Unaudited Preliminary Group Results for the year ended 31 August 2006
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Distribution
 
  Year to   Year to  
  31 August 31 August
  2006 2005
R’000 (unaudited)   (restated audited)  
Increase in share capital and premium 74 394 57 061
Increase in treasury shares held (46 784) (126 697)
Increase/(decrease) in non-distributable reserve 110 (534)
Tax rate adjustment (930)
Profit for the year restated 245 990 179 163
    Profit for the year reported 238 020   204 633   
    Adjustments 7 970   (25 470)  
Share option reserve 5 623 5 379
Distributions to shareholders (102 323)   (112 465)  
Net increase in shareholders’ interest 177 010 977
Opening shareholders’ interest restated 1 416 939 1 415 962
    Opening shareholders’ interest reported 1 340 223   1 319 155  
    Adjustments 76 716   96 807  
         
Closing shareholders’ interest 1 593 949   1 416 939  
Percentage increase in closing shareholders’ interest 12.5  


Adjustments          Cumulative  
Impact on profit for the period Year to Year to prior to
  31 August 31 August 31 August
R’000 2006   2005   2004  
Re-recognition of trademarks previously written off 3 720 260 400
Change in estimate relating to useful lives of assets 4 434
Inventory adjustments 6 868 (15 668) (113 407)
Irrecoverable debtors’ balances written off (25 080)
Leave pay and bonus accruals (6 865) (295) (13 006)
Onerous leases 3 240 (3 007) (10 697)
Other 5 916   (4 841)   (1 403)  
Total adjustment to equity 13 593 (20 091) 96 807
Share options expense (5 623)   (5 379)   (9 035)  
Total adjustment to profit for the year 7 970   (25 470)   87 772  

The effects disclosed are net of deferred tax at the rates prevailing during the relevant year. The 2005 impact includes the impact of the change in tax rate on the cumulative 31 August 2004 adjustment.