Financial results

Reviewed Group results
for the six months ended 31 December 2013 and interim cash dividend

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Commentary |  System-wide turnover analysis |  Condensed Group statements of comprehensive income | 
Condensed Group statements of financial position |  Store network |  Condensed Group statement of cash flows | 
Group statement of changes in equity |  Segmental report |  Notes

Condensed Group statement of comprehensive income

For the six months ended 31 December 2013 (Rand millions unless otherwise stated)
  % 
increase 		   Reviewed  
year to  
31 December 		   Audited  
year to  
31 December  		 Audited  
year to  
30 June  
  increase     2013     2012   2013  
Continuing operations              
Turnover       1 372     1 048   2 047  
Cost of sales       (840)    (635)   (1 241) 
Gross profit   29     532     418   806  
Other operating income       128     132   241  
Operating expenses       (288)    (233)  (451) 
Profit(loss) on sale of property, plant and equipment       7     (1)   15  
Trading profit   22     379     311   611  
Financial revenue       5     16   26  
Financial cost       (11)    (12)   (17) 
Income from associates       13     3   11  
Profit before taxation from continuing operations   21     386     320   631  
Taxation       (114)    (87)   (168) 
Profit for the period from continuing operations   17     272     233   463  
Discontinued operations              
Loss/profit after taxation for the year from discontinued operations       (12)    2   1  
Profit for the period   11     260     235   464  
Other comprehensive income, net of taxation              
Items that may be re-classified subsequently to profit or loss:              
Currency translation difference      2     2   13  
Other comprehensive income from associates     —     2   —  
Total comprehensive income for the period 10     262     239   477  
Profit attributable to:              
– Equity shareholders of the parent       251     222   444  
– Non-controlling interests       9     13   20  
  11     250     235   464  
Total comprehensive income attributable to:              
– Equity shareholders of the parent       253     226   457  
– Non-controlling interests       9     13   20  
  10     262     239   477  
Earnings per share: (all figures in cents)             
– Earnings per share   13     27,3     24,2   48,3  
– Headline earnings per share   15     27,8     24,3   47,4  
– Diluted earnings per share   11     26,6     24,1   48,2  
– Diluted headline earnings per share   12     27,1     24,2   47,3  
Earnings per share from continuing operations (all figures in cents):             
– Earnings per share   19     28,6     23,9   48,2  
– Headline earnings per share   16     28,0     24,0   47,3  
– Diluted earnings per share   17     27,9     23,8   48,1  
– Diluted headline earnings per share   14     27,4     23,9   47,2  
– Dividends per share   13     9,0     8,0   16,0