Financial results

Interim Results
For the six months ended 31 December 2002

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Commentary | Income statements | Segmental reporting | Balance sheets 
Statement of changes in equity | Cash flow statement

Abridged group income statements

  (Rand 000's unless otherwise stated)
  Unaudited 
six months to 
31 December 
2002 

increase 
Unaudited 
six months to 
31 December 
2001 
Audited 
year to 
30 June 
2002 

Turnover
  - By group owned stores 407 324    305 990  619 812 
  - By franchise owned stores 317 389    227 162  469 797 

Total 724 713  35.9  533 152  1 089 609 

Trading profit before depreciation 84 568    56 033  140 841 
Depreciation (6 396)   (5 923) (11 586)

Trading profit 78 172  56.0  50 110  129 255 
Interest received 1 179    1 005  3 129 
Dividends received 938    572 

Profit before taxation 80 289  57.1  51 115  132 956 
Taxation (25 475)   (15 781) (36 565)

Profit after taxation 54 814  55.1  35 334  96 391 
Outside shareholders' interest (1 293)   (314) (1 476)

Earnings attributable to ordinary shareholders 53 521   52.8  35 020  94 915 
Weighted average number of shares in issue (000's) 18 396    18 311  18 311 
Earnings per share (cents) 290.9  52.1  191,3  518,3 
Headline earnings per share (cents) 290,9  52.1  191,3  518,3 
Dividends declared per share (cents) 50,0  42.9  35,0  100,0