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.