Annual Report - JD Group

Group income statement
30
Restated
2004 2003
for the year ended 31 August Note Rm Rm
Revenue 2 9 056 5 966
Cost of sales 4 148 2 613
Operating expenses before the following: 3 456 2 522
Depreciation
Amortisation
94 67
– goodwill 2 5
– trademark 14 14
Loss on disposal and closure of BoConcept 50 –
Loss on closure of Profurn legacy stores 34 –
Surplus on disposal of property, plant and equipment (7) (2)
Operating income 3 1 265 747
Investment income 24 15
Interest received 4 62 49
Interest paid 4 (207) (203)
Income before taxation 5 1 144 608
Taxation 6 354 160
Income after taxation 790 448
Attributable to outside shareholders – 1
Income attributable to shareholders 790 449
Reconciliation of headline earnings:
Income attributable to shareholders 790 449
Goodwill amortised 2 5
Loss on disposal and closure of BoConcept 50 –
Loss on closure of Profurn legacy stores 34 –
Surplus on disposal of property, plant and equipment (7) (2)
Taxation thereon 2 1
Headline earnings 871 453
Number of shares in issue (000) 172 000 166 830
Treasury shares in issue (000) 3 288 1 419
Number of shares held outside the Group (000) 168 712 165 411
Weighted average number of shares in issue (000)
– basic 166 930 133 196
– diluted 172 493 134 771
Headline earnings per share (cents)
– basic 7 522,0 340,5
– diluted 7 505,2 336,5
Earnings per share (cents)
– basic 7 473,3 337,3
– diluted 7 458,1 333,4
Cash equivalent dividends per share (cents) 8 240,0 110,0