| |
|
|
|
|
| |
|
|
|
12 months |
| |
|
12 months |
|
ended |
| |
|
ended |
|
31 March |
| |
|
31 March |
|
2009 |
| |
|
2010 |
|
Rm |
| |
|
Rm |
% |
Audited |
| |
Notes |
Audited |
change |
Restated |
| Revenue |
|
4 110.6 |
8.0% |
3 807.1 |
| Merchandise sales |
|
2 045.5 |
|
1 919.9 |
| Finance charges earned |
|
907.1 |
|
826.6 |
| Insurance premiums earned |
|
616.0 |
|
581.4 |
| Ancillary services |
|
542.0 |
|
479.2 |
| Cost of merchandise sales |
|
(1 330.6) |
|
(1 318.3) |
| Operating costs |
|
(1 872.8) |
|
(1 656.5) |
| Employment costs |
|
(607.4) |
|
(542.0) |
| Administration and IT |
|
(194.7) |
|
(176.0) |
| Debtor costs |
2 |
(434.2) |
|
(338.8) |
| Marketing |
|
(134.3) |
|
(124.0) |
| Occupancy costs |
|
(165.1) |
|
(150.5) |
| Transport and travel |
|
(135.9) |
|
(138.8) |
| Depreciation |
|
(46.3) |
|
(47.3) |
| Other operating costs |
|
(154.9) |
|
(139.1) |
| |
|
|
|
|
| Operating profit |
|
907.2 |
9.0% |
832.3 |
| Investment income |
|
77.5 |
|
76.9 |
| Profit before finance costs |
|
984.7 |
|
909.2 |
| Net finance costs |
3 |
(121.2) |
|
(86.5) |
| Profit before taxation |
|
863.5 |
|
822.7 |
| Taxation |
|
(272.1) |
|
(261.5) |
| Net profit attributable to ordinary shareholders |
|
591.4 |
5.4% |
561.2 |
| Reconciliation of headline earnings |
|
|
|
|
| Net profit attributable to ordinary shareholders |
|
591.4 |
|
561.2 |
| Adjusted for |
|
|
|
|
| |
Surplus on disposal of property, plant and equipment |
|
(6.5) |
|
(3.6) |
| |
Surplus on disposal of available-for-sale investments |
|
(23.6) |
|
(2.6) |
| |
Tax effect |
|
4.2 |
|
1.2 |
| Headline earnings |
|
565.5 |
1.7% |
556.2 |
| Number of ordinary shares (000) |
|
|
|
|
| In issue |
|
98 058 |
|
98 058 |
| Weighted average |
|
88 002 |
|
88 209 |
| Diluted weighted average |
|
88 330 |
|
88 633 |
| Earnings per share (cents) |
|
672.0 |
5.6% |
636.2 |
| Headline earnings per share (cents) |
|
642.6 |
1.9% |
630.5 |
| Diluted earnings per share (cents) |
|
669.5 |
|
633.2 |
| Diluted headline earnings per share (cents) |
|
640.2 |
|
627.5 |
| |
|
|
|
|
| |
|
|
|
|
| STATEMENT OF COMPREHENSIVE INCOME |
|
|
|
| |
|
|
|
12 months |
| |
|
|
12 months |
ended |
| |
|
|
ended |
31 March |
| |
|
|
31 March |
2009 |
| |
|
|
2010 |
Rm |
| |
|
|
Rm |
Audited |
| |
|
|
Audited |
Restated |
| Net profit for the year |
|
|
591.4 |
561.2 |
| Fair value adjustments of available-for-sale investments |
87.1 |
(40.0) |
| |
Fair value adjustments of available-for-sale investments |
99.4 |
(47.6) |
| |
Tax effect |
(12.3) |
7.6 |
| Disposal of available-for-sale investments recognised |
(21.3) |
2.4 |
| |
Disposal of available-for-sale investments |
(23.6) |
2.6 |
| |
Tax effect |
2.3 |
(0.2) |
| Foreign currency translation reserve |
(7.4) |
4.4 |
| Total comprehensive income for the year |
649.8 |
528.0 |
