reviewed preliminary group results for the year ended 31 August 2007
    Year to   Year to  
    31 August 2007   31 August 2006 %
R’000 Note (reviewed)   (audited) change
Continuing operations          
Revenue   10 529 632   9 338 713 12.8
Turnover   10 051 373   8 922 939 12.6
Cost of merchandise sold   8 153 049   7 267 010 12.2
Gross profit   1 898 324   1 655 929 14.6
Other income   462 393   404 404 14.3
Expenses   1 866 889   1 701 269 9.7
   Depreciation and
   amortisation
  81 587   83 612 (2.4)
   Occupancy costs   284 605   261 924 8.7
   Employment costs   891 262   805 603 10.6
   Other operating costs   609 435   550 130 10.8
Impairment of property,
 plant and equipment
    (3 159)  
Goodwill impairment   (250)   (1 254)  
Profit on disposal of property, plant
 and equipment
  29 402   483  
Operating profit before financing costs   522 980   355 134 47.3
Net financing costs   (38 827)   (57 219) (32.1)
Financial income   15 866   11 370  
Financial expense   (54 693)   (68 589)  
           
Profit before tax   484 153   297 915 62.5
Income tax expense   129 965   74 796 73.8
Profit for the year from
 continuing operations
  354 188   223 119 58.7
Discontinued operations          
Profit for the year from
 discontinued operations
2 26 320   22 871 15.1
Total profit for the year   380 508   245 990 54.7
Undiluted earnings
 per share (cents)
  113.2   71.4 58.5
Diluted earnings
 per share (cents)
  109.9   69.4 58.4
Distributions per share (cents)          
– interim paid   15.0   11.2 33.9
– final declared/paid   33.2   22.0 50.9
    48.2   33.2 45.2
           
    Year to   Year to  
    31 August 2007   31 August 2006 %
R’000   (reviewed)   (audited) change
Profit for the year   380 508   245 990  
Adjustments for          
   Impairment of property,
    plant and equipment
    3 159  
   Goodwill impairment   250   1 254  
   Profit/(loss) on disposal
   of property, plant and
    equipment
  (23 836)   1 209  
Headline earnings   356 922   251 612 41.9
Undiluted headline earnings
 per share (cents)
  106.1   73.1 45.1
Diluted headline earnings
 per share (cents)
  103.0   71.0 45.1