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Five-year Consolidated Income Statement
for the year ended 31 August

   R'm 4-year

compound
annual growth
%

 2009 2008

(restated)

 2007 2006 2005
Turnover 8.7% 12 175 11 244 11 205 10 001 8 714
Cost of merchandise sold 8.6% (9 657) (9 021) (8 982) (8 047) (6 936)
Gross profit 9.1% 2 518 2 223 2 223 1 954 1 778
Other income 9.9% 564 501 501 450 386
Expenses 6.6% (2 373) (2 126) (2 190) (2 010) (1 835)
    Depreciation and amortisation 3.6% (114) (95) (98) (103) (99)
    Occupancy costs 4.5% (352) (303) (336) (317) (295)
    Employment costs 9.2% (1 157) (993) (1 040) (942) (815)
    Other costs 4.6% (750) (735) (716) (648) (626)
             
Operating profit 21.2% 709 598 534 394 329
Adjustment for capital items   (7) 39 27 (5) (23)
Profit before financing costs 23.1% 702 637 561 389 306
Net financing costs 2.9% (55) (51) (39) (58) (49)
    Financial income   14 19 16 11 8
    Financial expense   (69) (70) (55) (69) (57)
             
Profit before tax 26.0% 647 586 522 331 257
Income tax expense 22.8% (175) (145) (141) (84) (77)
Profit for the year 27.3% 472 441 381 247 180
Attributable to:            
Equity holders of the parent   472 441 381 247 180
Adjustment for:            
    Impairment of property, plant and equipment   – – – 3 4
Loss/(profit) on disposal of property, plant and equipment   6 (12) (24) 1 –
    Profit on sale of Discom   – (28) – – –
    Profit on sale of operations   – (1) – – –
    Goodwill impairment   – – – 1 17
             
Headline earnings 24.2% 478 400 357 252 201
Headline earnings per share (cents)            
–undiluted 29.8% 167.7 134.0 106.1 73.1 59.0
–diluted 30.4% 165.9 131.5 103.0 71.0 57.4
Earnings per share (cents)            
–undiluted 33.1% 165.6 148.0 113.2 71.4 52.7
–diluted 33.7% 163.8 145.2 109.9 69.4 51.3
Number of shares in issue (m)   303 324 336 355 370
Weighted average number of shares (net of treasury shares) (m)   285 298 336 344 340
Weighted average diluted number of shares (net of treasury shares) (m)   288 304 346 354 349
Notes:            
1. The income statements include the results of the Discom business unit disposed of during September 2007 as if part of continuing operations and not as discontinued operations.
2.  For an explanation of terms used, please refer to the Definitions section.