| |
|
6 months |
|
6 months |
12 months |
|
| |
|
ended |
|
ended |
ended |
|
| |
|
30 Sept 2008 |
|
30 Sept 2007 |
31 Mar 2008 |
|
| |
|
Rm |
|
Rm |
Rm |
|
| |
Notes |
Unaudited |
% Change |
Unaudited |
Audited |
|
| Revenue |
|
1 803.4 |
5.0% |
1 717.6 |
3 596.4 |
|
| Merchandise sales |
|
890.3 |
|
896.8 |
1 889.7 |
|
| Finance charges earned |
|
394.8 |
|
397.5 |
794.9 |
|
| Insurance premiums earned |
|
295.7 |
|
249.7 |
564.2 |
|
| Ancillary services |
|
222.6 |
|
173.6 |
347.6 |
|
| Cost of merchandise sales |
|
(595.8) |
|
(590.6) |
(1 272.1) |
|
| Operating costs |
|
(796.6) |
|
(704.4) |
(1 393.9) |
|
| Employment costs |
|
(268.1) |
|
(265.0) |
(504.2) |
|
| Administration and IT |
|
(84.9) |
|
(83.7) |
(167.0) |
|
| Debtor costs |
2 |
(142.6) |
|
(82.7) |
(190.4) |
|
| Marketing |
|
(67.2) |
|
(62.0) |
(107.1) |
|
| Occupancy costs |
|
(71.8) |
|
(65.0) |
(135.1) |
|
| Transport and travel |
|
(71.1) |
|
(60.7) |
(127.3) |
|
| Depreciation |
|
(27.5) |
|
(25.4) |
(40.9) |
|
| Other operating costs |
|
(63.4) |
|
(59.9) |
(121.9) |
|
| |
|
|
|
|
|
|
| Operating profit |
|
411.0 |
(2.7%) |
422.6 |
930.4 |
|
| Investment income |
|
32.4 |
|
29.9 |
71.7 |
|
| Profit before finance costs |
|
443.4 |
|
452.5 |
1 002.1 |
|
| Net finance costs |
3 |
(38.4) |
|
(25.2) |
(56.8) |
|
| Profit before taxation |
|
405.0 |
|
427.3 |
945.3 |
|
| Taxation |
|
(131.7) |
|
(142.1) |
(303.0) |
|
| Net profit attributable to ordinary shareholders |
273.3 |
(4.2%) |
285.2 |
642.3 |
|
| Reconciliation of headline earnings |
|
|
|
|
|
|
| Net profit attributable to ordinary shareholders |
|
273.3 |
|
285.2 |
642.3 |
|
| Adjusted for |
|
|
|
|
|
|
| |
Surplus on disposal of property, plant and equipment |
|
(2.0) |
|
(2.4) |
(4.5) |
|
| |
Surplus on disposal of available-for-sale assets |
|
(1.2) |
|
(6.7) |
(22.1) |
|
| |
Taxation |
|
0.7 |
|
1.7 |
2.2 |
|
| Headline earnings |
|
270.8 |
(2.5%) |
277.8 |
617.9 |
|
| Number of ordinary shares (000) |
|
|
|
|
|
|
| In issue |
|
98 058 |
|
99 158 |
99 158 |
|
| Weighted average |
|
88 595 |
|
90 056 |
89 583 |
|
| Fully diluted weighted average |
|
88 880 |
|
90 488 |
89 803 |
|
| Earnings per share (cents) |
|
308.5 |
|
316.7 |
717.0 |
|
| Headline earnings per share (cents) |
|
305.7 |
(0.9%) |
308.5 |
689.8 |
|
| Fully diluted earnings per share (cents) |
|
307.5 |
|
315.2 |
715.2 |
|
| Fully diluted headline earnings per share (cents) |
304.7 |
(0.8%) |
307.0 |
688.1 |
|
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