Condensed Statement of Comprehensive Income

  Six months Six months   Year to
  28 February 28 February   31 August
  2010 2009 % 2009
R’000 (unaudited) (unaudited) change (audited)
Revenue 6 861 712 6 278 681 9.3 12 754 202
Turnover 6 565 754 5 994 535 9.5 12 175 312
Cost of merchandise sold (5 109 066) (4 757 073) 7.4 (9 657 930)
Gross profit 1 456 688 1 237 462 17.7 2 517 382
Other income 289 808 276 269 4.9 564 482
Expenses (1 349 710) (1 159 148) 16.4 (2 372 694)
  Depreciation and amortisation (60 508) (55 314) 9.4 (113 665)
  Occupancy costs (200 808) (171 847) 16.9 (352 055)
  Employment costs (694 079) (551 360) 25.9 (1 156 928)
  Other costs (394 315) (380 627) 3.6 (750 046)
         
Operating profit 396 786 354 583 11.9 709 170
Loss on disposal of property, plant and equipment (1 175) (938)   (7 177)
Profit before financing costs 395 611 353 645 11.9 701 993
Net financing costs (19 379) (35 011) (44.6) (54 773)
  Financial income 6 150 7 877   14 408
  Financial expense (25 529) (42 888)   (69 181)
         
Profit before taxation 376 232 318 634 18.1 647 220
Income tax expense (103 473) (87 610) 18.1 (174 619)
Profit for the period 272 759 231 024 18.1 472 601
Other comprehensive (loss)/income:        
Exchange differences on translation of foreign subsidiaries (467) 357   (285)
Other comprehensive (loss)/income for the period, net of tax (467) 357   (285)
Total comprehensive income for the period 272 292 231 381   472 316
Profit attributable to:        
  Equity holders of the parent 274 109 230 971   472 387
  Non-controlling interest (1 350) 53   214
  272 759 231 024   472 601
Total comprehensive income attributable to:        
  Equity holders of the parent 273 642 231 328   472 102
  Non-controlling interest (1 350) 53   214
  272 292 231 381   472 316
Earnings per share (cents) 100.2 80.5 24.5 165.6
Diluted earnings per share (cents) 99.7 80.0 24.6 163.8
Distributions per share (cents)        
  Interim proposed/paid 30.5 24.5 24.5 24.5
  Final paid   59.5
  30.5 24.5 24.5 84.0
         

Headline Earnings Reconciliation

  Six months Six months   Year to
  28 February 28 February   31 August
  2010 2009 % 2009
R’000 (unaudited) (unaudited) change (audited)
Total profit for the period attributable to equity holders of the parent 274 109 230 971   472 387
Adjustments for        
  Loss on disposal of property, plant and equipment 846 675   6 100
Headline earnings 274 955 231 646 18.7 478 487
Headline earnings per share (cents) 100.5 80.7 24.5 167.7
Diluted headline earnings per share (cents) 100.0 80.3 24.5 165.9