Segmental analysis – chains continued 58 Abra Europe BoConcept Sub-total 2004 2003 2004 ‡ 2003 2004 2003 Revenue Rm 210 209 96 101 306 310 Operating income Rm (17) (8) (77) (35) (94) (43) Depreciation Rm 2 2 4 6 6 8 Total assets Rm 62 74 – 98 62 172 Total current liabilities Rm 46 37 – 31 46 68 Capital expenditure Rm 4 4 1 21 5 25 Operating margin % (8,1) (3,8) (80,2) (34,7) (30,7) (13,9) Total sale of merchandise Rm 206 205 93 97 299 302 Share of <strong>Group</strong> sale of merchandise % 3,4 5,4 1,5 2,5 4,9 7,9 Credit sales Rm Percentage of total % Cash sales Rm 206 205 93 97 299 302 Percentage of total % 100,0 100,0 100,0 100,0 100,0 100,0 Deposit rate on credit sales % Number of stores 36 26 8 36 34 Revenue per store R000 5 833 8 038 12 625 8 500 9 118 Retail square meterage 31 405 26 684 7 012 31 405 33 696 Revenue per square metre Rand 6 687 7 832 14 404 9 744 9 200 Number of employees 448 394 98 448 492 Revenue per employee R000 469 530 1 031 683 630 Instalment sale receivables – gross Rm Bad debts written off Bad debts written off as a percentage Rm 3 3 of gross receivables % Receivables’ arrears Receivables’ arrears as a percentage of Rm gross receivables % Collection rate % Average length of the book Months * The trading results of 19 stores that were closed in the BLNS countries are included in this analysis up until the date of closure but the number of stores, number of employees and retail square meterage are not shown at the year end. Accordingly, the calculations for revenue per store, per employee and per square metre are overstated. Also included in “other” are the 7 stores in Mozambique which the <strong>Group</strong> is in the process of disposing of. The balance of the stores will be integrated in due course. † These chains were only consolidated for a 5 month period in 2003, therefore certain calculations have not been presented as it is considered that they would not be meaningful. ‡ Businesses disposed of and closed therefore certain calculations have not been presented. º Operations to be integrated, disposed of and/or discontinued.
Corporate <strong>Group</strong> 2004 2003 2004 2003 9 056 5 966 (306) (137) 1 265 747 70 42 94 67 2 160 1 594 7 739 7 185 1 075 1 277 2 244 2 381 111 65 133 99 14,0 12,5 6 131 3 819 100,0 100,0 3 089 2 367 50,4 62,0 3 042 1 452 49,6 38,0 15,7 952 9 513 978 624 475 14 502 643 621 472 509 16 167 560 15 738 6 394 6 592 208 665 343 10,4 798 1 144 12,5 17,4 7,0 14,3 59