WELCOME TO OUR ONLINE ANNUAL REPORT 2011

Income statement
for the year ended 26 June 2011

    2011 2010
  Notes Rm Rm
Revenue 1 2,058.2 904.5
Management and administration fees received   27.8 17.0
Dividends received   2,030.4 887.5
Employment costs   (19.6) (11.5)
Net operating income   13.4 8.4
Operating profit 2 2,052.0 901.4
Finance income   0.7
Finance costs   (0.4)
Net finance income 3 0.7 (0.4)
Profit before taxation   2,052.7 901.0
Taxation 4 (84.3) (67.7)
Profit for the year   1,968.4 833.3
Profit attributable to:      
Owners of the parent   1,968.4 833.3
Profit for the year   1,968.4 833.3
Dividend per share      
Interim   252.0 252.0
Final *   134.0 134.0
Total   386.0 386.0
* Declared after the financial year-end.
  • Details of the dividend can be found in note 11 in the Group financial statements.
  • The accounting policies are in line with the Massmart Group accounting policies. Refer to note 1 of the Group financial statements.