ABRIDGED INCOME STATEMENT
|
| |
|
12 months |
|
12 months |
|
| |
|
ended |
|
ended |
|
| |
|
31 March 2006 |
|
31 March 2005 |
|
| |
|
Rm |
|
Rm |
|
| |
Notes |
Audited |
|
Audited |
|
| 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 |
|
400.4 |
|
357.6 |
|
| Services rendered |
|
231.9 |
|
196.7 |
|
| Cost of merchandise sales |
2 |
(1 020.6) |
|
(885.0) |
|
| Operating costs |
|
(1 183.7) |
|
(1 043.5) |
|
| Employment costs |
|
(439.9) |
|
(406.0) |
|
| Share-based payments |
|
(58.7) |
|
(10.8) |
|
| Administration and IT |
|
(152.3) |
|
(134.5) |
|
| Bad debts and impairment provision |
3 |
(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) |
|
| |
|
|
|
|
|
| Operating profit |
|
670.2 |
|
582.7 |
|
| Investment income |
|
28.9 |
|
37.6 |
|
| Profit before finance costs |
|
699.1 |
|
620.3 |
|
| Net finance costs |
4 |
(12.8) |
|
(42.7) |
|
| Profit before taxation |
|
686.3 |
|
577.6 |
|
| Taxation |
|
(237.6) |
|
(182.4) |
|
| Net profit attributable to ordinary shareholders |
|
448.7 |
|
395.2 |
|
| Reconciliation of headline earnings |
|
|
|
|
|
| Net profit attributable to ordinary shareholders |
|
448.7 |
|
395.2 |
|
| Adjusted for |
|
|
|
|
|
| Profit on disposal of property, plant and equipment |
|
(6.0) |
|
(3.9) |
|
| Profit on disposal of available-for-sale assets |
|
(5.8) |
|
(2.8) |
|
| Impairment of available-for-sale assets |
|
12.3 |
|
– |
|
| Taxation |
|
2.8 |
|
1.6 |
|
| Headline earnings |
|
452.0 |
|
390.1 |
|
| Number of ordinary shares (000) |
|
|
|
|
|
| In issue |
|
100 000 |
|
100 000 |
|
| Weighted average |
|
97 300 |
|
100 000 |
|
| Fully diluted weighted average |
|
97 501 |
|
100 000 |
|
| |
|
|
|
|
|
| Earnings per share (cents) |
|
461.2 |
|
395.2 |
|
| Headline earnings per share (cents) |
|
464.5 |
|
390.1 |
|
| Fully diluted earnings per share (cents) |
|
460.2 |
|
395.2 |
|
| Fully diluted headline earnings per share (cents) |
|
463.6 |
|
390.1 |
|
