| |
|
|
|
| |
6 months |
6 months |
12 months |
| |
ended |
ended |
ended |
| |
30 Sep |
30 Sep |
31 March |
| |
2011 |
2010 |
2011 |
| Operating efficiency ratios |
|
|
|
| Gross profit margin % |
38.5% |
35.1% |
36.3% |
| Operating profit margin % |
21.9% |
22.0% |
23.0% |
| Number of stores |
593 |
565 |
582 |
| Number of permanent employees (average) |
6 981 |
6 785 |
6 842 |
| Trading space (sqm) |
231 290 |
228 290 |
231 184 |
| Inventory turn |
4.7 |
5.2 |
5.7 |
| Current ratio |
3.3 |
3.3 |
3.4 |
| Credit ratios |
|
|
|
| Credit sales % |
73.2% |
71.7% |
71.4% |
| Debtor costs as a % of net debtors |
5.1% |
4.8% |
10.2% |
| Debtors' impairment provision as a % of net debtors |
19.8% |
18.4% |
16.8% |
| Arrear instalments on satisfactory accounts as a percentage of net debtors |
10.1% |
9.4% |
10.1% |
Arrear instalments on slow-paying and non-performing accounts as a percentage
of net debtors |
23.9% |
22.6% |
19.9% |
| Debtors' impairment provision on non-performing accounts |
81.2% |
79.7% |
78.8% |
| Credit applications decline rate |
32.4% |
31.1% |
31.5% |
| Shareholder ratios |
|
|
|
| Net asset value per share (cents) |
4 404 |
3 924 |
4 225 |
| Gearing ratio |
26.7% |
25.7% |
26.8% |
| Dividend cover |
2.0 |
1.9 |
2.0 |
| Return on average equity (after-tax) |
17.6% |
17.6% |
20.3% |
| Return on average capital employed (after-tax) |
14.6% |
15.6% |
17.2% |
| Return on average assets managed (pre-tax) |
18.6% |
19.8% |
21.8% |
| Notes: |
|
|
|
| 1. |
All ratios are based on figures at the end of the period unless otherwise
disclosed. |
| 2. |
The net asset value has been calculated using 88 538 000
shares in issue (2010: 88 238 000). |
| 3. |
The total assets exclude the deferred tax asset. |
|
|
