Condensed income statement

Rm 26 weeks 
December 
2012 
(Reviewed)
26 weeks 
December 
2011 
(Reviewed)
% change  52 weeks 
December 
2012 
(Reviewed)
52 weeks 
December 
2011 
(Reviewed)
% change  52 weeks 
June 
2012 
(Audited)
Revenue 36,234.5  31,547.1  14.9  66,050.3  57,177.8  15.5  61,362.9 
Sales 36,122.6  31,492.2  14.7  65,839.5  57,066.5  15.4  61,209.1 
Cost of sales (29,523.2) (25,917.3) (13.9) (53,563.0) (46,767.6) (14.5) (49,957.1)
Gross profit 6,599.4  5,574.9  18.4  12,276.5  10,298.9  19.2  11,252.0 
Other income 111.9  54.9  103.8  210.8  111.3  89.4  153.8 
Depreciation and amortisation (342.6) (275.6) (24.3) (661.2) (530.4) (24.7) (594.2)
Impairment of assets
(note 3)
(5.4) (0.3)   (21.6) (10.3) (109.7) (16.5)
Employment costs (2,487.5) (2,137.1) (16.4) (4,686.5) (4,066.9) (15.2) (4,336.1)
Occupancy costs (1,225.6) (989.0) (23.9) (2,296.5) (1,826.6) (25.7) (2,059.9)
Foreign exchange profit/(loss) (76.7) 82.4    (231.6) 89.6  (358.5) (72.5)
Other operating costs (1,243.2) (902.2) (37.8) (2,533.0) (1,783.9) (42.0) (2,192.0)
Operating profit before Walmart costs 1,330.3  1,408.0  (5.5) 2,056.9  2,281.7  (9.9) 2,134.6 
Walmart transaction, integration and related costs (note 5) (205.2) (41.7) (392.1) (348.9) (450.5) 22.6  (185.4)
Loss on disposal of Makro Zimbabwe –  –  –  –  (38.6) 100.0  – 
Operating profit 1,125.1  1,366.3  (17.7) 1,708.0  1,792.6  (4.7) 1,949.2 
 Finance costs (106.0) (72.5) (46.2) (217.4) (154.6) (40.6) (183.9)
 Finance income 45.6  24.4  86.9  90.0  40.0  125.0  68.8 
Net finance costs (60.4) (48.1) (25.6) (127.4) (114.6) (11.2) (115.1)
Profit before taxation 1,064.7  1,318.2  (19.2) 1,580.6  1,678.0  (5.8) 1,834.1 
Taxation (342.3) (410.9) 16.7  (549.6) (633.7) 13.3  (618.2)
Profit for the period 722.4  907.3  (20.4) 1,031.0  1,044.3  (1.3) 1,215.9 
Profit attributable to:              
Owners of the parent 691.8  893.0    972.3  993.2    1,173.5 
Preference shareholders (note 6) 1.4  2.5    5.0  24.0    6.1 
Non-controlling interests 29.2  11.8    53.7  27.1    36.3 
Profit for the period 722.4  907.3  (20.4) 1,031.0  1,044.3  (1.3) 1,215.9 
Basic EPS (cents) 319.7  414.9  (22.9) 449.8  472.9  (4.9) 544.4 
Diluted basic EPS (cents) 315.4  406.3  (22.4) 443.2  456.2  (2.8) 532.7 
Dividend (cents):              
– Interim –  252.0  (100.0) –  252.0  (100.0) 252.0 
– Final 275.0  –  100.0  421.0  134.0  214.2  146.0 
– Total 275.0  252.0  9.1  421.0  386.0  9.1  398.0