annual financial statements

income statements
for the year ended 31 March 2006

Group Company
        2006 2005 2006 2005  
    Notes   Rm Rm Rm Rm  
Revenue       2 874.5 2 511.2 – –  
Merchandise sales       1 567.8 1 351.9 – –  
Finance charges earned       674.4 605.0 – –  
Insurance premiums earned   16   400.4 357.6 – –  
Services rendered       231.9 196.7 – –  
Cost of merchandise sales   17   (1 020.6) (885.0) – –  
Operating costs       (1 183.7) (1 043.5) (3.3) (2.4)  
Employment costs   18.1   (439.9) (406.0) – –  
Share-based payments   18.2   (58.7) (10.8) – –  
Administration and IT       (152.3) (134.5) – –  
Bad debts and impairment provision   19   (115.5) (101.6) – –  
Marketing       (89.1) (79.6) – –  
Occupancy costs       (98.3) (87.9) – –  
Transport and travel       (98.4) (85.6) – –  
Depreciation       (35.0) (36.9) – –  
Other operating costs       (96.5) (100.6) (3.3) (2.4)  
                 
Operating profit   21   670.2 582.7 (3.3) (2.4)  
Investment income   22   28.9 37.6 165.2 63.6  
Profit before finance costs       699.1 620.3 161.9 61.2  
Interest received   23.2   5.9 12.1 – –  
Interest paid   23.1   (18.7) (54.8) – –  
Profit before taxation       686.3 577.6 161.9 61.2  
Taxation   24   (237.6) (182.4) – –  
Net profit attributable to ordinary shareholders       448.7 395.2 161.9 61.2  
Earnings per share (cents)   25   461.2 395.2      
Diluted earnings per share (cents)   25   460.2 395.2      
Dividends paid per share (cents)       162.0 61.0      
Dividends declared per share (cents)       225.0 135.0