Summarised Group Statement of Comprehensive Income
six months ended 30 November 2009
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30 November 2009 |
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30 November 2008 |
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Reviewed |
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Reviewed |
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R’000 |
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R’000 |
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Revenue |
8 401 960 |
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|
7 573 458 |
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Other income |
36 460 |
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|
25 226 |
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Cost of inventories sold |
(7 780 524) |
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|
(7 049 489) |
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Employee compensation and benefit expense |
(151 326) |
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(125 639) |
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Depreciation, amortisation and impairment charges |
(68 499) |
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|
(45 377) |
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Other expenses |
(138 741) |
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(127 960) |
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Operating profit |
299 330 |
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|
250 219 |
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Finance income |
63 499 |
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|
103 858 |
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Finance expense |
(63 105) |
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|
(50 119) |
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Share of loss in associates |
(11 897) |
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(14 082) |
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Profit for the period before taxation |
287 827 |
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|
289 876 |
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Taxation |
(100 874) |
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(90 186) |
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Net profit for the period |
186 953 |
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|
199 690 |
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Other comprehensive income: |
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Exchange losses on translation of equity loans |
(3 308) |
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— |
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Exchange (losses)/gains on translation of foreign operations |
(37) |
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|
1 299 |
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Foreign currency translation reserve reclassified to profit or loss |
(506) |
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— |
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Other comprehensive (loss)/income for the year, net of tax |
(3 851) |
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1 299 |
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Total comprehensive income for the year |
183 102 |
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|
200 989 |
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Net profit for the period attributable to: |
186 953 |
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|
199 690 |
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Equity holders of parent |
176 915 |
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198 158 |
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Minorities interest |
10 038 |
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|
1 532 |
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Total comprehensive income for the period attributable to: |
183 102 |
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|
200 989 |
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Equity holders of parent |
173 198 |
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|
200 011 |
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Minorities interest |
9 904 |
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978 |
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Earnings per share for profit attributable to equity holders (cents) |
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– Basic |
23,31 |
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25,86 |
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– Headline |
23,38 |
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26,06 |
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– Diluted basic** |
23,09 |
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25,86 |
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– Diluted headline** |
23,15 |
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26,05 |
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Weighted average number of shares |
758 921 476 |
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766 231 733 |
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Number of shares in issue |
766 360 894 |
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766 360 894 |
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| ** |
Dilutive earnings per share and dilutive headline earnings per share are calculated by adjusting the weighted average number
of ordinary shares outstanding for the number of shares that would be issued on vesting under the employee forfeitable
share plan. |
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Unaudited reconciliation between net profit and core |
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net profit for the period: |
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Net profit for the period |
186 953 |
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199 690 |
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Amortisation on intangibles raised through business combinations |
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net of tax |
18 357 |
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18 857 |
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Core net profit for the period |
205 310 |
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|
218 547 |
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Core net profit for the period attributable to: |
205 310 |
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|
218 547 |
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Equity holders of parent |
194 208 |
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|
215 926 |
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Minorities interest |
11 102 |
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2 621 |
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– Core earnings per share (cents)* |
25,59 |
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28,18 |
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* Core earnings per share is calculated after adding back the amortisation of intangible assets as a consequence of the purchase |
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price allocations exercised in terms of IFRS 3: Business Combinations. |
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