| Credit transactions: RCS Group |
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Comprises all loan advances and card purchases for the year under review |
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| Credit transactions: retail |
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VAT inclusive credit retail turnover and income from sundry credit services |
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| Current ratio |
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Current assets divided by current liabilities |
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| Debt equity ratio |
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Net borrowings expressed as a percentage of total equity |
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| Dividend cover |
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Basic earnings per share divided by dividend declared in respect of the relevant period |
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| Doubtful debt provision as a % of debtors’ book |
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Provision for doubtful debts expressed as a percentage of gross receivables |
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| EBITDA |
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Earnings before interest paid, tax, depreciation and amortisation |
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| EBITDA finance charge cover |
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EBITDA divided by interest paid |
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| Finance charge cover |
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Operating profit before finance charges divided by interest paid |
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| Gross square metres |
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Comprises the total leased store area including stockrooms |
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| Headline earnings |
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Net income attributable to ordinary shareholders adjusted for the effect, after tax, of exceptional items |
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| Headline earnings per ordinary share |
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Headline earnings divided by the weighted average number of shares in issue for the year |
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| LSM |
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Refers to the SAARF Universal Living Standards Measure which is a unique means of segmenting the South African market by dividing the population into 10 LSM
groups, 1 (lowest) to 10 (highest). Refer table below |
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| Market capitalisation |
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The market price per share at the year-end multiplied by the number of ordinary shares in issue at the year-end |
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| Net borrowings |
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Interest-bearing debt and minority interest loans reduced by preference share investment and cash |
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| Net bad debt and provision movement |
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VAT exclusive bad debts including provision movement, net of recoveries |
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| Net bad debt write-off: retail |
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VAT inclusive bad debts, net of recoveries and excluding movement in provision in respect of the group’s retail receivables |
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| Net bad debt write-off: RCS Group |
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VAT exclusive bad debts, net of recoveries and excluding movement in provision in respect of the receivables in the RCS Group |
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| Net bad debt write-off as a % of credit
transactions |
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Net bad debt write-off expressed as a percentage of credit transactions |
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| Net bad debt write-off as a % of debtors’ book |
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Net bad debt write-off expressed as a percentage of gross receivables |
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| Recourse debt equity ratio |
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Recourse debt reduced by preference share investment and cash, expressed as a percentage of total equity |
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| Same store |
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Stores which have traded for the full current and previous financial years out of the same trading area |
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| Tangible net asset value per ordinary share |
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Total net asset value, after minorities, excluding goodwill and intangible assets, divided by the net number of ordinary shares in issue at the year-end |
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| Operating margin |
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Operating profit before finance charges expressed as a percentage of retail turnover |
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