THE FOSCHINI
GROUP LIMITED (FORMERLY FOSCHINI LIMITED)
UNAUDITED INTERIM
CONDENSED
CONSOLIDATED RESULTS
FOR THE HALF-YEAR ENDED
30 SEPTEMBER 2011
- Condensed CONSOLIDATED
STATEMENT OF FINANCIAL POSITION - CONDENSED CONSOLIDATED
INCOME STATEMENT - CONDENSED CONSOLIDATED
STATEMENT OF
COMPREHENSIVE INCOME - Condensed CONSOLIDATED
CASH FLOW STATEMENT - Condensed CONSOLIDATED
STATEMENT OF CHANGES IN EQUITY - SUPPLEMENTARY INFORMATION
- GROUP SEGMENTAL ANALYSIS
- NOTES
- COMMENTARY
CONDENSED CONSOLIDATED
STATEMENT OF CHANGES IN EQUITY
STATEMENT OF CHANGES IN EQUITY
| Equity | |||
| holders | |||
| of The | Non- | ||
| Foschini | control- | ||
| Group | ling | Total | |
| Limited | interest | equity | |
| Rm | Rm | Rm | |
| Equity at 31 March 2010 | 5 058,3 | 427,0 | 5 485,3 |
| Total comprehensive income for the half-year | 556,8 | 39,6 | 596,4 |
| Profit for the period | 566,3 | 39,6 | 605,9 |
| Other comprehensive income | |||
| Movement in effective portion of changes in fair value of cash flow hedges | (11,3) | – | (11,3) |
| Foreign currency translation reserve movements | (2,2) | – | (2,2) |
| Deferred tax on movement in effective portion of cash flow hedges | 4,0 | – | 4,0 |
| Contributions by and distributions to owners | |||
| Share-based payments reserve movements | 19,0 | – | 19,0 |
| Dividends paid | (355,0) | (11,0) | (366,0) |
| Shares purchased in terms of share incentive schemes | (297,8) | – | (297,8) |
| Equity at 30 September 2010 | 4 981,3 | 455,6 | 5 436,9 |
| Total comprehensive income for the half-year | 748,4 | 47,4 | 795,8 |
| Profit for the period | 735,5 | 47,4 | 782,9 |
| Other comprehensive income | |||
| Movement in effective portion of changes in fair value of cash flow hedges | 10,7 | – | 10,7 |
| Foreign currency translation reserve movements | 3,2 | – | 3,2 |
| Movement in insurance cell reserves | 2,9 | – | 2,9 |
| Deferred tax on movement in effective portion of cash flow hedges | (3,9) | – | (3,9) |
| Contributions by and distributions to owners | |||
| Share-based payments reserve movements | 36,9 | – | 36,9 |
| Dividends paid | (282,5) | (17,4) | (299,9) |
| Shares purchased in terms of share incentive schemes | (156,0) | – | (156,0) |
| Proceeds on delivery of shares by share trust | 134,8 | – | 134,8 |
| Equity at 31 March 2011 | 5 462,9 | 485,6 | 5 948,5 |
| Total comprehensive income for the half-year | 760,1 | 48,2 | 808,3 |
| Profit for the period | 699,0 | 48,2 | 747,2 |
| Other comprehensive income | |||
| Movement in effective portion of changes in fair value of cash flow hedges | 82,2 | – | 82,2 |
| Foreign currency translation reserve movements | 5,7 | – | 5,7 |
| Movement in insurance cell reserves | 0,1 | – | 0,1 |
| Deferred tax on movement in effective portion of cash flow hedges | (26,9) | – | (26,9) |
| Contributions by and distributions to owners | |||
| Share-based payments reserve movements | 39,9 | – | 39,9 |
| Dividends paid | (435,4) | (20,4) | (455,8) |
| Shares purchased in terms of share incentive schemes | (76,6) | – | (76,6) |
| Proceeds on delivery of shares by share trust | 12,1 | – | 12,1 |
| Equity at 30 September 2011 | 5 763,0 | 513,4 | 6 276,4 |
| 6 months | 6 months | Year | |
| ended | ended | ended | |
| 30.09.2011 | 30.09.2010 | 31.03.2011 | |
| Dividend per ordinary share (cents) | Unaudited | Unaudited | Audited |
| Interim | 190,0 | 138,0 | 138,0 |
| Final | – | – | 212,0 |
| Total | 190,0 | 138,0 | 350,0 |
| Dividend cover | 1,8 | 2,0 | 1,8 |