 August 2009 |
| |
|
2009 |
2008 |
| |
|
|
(restated) |
| |
Notes |
R’000 |
R’000 |
| Continuing operations |
|
|
|
| Revenue |
1 |
12 754 202 |
11 711 517 |
| Turnover |
1 |
12 175 312 |
11 193 577 |
| Cost of merchandise sold |
|
(9 657 930) |
(8 984 267) |
| Gross profit |
|
2 517 382 |
2 209 310 |
| Other income |
1 |
564 482 |
499 209 |
| Expenses |
|
(2 372 694) |
(2 118 071) |
| | Depreciation and amortisation |
3 |
(113 665) |
(95 378) |
| | Occupancy costs |
4 |
(352 055) |
(306 488) |
| | Employment costs |
5 |
(1 156 928) |
(986 128) |
| | Other costs |
6 |
(750 046) |
(730 077) |
| |
|
|
|
| Operating profit |
|
709 170 |
590 448 |
| (Loss)/profit on disposal of property, plant and equipment |
|
(7 177) |
13 925 |
| Profit on disposal of business |
|
– |
1 244 |
| Profit before financing costs |
|
701 993 |
605 617 |
| Net financing costs |
2 |
(54 773) |
(51 184) |
| | Financial income |
1 |
14 408 |
18 731 |
| | Financial expense |
|
(69 181) |
(69 915) |
| |
|
|
|
| Profit before taxation |
|
647 220 |
554 433 |
| Income tax expense |
8 |
(174 619) |
(146 897) |
| Profit for the year from continuing operations |
|
472 601 |
407 536 |
| Discontinued operations |
|
|
|
| Profit for the year from discontinued operations |
7 |
– |
33 538 |
| Total profit for the year |
|
472 601 |
441 074 |
| Attributable to: |
|
|
|
| Equity holders of the parent |
|
472 387 |
441 201 |
| Minority interest |
|
214 |
(127) |
| |
|
472 601 |
441 074 |
| Earnings per share (cents) |
|
|
|
| | Continuing operations |
9 |
165.6 |
136.7 |
| | Discontinued operations |
9 |
– |
11.3 |
| | Total |
9 |
165.6 |
148.0 |
| Diluted earnings per share (cents) |
|
|
|
| | Continuing operations |
9 |
163.8 |
134.2 |
| | Discontinued operations |
9 |
– |
11.0 |
| | Total |
9 |
163.8 |
145.2 |
