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 INCOME STATEMENT
| 6 months | 6 months | Year | ||
| ended | ended | ended | ||
| 30.09.2011 | 30.09.2010 | 31.03.2011 | ||
| Unaudited | Unaudited | % | Audited | |
| Rm | Rm | change | Rm | |
| Revenue (note 5) | 6 815,1 | 5 758,9 | 12 370,6 | |
| Retail turnover | 5 428,3 | 4 581,6 | 18,5 | 9 936,5 |
| Cost of turnover (note 6) | (3 156,0) | (2 674,0) | (5 768,1) | |
| Gross profit | 2 272,3 | 1 907,6 | 4 168,4 | |
| Interest income (note 7) | 813,0 | 736,3 | 1 486,2 | |
| Dividend income | 5,7 | 6,3 | 12,1 | |
| Other revenue (note 8) | 568,1 | 434,7 | 935,8 | |
| Trading expenses (note 9) | (2 415,1) | (2 077,0) | (4 301,3) | |
| Operating profit before finance charges | 1 244,0 | 1 007,9 | 23,4 | 2 301,2 |
| Finance cost | (137,1) | (122,0) | (250,1) | |
| Profit before tax | 1 106,9 | 885,9 | 24,9 | 2 051,1 |
| Income tax expense | (359,7) | (280,0) | (662,3) | |
| Profit for the period | 747,2 | 605,9 | 1 388,8 | |
| Attributable to: | ||||
| Equity holders of The Foschini Group Limited | 699,0 | 566,3 | 23,4 | 1 301,8 |
| Non-controlling interest | 48,2 | 39,6 | 87,0 | |
| Profit for the period | 747,2 | 605,9 | 1 388,8 | |
| Earnings per ordinary share (cents) | ||||
| Basic | 341,6 | 272,3 | 25,5 | 630,4 |
| Headline | 341,9 | 272,3 | 25,6 | 632,3 |
| Diluted (basic) | 333,1 | 268,5 | 24,1 | 618,1 |
| Diluted (headline) | 333,3 | 268,5 | 24,1 | 619,9 |
| Weighted average ordinary shares in issue (millions) | 204,6 | 208,0 | (1,6) | 206,5 |