Lewis Group Unaudited Interim Results
for the six months ended 30 September 2006
income statement |
6 months | 6 months | 12 months | ||||||
| ended | ended | ended | |||||||
| 30 Sept 2006 | 30 Sept 2005 | 31 March 2006 | |||||||
| Rm | % | Rm | Rm | ||||||
| Notes | Unaudited | change | Unaudited | Audited | |||||
| Revenue | 1 545.1 | 16.0 | 1 332.2 | 2 874.5 | |||||
| Merchandise sales | 834.4 | 724.0 | 1 567.8 | ||||||
| Finance charges earned | 369.0 | 313.9 | 674.4 | ||||||
| Insurance premiums earned | 212.8 | 186.6 | 400.4 | ||||||
| Services rendered | 128.9 | 107.7 | 231.9 | ||||||
| Cost of merchandise sales | 2 | (548.2) | (467.3) | (1 020.6) | |||||
| Operating costs | (628.1) | 2.3 | (613.9) | (1 183.7) | |||||
| Employment costs | (237.1) | (214.4) | (439.9) | ||||||
| Share-based payments | (1.4) | (58.4) | (58.7) | ||||||
| Administration and IT | (79.7) | (76.2) | (152.3) | ||||||
| Debtor costs | 3 | (70.7) | (50.7) | (115.5) | |||||
| Marketing | (52.9) | (48.5) | (89.1) | ||||||
| Occupancy costs | (55.5) | (46.8) | (98.3) | ||||||
| Transport and travel | (54.8) | (48.6) | (98.4) | ||||||
| Depreciation | (23.0) | (21.5) | (35.0) | ||||||
| Other operating costs | (53.0) | (48.8) | (96.5) | ||||||
| Operating profit | 368.8 | 46.9 | 251.0 | 670.2 | |||||
| Investment income | 20.1 | 19.2 | 28.9 | ||||||
| Profit before finance income/costs | 388.9 | 270.2 | 699.1 | ||||||
| Net finance income/(costs) | 4 | 3.3 | (5.3) | (12.8) | |||||
| Profit before taxation | 392.2 | 48.1 | 264.9 | 686.3 | |||||
| Taxation | (131.4) | (103.3) | (237.6) | ||||||
| Net profit attributable to ordinary | |||||||||
| shareholders | 260.8 | 61.4 | 161.6 | 448.7 | |||||
| Reconciliation of headline earnings | |||||||||
| Net profit attributable to ordinary | |||||||||
| shareholders | 260.8 | 161.6 | 448.7 | ||||||
| Adjusted for: | |||||||||
| Surplus on disposal of property, plant | |||||||||
| and equipment | (2.4) | (2.5) | (6.0) | ||||||
| Disposal/impairment of available- | |||||||||
| for-sale assets | (0.3) | (1.2) | (5.8) | ||||||
| Impairment of available-for-sale | |||||||||
| assets | – | – | 12.3 | ||||||
| Taxation effect | 0.7 | 0.9 | 2.8 | ||||||
| Headline earnings | 258.8 | 63.0 | 158.8 | 452.0 | |||||
| Number of ordinary shares (000) | |||||||||
| In issue | 100 000 | 100 000 | 100 000 | ||||||
| Weighted average | 93 100 | 98 878 | 97 300 | ||||||
| Fully diluted weighted average | 93 421 | 99 004 | 97 501 | ||||||
| Earnings per share (cents) | 280.1 | 71.4 | 163.4 | 461.2 | |||||
| Headline earnings per share | |||||||||
| (cents) | 278.0 | 73.1 | 160.6 | 464.5 | |||||
| Fully diluted earnings per share | |||||||||
| (cents) | 279.2 | 163.2 | 460.2 | ||||||
| Fully diluted headline earnings | |||||||||
| per share (cents) | 277.0 | 160.4 | 463.6 |