Consolidated statement of comprehensive income
for the year ended 31 August 2012

  Note 2012 
R’000 
2011 
R’000 
Revenue 3 16 243 377  14 833 118 
Turnover 3 15 436 947  14 135 948 
Cost of merchandise sold   (11 961 536) (10 879 173)
Gross profit   3 475 411  3 256 775 
Other income 3 800 554  688 935 
Total income   4 275 965  3 945 710 
Expenses   (3 264 637) (3 008 120)
Depreciation and amortisation   (171 535) (149 714)
Occupancy costs   (471 897) (422 596)
Employment costs   (1 582 459) (1 496 491)
Other costs   (1 038 746) (939 319)
       
Operating profit   1 011 328  937 590 
Loss on disposal of property, plant and equipment   (6 578) (6 250)
Profit before financing costs   1 004 750  931 340 
Net financing costs   (46 396) (33 626)
Financial income 3 5 876  8 235 
Financial expense   (52 272) (41 861)
       
Profit before taxation   958 354  897 714 
Income tax expense   (269 974) (246 749)
Total profit for the year   688 380  650 965 
       
Other comprehensive income/(loss):      
Exchange differences on translation of foreign subsidiaries   1 615  (220)
Cash flow hedges   1 485  2 105 
Change in fair value of effective portion   2 063  2 924 
Deferred tax on movement of effective portion   (578) (819)
       
Other comprehensive income for the year, net of tax   3 100  1 885 
Total comprehensive income for the year   691 480  652 850 
       
Profit attributable to:      
Equity holders of the parent   688 687  650 932 
Non-controlling interest   (307) 33 
    688 380  650 965 
       
Total comprehensive income attributable to:      
Equity holders of the parent   691 787  652 817 
Non-controlling interest   (307) 33 
    691 480  652 850 
       
Reconciliation of headline earnings      
Total profit for the period attributable to equity holders of the parent   688 687  650 932 
Adjusted for:      
Loss on disposal of property, plant and equipment   4 736  4 500 
Insurance recovery income   (1 018) – 
Headline earnings   692 405  655 432 
       
Headline earnings per share (cents)      
– basic   273.5  250.1 
– diluted   273.4  249.7 
Earnings per share (cents)      
– basic   272.0  248.3 
– diluted   271.9  248.0 
Weighted average number of shares in issue (net of treasury shares)   253 154  262 118 
Weighted average diluted number of shares in issue (net of treasury shares)   253 258  262 515