SIX-YEAR CONSOLIDATED SUMMARY OF PROFITS
for the year ended 31 August

R'm 5-year 2010 2009 2008 2007 2006 2005
  compound   (restated)        
  annual            
  growth            
  %            
Turnover 8.8% 13 277 12 175 11 244 11 205 10 001 8 714
Cost of merchandise sold 8.4% (10 373) (9 657) (9 021) (8 982) (8 047) (6 936)
Gross profit 10.3% 2 904 2 518 2 223 2 223 1 954 1 778
Other income 10.2% 626 564 501 501 450 386
Expenses 8.1% (2 706) (2 373) (2 126) (2 190) (2 010) (1 835)
  Depreciation and amortisation 5.3% (128) (114) (95) (98) (103) (99)
  Occupancy costs 5.7% (390) (339) (303) (336) (317) (295)
  Employment costs 11.4% (1 399) (1 157) (993) (1 040) (942) (815)
  Other costs 4.7% (789) (763) (735) (716) (648) (626)
               
Operating profit 20.2% 824 709 598 534 394 329
Adjustment for capital items   (14) (7) 39 27 (5) (23)
Profit before financing costs 21.5% 810 702 637 561 389 306
Net financing costs (4.5%) (39) (55) (51) (39) (58) (49)
  Financial income   10 14 19 16 11 8
  Financial expense   (49) (69) (70) (55) (69) (57)
               
Profit before tax 24.6% 771 647 586 522 331 257
Income tax expense 21.9% (207) (175) (145) (141) (84) (77)
Profit for the year 25.7% 564 472 441 381 247 180
Attributable to:              
Equity holders of the parent   565 472 441 381 247 180
Adjustment for:              
  Impairment of plant, property, equipment and intangible assets   6 3 4
  Loss/(profit) on disposal of property, plant and equipment   5 6 (12) (24) 1
  Profit on sale of Discom   (28)
  Profit on sale of operations   (1)
  Goodwill impairment   1 17
               
Headline earnings 23.4% 576 478 400 357 252 201
Headline earnings per share (cents)              
– basic 29.2% 212.3 167.7 134.0 106.1 73.1 59.0
– diluted 29.8% 211.4 165.9 131.5 103.0 71.0 57.4
Earnings per share (cents)              
– basic 31.7% 208.6 165.6 148.0 113.2 71.4 52.7
– diluted 32.3% 207.7 163.8 145.2 109.9 69.4 51.3
Number of shares in issue (m) (5.2%) 284 303 324 336 355 370
Weighted average number of shares              
(net of treasury shares) (m) (4.4%) 271 285 298 336 344 340
Weighted average diluted number of              
shares (net of treasury shares) (m) (4.9%) 272 288 304 346 354 349
               
Notes:              
1.   The consolidated summary of profits 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. Comparative figures have been restated for the reclassification of certain expenses between occupancy costs and other costs within the UPD business.
3. For an explanation of terms used, please refer to the Definitions.

 

US 5-year 2010 2009 2008 2007 2006 2005
Dollars'm compound            
  annual            
  growth            
  %            
Turnover 5.5% 1 826 1 345 1 517 1 556 1 543 1 399
Cost of merchandise sold 5.1% (1 427) (1 067) (1 217) (1 248) (1 242) (1 113)
Gross profit 6.9% 399 278 300 308 301 286
Other income 6.8% 86 62 68 70 69 62
Expenses 4.9% (373) (262) (287) (304) (310) (294)
  Depreciation and amortisation 2.4% (18) (13) (13) (14) (16) (16)
  Occupancy costs 2.8% (54) (37) (41) (47) (49) (47)
  Employment costs 7.9% (192) (128) (134) (144) (145) (131)
  Other costs 1.7% (109) (84) (99) (99) (100) (100)
               
Operating profit 15.7% 112 78 81 74 60 54
Adjustment for capital items   (2) (1) 5 4 (1) (4)
Profit before financing costs 17.1% 110 77 86 78 59 50
Net financing costs (5.6%) (6) (6) (6) (6) (9) (8)
  Financial income   1 2 3 2 2 1
  Financial expense   (7) (8) (9) (8) (11) (9)
               
Profit before tax 19.9% 104 71 80 72 50 42
Income tax expense 18.5% (28) (19) (20) (20) (13) (12)
Profit for the year 20.4% 76 52 60 52 37 30
Attributable to:              
Equity holders of the parent   78 52 60 53 38 29
Adjustment for:              
  Impairment of plant, property, equipment and intangible assets   1 1
  Loss/(profit) on disposal of property, plant and equipment   1 1 (2) (3)
  Profit on sale of Discom   (4)
  Profit on sale of operations  
  Goodwill impairment   3
                 
Headline earnings 19.4% 80 53 54 50 38 33
Exchange rate: average rate   7.27 9.05 7.41 7.20 6.48 6.23
               
Notes:              
1.   The ZAR six-year consolidated summary of profits was translated to USD using the average rate.