Financial results
Reviewed Group Results
For the year ended 30 June 2008
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Commentary | Turnover analysis | Income statements | Segmental reporting | Balance sheets
Statement of changes in equity | Cash flow statement | Notes | Store network
Abridged Group income statements
for the year ended 30 June 2008
| (Rand million unless otherwise stated) | % increase |
Reviewed year to 30 June 2008 |
Audited year to 30 June 2007 |
| Trading profit before depreciation | 463 | 427 | |
| BEE share option expense | (25) | — | |
| Depreciation | (41) | (34) | |
| Profit on sale of property, plant and equipment | 2 | — | |
| Trading profit | 2 | 399 | 393 |
| Investment income | 20 | 17 | |
| Profit before interest paid | 419 | 410 | |
| Interest paid | (14) | (2) | |
| Profit before taxation | (1) | 405 | 408 |
| Taxation | (128) | (131) | |
| Profit for the year | — | 277 | 277 |
| Attributable to: | |||
| Equity holders of the parent | 275 | 270 | |
| Minority interests | 2 | 7 | |
| — | 277 | 277 | |
| Number of shares in issue (000’s)* | 793 823 | 797 336 | |
| Earnings per share (cents) | 2 | 34,6 | 33,9 |
| Headline earnings per share (cents) | 1 | 34,4 | 33,9 |
| Adjusted headline earnings per share (cents) | 11 | 37,5 | 33,9 |
| Diluted earnings per share (cents) | 3 | 34,4 | 33,5 |
| Diluted headline earnings per share (cents) | 2 | 34,2 | 33,6 |
| Dividends per share (cents) | 5 | 12,0 | 11,4 |
| RECONCILIATION OF HEADLINE EARNINGS | |||
| Earnings attributable to ordinary shareholders | 275 | 270 | |
| Profit on sale of property, plant and equipment | (2) | — | |
| Headline earnings | 273 | 270 | |
| RECONCILIATION OF SHARES IN ISSUE* | |||
| Total number of shares issued (000’s) | 909 800 | 821 800 | |
| Share Incentive Trust shares (000’s) | (27 977) | (24 464) | |
| BEE treasury shares (000’s) | (88 000) | — | |
| Shares in issue to external parties (000’s) | 793 823 | 797 336 | |