Consolidated statement of comprehensive income

  Year to Year to  
  31 August 31 August  
  2012 2011 %
R'000 (reviewed) (audited) change
Revenue 16 243 377 14 833 118 9.5
Turnover 15 436 947 14 135 948 9.2
Cost of merchandise sold (11 961 536) (10 879 173) 9.9
Gross profit 3 475 411 3 256 775 6.7
Other income 800 554 688 935 16.2
Total income 4 275 965 3 945 710 8.4
Expenses (3 264 637) (3 008 120) 8.5
  Depreciation and amortisation (171 535) (149 714) 14.6
  Occupancy costs (471 897) (422 596) 11.7
  Employment costs (1 582 459) (1 496 491) 5.7
  Other costs (1 038 746) (939 319) 10.6
       
Operating profit 1 011 328 937 590 7.9
Loss on disposal of property, plant and equipment (6 578) (6 250)  
Profit before financing costs 1 004 750 931 340 7.9
Net financing costs (46 396) (33 626) 38.0
  Financial income 5 876 8 235 (28.6)
  Financial expense (52 272) (41 861) 24.9
       
Profit before taxation 958 354 897 714 6.8
Income tax expense (269 974) (246 749) 9.4
Profit for the year 688 380 650 965 5.7
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  
Earnings per share (cents) 272.0 248.3 9.5
Diluted earnings per share (cents) 271.9 248.0 9.6

Headline earnings reconciliation

  Year to Year to  
  31 August 31 August  
  2012 2011 %
R'000 (reviewed) (audited) change
Total profit for the year 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 5.6
Headline earnings per share (cents) 273.5 250.1 9.4
Diluted headline earnings per share (cents) 273.4 249.7 9.5