Summarised Group Statement of Comprehensive Income

for the year ended 31 May

	2011	2010
	R’000	R’000
Continuing operations
Revenue	18 064 572	15 939 764
Other income	7 197	41 969
Changes in inventories of nished goods	(16 996 939)	(14 923 221)
Employee compensation and benefit expense	(263 360)	(272 134)
Depreciation, amortisation and impairment charges	(145 985)	(115 113)
Other expenses	(213 738)	(216 721)
Operating profit	451 747	454 544
Finance costs	(115 845)	(107 127)
Finance income	146 429	161 018
Share of losses from associates and joint ventures	(2 757)	(14 982)
Net profit before taxation	479 574	493 453
Taxation	(152 176)	(165 536)
Net profit from continuing operations	327 398	327 917
Discontinued operations
Net profit for the year from discontinued operations	57 573	97 264
Net profit for the year	384 971	425 181
Other comprehensive income:
Exchange losses on translation of equity loans	(4 926)	(2 063)
Exchange losses on translation of foreign operations	(6 550)	(5 659)
Foreign currency translation reserve reclassified to profit or loss	4 219	(1 328)
Other comprehensive loss for the year, net of tax	(7 257)	(9 050)
Total comprehensive income for the year	377 714	416 131
Net profit for the year attributable to:
Equity holders of the parent	431 448	365 022
– From continuing operations	337 547	328 570
– From discontinued operations	93 901	36 452
Non-controlling interest	(46 477)	60 159
– From continuing operations	(10 149)	(653)
– From discontinued operations	(36 328)	60 812
Total comprehensive income for the year attributable to:	377 714	416 131
Equity holders of the parent	430 538	355 580
Non-controlling interest	(52 824)	60 551
Earnings per share for profit attributable to equity holders (cents)
Basic earnings per share	57,04	48,17
– From continuing operations	44,63	43,36
– From discontinued operations	12,41	4,81
Diluted earnings per share	56,49	47,96
– From continuing operations	44,08	43,15
– From discontinued operations	12,41	4,81

Headline earnings per share	46,20	48,27
– From continuing operations	50,12	43,46
– From discontinued operations	(3,92)	4,81
Diluted headline earnings per share	45,75	48,06
Weighted average number of shares	756 359 399	757 793 428
Number of shares in issue	756 269 004	756 659 181
Diluted weighted average number of shares*	763 742 466	761 159 181
* Diluted earnings per share and diluted headline earnings per share is calculated by adjusting the number of
shares in issue by the number of shares that would be issued on vesting under the forfeitable share plan.
Reconciliation between net profit and core net profit for the year
Net profit for the year attributable to equity holders of the parent	431 448	365 022
Amortisation of intangible assets raised through business
combinations net of tax and non-controlling interest	24 975	31 623
Core net profit attributable to equity holders of the parent	456 423	396 645
– Core earnings per share (cents)**	60,34	52,34
** Core earnings per share is calculated after adding back the amortisation of intangible assets as a consequence
of the purchase price allocations completed in terms of IFRS 3 (R): Business Combinations.