Reconciliation between trading and operating profit

June 2011 June 2010
Rm (Reviewed) (Audited)
Profit before interest and taxation
Trading profit before interest and taxation 2,182.9 2,027.8
Asset impairments (10.0) (3.7)
Transaction costs (408.8)
Loss on disposal of Makro Zimbabwe (38.6)
BEE transaction IFRS 2 charge (note 5) (41.9) (69.7)
Foreign exchange loss (72.3) (87.7)
Operating profit before interest and taxation 1,611.3 1,866.7
Profit before taxation
Trading profit before taxation 2,331.6 2,190.9
Corporate net interest (255.9) (209.8)
Asset impairments (10.0) (3.7)
Transaction costs (408.8)
Loss on disposal of Makro Zimbabwe (38.6)
BEE transaction IFRS 2 charge (note 5) (41.9) (69.7)
Foreign exchange loss (72.3) (87.7)
Operating profit before taxation 1,504.1 1,820.0