committees primary performance target for the consideration of annual bonus

Committees primary performance target for the

This preview shows page 36 - 38 out of 60 pages.

committee’s primary performance target for the consideration of annual bonus awards (refer to page 104) Audited As reported 53 weeks to 3 March 2019 1 Rm Week 53 2 Rm Pro forma 52 weeks to 24 February 2019 3 Rm % of turnover 2019 comparable % change Restated As reported 52 weeks to 25 February 2018 # Rm % of turnover Revenue 90 465.0 2 045.1 88 419.9 7.2 82 489.6 Turnover 88 293.2 2 022.0 86 271.2 7.1 80 523.5 Cost of merchandise sold (71 539.3) (1 685.2) (69 854.1) 7.0 (65 294.6) Gross profit 16 753.9 336.8 16 417.1 19.0 7.8 15 228.9 18.9 Other income 1 913.0 23.1 1 889.9 2.2 6.1 1 782.0 2.2 Franchise fee income 399.1 9.2 389.9 0.5 (2.5) 400.1 0.5 Operating lease income 527.8 527.8 0.6 18.3 446.1 0.6 Commissions and other income 986.1 13.9 972.2 1.1 3.9 935.8 1.2 Trading expenses (16 491.3) (233.3) (16 258.0) 18.8 7.0 (15 191.0) 18.9 Employee costs (7 238.9) (136.9) (7 102.0) 8.2 6.2 (6 688.7) 8.3 Occupancy (3 326.8) (27.3) (3 299.5) 3.8 6.9 (3 086.6) 3.8 Operations (3 515.5) (52.5) (3 463.0) 4.0 8.9 (3 178.8) 3.9 Merchandising and administration (2 410.1) (16.6) (2 393.5) 2.8 7.0 (2 236.9) 2.8 Trading profit 2 175.6 126.6 2 049.0 2.4 12.6 1 819.9 2.3 Net interest paid (90.5) (90.5) 0.1 (38.5) (147.1) 0.2 Share of associate’s income 109.0 109.0 0.1 (6.3) 116.3 0.1 Profit before tax before capital items 2 194.1 126.6 2 067.5 2.4 15.6 1 789.1 2.2 Profit/(loss) on capital items 5.7 5.7 (21.0) Profit before tax 2 199.8 126.6 2 073.2 2.4 17.3 1 768.1 2.2 Tax (550.3) (31.7) (518.6) 0.6 (471.8) 0.6 Profit for the period 1 649.5 94.9 1 554.6 1.8 19.9 1 296.3 1.6 Headline earnings 1 647.2 94.9 1 552.3 1.8 18.3 1 312.1 1.6 Earnings per share Cents Cents Cents % change Cents Basic earnings per share 347.17 19.97 327.20 19.6 273.64 Diluted earnings per share 342.85 19.73 323.12 20.4 268.33 Headline earnings per share 346.69 19.98 326.71 18.0 276.98 Diluted headline earnings per share 342.37 19.72 322.65 18.8 271.61 South Africa operating segment Rm Rm Rm % change Rm Total segment revenue 86 541.0 1 972.2 84 568.8 7.5 78 703.5 Segmental external turnover 84 401.4 1 949.5 82 451.9 7.4 76 765.6 Profit before tax before capital items 1 939.1 113.6 1 825.5 21.6 1 501.2 Profit before tax 1 945.5 113.6 1 831.9 23.8 1 480.2 Rest of Africa operating segment Rm Rm Rm % change Rm Total segment revenue 4 838.9 89.5 4 749.4 2.2 4 648.1 Segmental external turnover 3 891.8 72.5 3 819.3 1.6 3 757.9 Profit before tax before capital items 255.0 13.0 242.0 (15.9) 287.9 Profit before tax 254.3 13.0 241.3 (16.2) 287.9 1 Extracted from the audited Group result for the 53 weeks ended 3 March 2019. 2 Presents the financial impact of the week from 25 February 2019 to 3 March 2019 (the 53 rd week) – refer to page 73 for more information. 3 Extracted from the Appendix to the annual financial statements, in respect of pro forma information for the 52 weeks ended 24 February 2019. # Prior year amounts restated for the adoption of new accounting standards. Refer to note 29 of the Group’s audited annual financial statements. The following summarised financial information has been extracted from the Group’s audited annual financial statements for the 53-week period ended 3 March 2019. The Group’s audited annual financial statements, including the Appendix containing pro forma information, are available on our website:
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70 71 5 OUR PERFORMANCE Integrated Annual Report 2019 5 OUR PERFORMANCE SUMMARY OF FINANCIAL POSITION As at 3 March 2019 Rm Restated* As at 25 February 2018 Rm ASSETS Non-current assets Property, plant and equipment 6 189.3 6 054.4 Intangible assets 970.6 991.3 Operating lease assets 252.1 227.3 Deferred tax assets 303.4 194.8 Investment in associate 184.4 365.6 Loans 102.0 79.3 Retirement scheme assets 72.2 97.6 Investment in insurance cell captive 35.2 25.7 Trade and other receivables 82.3 105.4 8 191.5 8 141.4
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