Audited results for the year ended
31 May 2014

Summarised group statement of comprehensive income

For the year ended 31 May	2014 R’000	2013 R’000
Revenue	19 401 666	18 984 210
Other income	26 692	16 137
Change in inventories of finished goods	(18 052 132)	(17 712 965)
Employee compensation and benefit expense	(332 542)	(332 901)
Depreciation, amortisation and impairment charges	(65 137)	(67 951
Other expenses	(255 691)	(240 859)
Operating profit	722 856	645 671
Finance costs	(166 876)	(167 096)
Finance income	156 250	173 260
Share of loss from associates and joint ventures	(56 873)	(47 326)
Net profit before taxation	655 357	604 509
Taxation	(206 442)	(196 404)
Net profit for the year	448 915	408 105
Other comprehensive income:
Exchange profits on translation of foreign operations	25 637	87 888
Other comprehensive profit for the year, net of tax	25 637	87 888
Total comprehensive income for the year	474 552	495 993
Net profit for the year attributable to:	448 915	408 105
Equity holders of the parent	450 230	424 841
Non-controlling interest	(1 315)	(16 736)
Total comprehensive income for the year attributable to:	474 552	495 993
Equity holders of the parent	475 889	512 441
Non-controlling interest	(1 337)	(16 448)
Earnings per share for profit attributable to equity holders (cents)
Basic earnings per share (cents)	67,88	64,22
Diluted earnings per share** (cents)	66,86	63,19
Dividend per share (cents)	25,00	23,00
Weighted average number of shares	663 298 476	661 577 847
Diluted weighted average number of shares	672 311 571	672 304 611
Number of shares in issue	674 509 042	674 509 042
Headline earnings per share (cents)	67,98	64,17
Diluted headline earnings per share** (cents)	66,96	63,14
Reconciliation between net profit and core net profit for the year:
Net profit for the year attributable to equity holders of the parent	450 230	424 841
Amortisation on intangible assets raised through business combinations net of tax and net of non-controlling interest	10 372	12 675
Core net profit for the year	460 602	437 516
– Core earnings per share (cents)*	69,44	66,13

*	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.
**	Diluted earnings per share and diluted 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.