Summarised Group Income Statement

for the year ended 31 May 2009

	2009	2008	2008
	Actual	Core pro forma	Actual
	audited	unaudited	audited
	R’000	R’000	R’000
Revenue	15 281 449	12 930 609	12 545 471
Other income	22 368	68 142	69 545
Cost of inventories sold	(14 215 840)	(12 211 507)	(11 875 606)
Employee compensation and benefit expense	(278 970)	(195 629)	(265 003)
Depreciation, amortisation and impairment
charges	(93 220)	(73 675)	(58 670)
Other expenses	(240 940)	(155 686)	(146 240)
Operating profit	474 847	362 254	269 497
Finance expense	(112 699)	(106 604)	(147 704)
Finance income	205 046	239 470	193 281
Share of profits and losses from associates
and joint ventures	(27 445)	(19 661)	(17 441)
Net profit before taxation	539 749	475 459	297 633
Taxation	(174 784)	(138 929)	(89 841)
Net profit for the year	364 965	336 530	207 792
Net profit for the period attributable to:
Equity holders of the parent	390 547	336 023	180 891
Minority interest	(25 582)	507	26 901
Earnings per share for profit attributable to
equity holders (cents)
– Basic	51.13	43.85	30,65
– Headline	51.63	43.55	30,26
– Diluted basic	50.96	–	–
– Diluted headline	51.46	–	–
Weighted average number of shares	763 833 909	766 360 894	590 263 513
Number of shares in issue	761 159 181	766 360 894	766 360 894
Diluted weighted average number of shares**	766 360 894	–	–

**	Diluted earnings per share and diluted headline earnings per share is calculated by adjusting the number of shares in issue by the number of shares that would be issued on vesting under the forfeitable share plan. (There were no dilutive instruments in 2008)

Unaudited reconciliation between net profit
and core net profit for the year:
Net profit for the year	390 547	336 023	180 891
Once off employee compensation and benefit
expense net of tax	–	–	57 600
Amortisation on intangibles raised through
business combinations net of tax	36 653	34 919	22 937
Cancellation of onerous contract	–	–	9 000
Core net profit for the year	427 200	370 942	270 428
Core net profit for the year attributable to:	403 782	373 093	301 409
Equity holders of parent	427 200	370 942	270 428
Minorities interest	(23 418)	2 151	30 981
– Core earnings per share (cents) *	55.93	48.40	45.81

Core earnings per share is calculated after adding back the amortisation of intangible assets as a consequence of the purchase price allocations completed in terms of IFRS 3: Business Combinations, the costs incurred in terms of the Management Bonus Settlement Agreement and the termination of the Otter Mist Trading CC consulting agreement, as explained in the pre-listing statement.