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 FINANCIAL POSITION
STATEMENT OF FINANCIAL POSITION
| Sept. 2011 | Sept. 2010 | March 2011 | |
| Unaudited | Unaudited | Audited | |
| Rm | Rm | Rm | |
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 1 208,1 | 1 003,0 | 1 086,9 |
| Goodwill and intangible assets | 36,9 | 43,0 | 37,0 |
| Staff housing loans | 0,6 | 0,9 | 0,7 |
| RCS Group private label card receivables | 256,1 | 258,5 | 320,8 |
| RCS Group loan receivables | 553,9 | 493,3 | 521,7 |
| Participation in export partnerships | 61,7 | 70,4 | 72,5 |
| Deferred taxation asset | 242,2 | 162,7 | 249,9 |
| 2 359,5 | 2 031,8 | 2 289,5 | |
| Current assets | |||
| Inventory (note 10) | 1 843,3 | 1 407,4 | 1 804,7 |
| Trade receivables retail | 4 155,8 | 3 388,5 | 3 823,0 |
| RCS Group private label card receivables | 1 930,5 | 1 646,6 | 1 709,4 |
| Other receivables and prepayments | 266,5 | 190,8 | 194,3 |
| RCS Group loan receivables | 394,1 | 307,7 | 336,7 |
| Participation in export partnerships | 11,4 | 11,3 | 6,4 |
| Preference share investment | 200,0 | 200,0 | 200,0 |
| Cash | 468,6 | 296,9 | 338,5 |
| 9 270,2 | 7 449,2 | 8 413,0 | |
| Total assets | 11 629,7 | 9 481,0 | 10 702,5 |
| EQUITY AND LIABILITIES | |||
| Equity attributable to equity holders of The Foschini Group Limited | 5 763,0 | 4 981,3 | 5 462,9 |
| Non-controlling interest | 513,4 | 455,6 | 485,6 |
| Total equity | 6 276,4 | 5 436,9 | 5 948,5 |
| Non-current liabilities | |||
| Interest-bearing debt | 225,8 | 187,4 | 262,8 |
| RCS Group external funding | 1 010,0 | 490,9 | 491,0 |
| Non-controlling interest loans | 214,4 | 120,3 | 144,3 |
| Operating lease liability | 160,3 | 141,1 | 146,1 |
| Deferred taxation liability | 173,2 | 136,3 | 165,2 |
| Post-retirement defined benefit plan | 91,0 | 87,0 | 91,0 |
| 1 874,7 | 1 163,0 | 1 300,4 | |
| Current liabilities | |||
| Interest-bearing debt | 1 134,4 | 1 135,0 | 1 246,8 |
| RCS Group external funding | 490,0 | 201,1 | 417,0 |
| Trade and other payables | 1 754,2 | 1 499,5 | 1 710,7 |
| Taxation payable | 100,0 | 45,5 | 79,1 |
| 3 478,6 | 2 881,1 | 3 453,6 | |
| Total liabilities | 5 353,3 | 4 044,1 | 4 754,0 |
| Total equity and liabilities | 11 629,7 | 9 481,0 | 10 702,5 |