Financial results

Reviewed Group Results
For the year ended 30 June 2010

Download the entire paid announcement 

Commentary | Turnover analysis | Income statements | Segmental reporting | Balance sheets 
Statement of changes in equity | Cash flow statement | Notes | Store network


1. Commitments and contingencies
- There are no material contingent liabilities or assets at 30 June 2010
  Capital commitments at 30 June 2010 Rm

  – Contracted 77
  – Authorised, not contracted 63


2.  Share issue in lieu of dividend
As announced on 31 March 2010, as a consequence of the special dividend declaration on 18 February 2010, 123 532 370 shares were issued in lieu of dividend at the option of shareholders. This has impacted on the comparability of certain figures, in particular earnings per share and net asset value per share. As a result, adjusted headline earnings and net asset value per share figures have been presented for comparative purposes (assuming the share issue in lieu of dividend took place at the beginning of the 2009 financial year).

3.  Changes in accounting policies
The accounting policies adopted and methods of computation are consistent with those of the previous financial year except for the adoption of new and amended IFRS and IFRIC interpretations which became effective during the current financial year. The application of these standards and interpretations did not have a significant impact on the Group’s reported results and cash flows for the year ended 30 June 2010 and the financial position at 30 June 2010. The following standards will however have an impact on disclosures presented in the annual financial statements for the year ended 30 June 2010:  – IFRS 8, Operating Segments; and IAS 1 Revised, Presentation of Financial Statements.

In terms of the articles of association, the company’s borrowing facilities are unlimited.