Financial Highlights

Financial Statistics and Targets

      
  Medium-term    
  target 2008 2007
Operating margin (%) 24,0 24,8 26,1
ROE (%) 35,0 29,6 32,5
Current ratio (times)   2,3 3,1
Debt equity ratio (%) 40,0 36,2 18,8
Finance charge cover (times)   15,9 18,0
Number of stores 1 600 1 393 1 332
Square metres 500 000 403 601 380 615
Stock turn      
– jewellery   2,21 2,18
– @home   2,31 2,43
– other   3,21 3,20
       

Financial Highlights

      
  % change 2008 2007
Retail turnover (Rm) 6,1 7 668,7 7 230,0
Operating profit before finance charges (Rm) 1,0 1 905,5 1 887,0
Profit before tax (Rm) 0,2 1 786,3 1 782,3
Headline earnings (Rm) 0,8 1 128,4 1 119,2
Profit attributable to equity holders of Foschini Limited (Rm) 0,8 1 128,4 1 119,2
Total shareholders’ interest (Rm) 0,6 3 845,2 3 823,6
Earnings per ordinary share* (cents) 2,4 547,0 534,2
Headline earnings per ordinary share* (cents) 2,4 547,0 534,2
Tangible net asset value per ordinary share** (cents) 4,1 1 862,7 1 789,4
Dividend per share (cents) – interim 18,0 118,0 100,0
Dividend per share (cents) – final – 170,0 170,0
Dividend per share (cents) – total 6,7 288,0 270,0
Market capitalisation (Rm) (44,3) 9 261,6 16 618,4
Gross number of shares in issue (millions)   240,5 240,5
Net number of shares in issue (millions)   204,6 212,0
Closing US$ conversion rate   8,14 7,30
Average US$ conversion rate   7,15 7,06
* based on the weighted average number of shares in issue
** based on the net actual number of shares in issue

Retail Turnover

  2008   2007
  Rm % change Rm
Foschini division 3 070,5 5,5 2 911,8
Markham 1 190,9 4,6 1 138,3
Exact! 707,2 3,6 682,6
Sports division 1 151,4 8,4 1 062,4
Jewellery division 1 090,7 6,7 1 022,5
@home 458,0 11,1 412,4
  7 668,7 6,1 7 230,0