| Years ended | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
| No. of weeks | 52 | 53 | 52 | 52 | 52 | 52 | 52 | 53 | 52 | 52 | 52 |
| Profitability | |||||||||||
| Retail turnover (Rm) | 7 230,0 | 6 432,1 | 5 279,3 | 4 410,0 | 3 880,6 | 3 289,9 | 2 980,5 | 2 646,5 | 2 514,3 | 2 399,3 | 2 256,5 |
| Operating profit before finance charges (Rm) | 1 887,0 | 1 567,3 | 1 204,8 | 814,6 | 582,0 | 348,5 | 202,7 | 333,7 | 337,8 | 338,7 | 300,1 |
| Profit attributable to equity holders of Foschini Limited (Rm) | 1 119,2 | 986,9 | 767,0 | 516,9 | 359,5 | 199,9 | 116,0 | 233,3 | 211,2 | 193,0 | 165,1 |
| Headline earnings (Rm) | 1 119,2 | 986,9 | 767,0 | 523,4 | 364,8 | 203,0 | 119,1 | 233,3 | 211,2 | 191,6 | 165,1 |
| Balance sheet | |||||||||||
| Non-current assets (Rm) | 2 160,4 | 1 536,5 | 1 438,1 | 1 096,6 | 754,7 | 965,5 | 1 107,7 | 805,6 | 800,8 | 775,8 | 711,0 |
| Current assets (Rm) | 4 623,3 | 4 311,8 | 3 422,1 | 2 794,1 | 2 630,6 | 2 120,6 | 1 781,3 | 1 797,2 | 1 517,6 | 1 461,9 | 1 249,8 |
| Total assets (Rm) | 6 783,7 | 5 848,3 | 4 860,2 | 3 890,7 | 3 385,3 | 3 086,1 | 2 889,0 | 2 602,8 | 2 318,4 | 2 237,7 | 1 960,8 |
| Total shareholders’ interest (Rm) | 3 823,6 | 3 267,9 | 2 641,8 | 2 291,4 | 2 077,0 | 1 830,1 | 1 775,1 | 1 755,7 | 1 544,3 | 1 349,0 | 1 156,0 |
| Minority interest (Rm) | 181,3 | 88,9 | 16,0 | 10,1 | 5,1 | 8,6 | – | – | – | – | – |
| Non-current liabilities (Rm) | 1 282,4 | 1 064,2 | 833,8 | 554,5 | 514,7 | 625,2 | 599,3 | 376,2 | 324,7 | 415,8 | 397,2 |
| Current liabilities (Rm) | 1 496,4 | 1 427,3 | 1 368,6 | 1 034,7 | 788,5 | 622,2 | 514,6 | 470,9 | 449,4 | 472,9 | 407,6 |
| Total equity and liabilities (Rm) | 6 783,7 | 5 848,3 | 4 860,2 | 3 890,7 | 3 385,3 | 3 086,1 | 2 889,0 | 2 602,8 | 2 318,4 | 2 237,7 | 1 960,8 |
| Cash flow statement | |||||||||||
| Cash flows from operating activities (Rm) | 99,3 | (97,3) | 86,7 | 289,9 | 288,3 | 121,4 | 66,1 | 159,0 | 271,9 | 135,4 | 184,7 |
| Cash flows from investing activities (Rm) | (112,7) | 51,5 | (165,7) | (187,3) | (155,1) | (166,6) | (370,2) | 43,6 | (45,3) | (80,4) | (84,6) |
| Cash flows from financing activities (Rm) | 20,0 | 72,1 | 86,0 | (100,6) | (132,8) | 46,7 | 352,2 | (83,8) | (236,4) | (56,6) | (98,0) |
| Net increase (decrease) in cash (Rm) | 6,6 | 26,3 | 7,0 | 2,0 | 0,4 | 1,5 | 48,1 | 118,8 | (9,8) | (1,6) | 2,1 |
| Cash at the beginning of the year (Rm)# | 62,5 | 36,2 | 29,2 | 27,2 | 26,8 | 175,3 | 127,2 | 8,4 | 18,2 | 19,8 | 17,7 |
| Cash at the end of the year (Rm)# | 69,1 | 62,5 | 36,2 | 29,2 | 27,2 | 176,8 | 175,3 | 127,2 | 8,4 | 18,2 | 19,8 |
| # The figures from 1996 to 2002 comprise cash and cash equivalents, whereas those from 2003 onwards comprise cash only. | |||||||||||
| Performance measures/ratios | |||||||||||
| Turnover growth (%) | 12,4 | 21,8 | 19,7 | 13,6 | 18,0 | 10,4 | 12,6 | 5,3 | 4,8 | 6,3 | 3,4 |
| Operating margin (%) | 26,1 | 24,3 | 22,8 | 18,5 | 15,0 | 10,6 | 6,8 | 12,6 | 13,4 | 14,1 | 13,3 |
| Debt equity ratio (%) | 18,8 | 16,2 | 12,7 | 4,0 | 8,6 | 17,1 | 15,1 | 3,0 | – | – | 17,2 |
| Total liabilities to shareholders’ interest (times) | 0,73 | 0,76 | 0,96 | 0,69 | 0,63 | 0,68 | 0,63 | 0,48 | 0,50 | 0,56 | 0,67 |
| Current ratio (times) | 3,1 | 3,0 | 2,5 | 2,7 | 3,3 | 3,4 | 3,5 | 3,8 | 3,4 | 3,1 | 3,1 |
| Headline earnings per ordinary share (HEPS) (cents)* | 534,2 | 463,0 | 359,6 | 237,1 | 162,2 | 87,9 | 50,1 | 100,1 | 91,2 | 82,7 | 71,3 |
| Change in HEPS (%) | 15,4 | 28,8 | 51,7 | 46,2 | 84,5 | 75,4 | (50,0) | 9,8 | 10,2 | 16,1 | (27,4) |
| Tangible net asset value per ordinary share (cents) | 1 789,4 | 1 523,4 | 1 233,4 | 1 039,1 | 917,8 | 803,4 | 731,6 | 752,9 | 667,0 | 582,6 | 499,3 |
| Market capitalisation (Rm) | 16 618,4 | 14 011,4 | 8 549,7 | 4 797,9 | 2 573,3 | 1 681,1 | 1 190,5 | 3 196,1 | 2 917,4 | 4 451,5 | 3 495,6 |
Notes |
|
| When an accounting policy has been changed, comparative figures have been restated in accordance with the new policy. | |
| * |
Up to 1999, comparative figures were restated in terms of the increased number of shares in issue resulting from subdivisions and capitalisation issues. From 2000, this figure has been calculated using the weighted average number of shares in issue, without restatement of prior year figures. |
| Years ended | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | ||||||||||||
| No. of weeks | 52 | 53 | 52 | 52 | 52 | 52 | 52 | 53 | 52 | 52 | 52 | ||||||||||||
| Statistics | |||||||||||||||||||||||
| Number of ordinary shares in issue (millions) | 240,5 | 240,5 | 240,5 | 240,5 | 240,5 | 240,5 | 240,5 | 235,0 | 231,5 | 222,6 | 211,9 | ||||||||||||
| Number of ordinary shares on which headline earnings per share is calculated (millions) | 209,5 | 213,1 | 213,3 | 220,7 | 224,9 | 231,0 | 237,9 | 233,2 | 231,5 | 231,5 | 231,5 | ||||||||||||
| Net number of ordinary shares on which net asset value per share is calculated (millions) | 212,0 | 212,6 | 211,9 | 218,4 | 223,6 | 226,3 | 240,5 | 233,2 | 231,5 | 231,5 | 231,5 | ||||||||||||
| Number of stores | 1 332 | 1 273 | 1 233 | 1 197 | 1 188 | 1 185 | 1 207 | 1 088 | 1 069 | 1 013 | 971 | ||||||||||||
| Floor area (gross m2) |
380 615 | 354 747 | 334 662 | 323 459 | 317 381 | 310 166 | 309 188 | 272 152 | 260 371 | 252 266 | 240 023 |
| Average | ||||||
| monthly | ||||||
| SAARF | household | |||||
| Living Standards | % | % | income | |||
| Measure | Population | population | population | 2006 | ||
| (LSM)* | 2006 | 2003 | 2006 | (R) | ||
| LSM 1 | 1 895 000 | 9,5 | 6,1 | 1 003 | ||
| LSM 2 | 3 784 000 | 13,1 | 12,2 | 1 210 | ||
| LSM 3 | 3 878 000 | 14,4 | 12,6 | 1 509 | ||
| LSM 4 | 4 603 000 | 14,0 | 14,9 | 1 924 | ||
| LSM 5 | 4 176 000 | 12,8 | 13,5 | 2 674 | ||
| LSM 6 | 4 454 000 | 13,2 | 14,4 | 4 400 | ||
| LSM 7 | 2 413 000 | 6,5 | 7,8 | 6 880 | ||
| LSM 8 | 1 759 000 | 5,9 | 5,7 | 9 304 | ||
| LSM 9 | 2 085 000 | 5,5 | 6,7 | 12 647 | ||
| LSM 10 | 1 857 000 | 5,1 | 6,0 | 19 974 | ||
| * Source: SAARF AMPS 2005 and 2006 | ||||||
As the prior year comprised 53 weeks, all references to “comparable” refer to 52 versus 52-week comparisons
Current assets divided by current liabilities
Interest-bearing debt and short-term loans, reduced by preference share investment and cash, expressed as a percentage of capital and reserves
Comprises the total leased store area including
stockrooms
Net income attributable to ordinary shareholders adjusted for the effect, after tax, of exceptional items
Headline earnings divided by the weighted average number of shares in issue for the year
Refers to the SAARF Universal Living Standards Measure which is a unique means
of segmenting the South African market by dividing the population into 10 LSM
groups, 1 (lowest) to 10 (highest).
(Refer table above)
The market price per share at the year-end multiplied by the number of ordinary shares in issue at the year-end
Stores which have traded for the full current and previous financial years out of the same trading area
Total net asset value, after minorities, excluding goodwill and intangible assets, divided by the net number of ordinary shares in issue at the year-end
Operating profit before finance charges expressed as a percentage of retail turnover
