Annual Report - JD Group

Ten year review
10
12 months
31 August 31 August †
31 August
2004 2003 2002
Share performance
Total shares in issue 000 172 000 166 830 112 730
Weighted average number of shares in issue 000 166 930 133 196 112 070
Headline earnings per share cents 522,0 340,5 226,5
Cash equivalent dividends per share cents 240,0 110,0 56.0
Dividend cover times 2,0 3,1 3,8
Net asset value per share cents 2 330,1 2 033,0 1 715,1
Profitability, liquidity and gearing
Revenue Rm 9 056 5 966 4 083
Operating income Rm 1 265 747 467
Income before finance costs Rm 1 289 762 478
Income attributable to shareholders Rm 790 449 241
Closing shareholders’ equity Rm 4 008 3 392 1 933
Average shareholders’ equity Rm 3 700 2 663 1 922
Net interest bearing debt Rm (19) 894 1 048
Average total assets less non-interest bearing debt Rm 5 348 4 224 3 557
Total assets Rm 7 739 7 185 4 243
Operating margin % 14,0 12,5 11,4
Income attributable to shareholders on revenue % 8,7 7,5 5,9
Return on closing shareholders’ equity % 19,7 13,2 12,5
Return on average shareholders’ equity % 21,4 16,9 12,5
Return on assets managed % 24,1 18,1 13,4
Interest cover times 8,9 4,9 2,7
Gearing ratio % – 26,3 54,2
Current ratio : 1 3,2 2,6 4,0
Shareholders’ equity to total assets % 51,8 47,2 45,6
Productivity
Number of stores 952 978 695
Revenue per store R000 9 513 6 100 5 875
Number of employees 16 167 15 738 10 064
Revenue per employee R000 560 379 406
Stock exchange performance
Closing share price cents 4 550 3 161 1 675
Number of shares traded 000 137 612 73 828 56 740
Value of shares traded Rm 5 552 1 716 1 466
Volume traded as % of issued shares
Market value per share
% 80,0 44,3 50,3
– high cents 4 690 3 180 4 060
– low cents 2 950 1 440 1 300
All ratios have been calculated using amounts in rand as opposed to Rm.
The comparative figures have not been restated for the change in accounting policy on the adoption of IAS 39 from the 2002 financial year.
† Profurn acquired chains were only included for five months