| Foschini Limited and its subsidiaries |
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| YEARS ENDED |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
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| Profitability |
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| Retail turnover (Rm) |
8 089,6 |
7 668,7 |
7 230,0 |
6 432,1 |
5 279,3 |
4 410,0 |
3 880,6 |
3 289,9 |
2 980,5 |
2 646,5 |
| Operating profit before finance charges (Rm) |
2 025,5 |
1 905,5 |
1 887,0 |
1 567,3 |
1 204,8 |
814,6 |
582,0 |
348,5 |
202,7 |
333,7 |
| Profit attributable to equity holders of |
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| Foschini Limited (Rm) |
1 145,8 |
1 128,4 |
1 119,2 |
986,9 |
767,0 |
516,9 |
359,5 |
199,9 |
116,0 |
233,3 |
| Headline earnings (Rm) |
1 145,8 |
1 128,4 |
1 119,2 |
986,9 |
767,0 |
523,4 |
364,8 |
203,0 |
119,1 |
233,3 |
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| Balance sheet |
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| Non-current assets (Rm) |
2 793,7 |
2 171,8 |
2 160,4 |
1 536,5 |
1 497,9 |
1 096,6 |
754,7 |
965,5 |
1 107,7 |
805,6 |
| Current assets (Rm) |
5 870,3 |
5 008,7 |
4 623,3 |
4 311,8 |
3 422,1 |
2 794,1 |
2 630,6 |
2 120,6 |
1 781,3 |
1 797,2 |
| Total assets (Rm) |
8 664,0 |
7 180,5 |
6 783,7 |
5 848,3 |
4 920,0 |
3 890,7 |
3 385,3 |
3 086,1 |
2 889,0 |
2 602,8 |
| Total shareholders’ interest (Rm) |
4 496,3 |
3 845,2 |
3 823,6 |
3 267,9 |
2 496,8 |
2 291,4 |
2 077,0 |
1 830,1 |
1 775,1 |
1 755,7 |
| Minority interest (Rm) |
359,2 |
290,9 |
181,3 |
88,9 |
16,0 |
10,1 |
5,1 |
8,6 |
– |
– |
| Non-current liabilities (Rm) |
2 082,9 |
1 036,7 |
1 282,4 |
1 064,2 |
1 038,6 |
554,5 |
514,7 |
625,2 |
599,3 |
376,2 |
| Current liabilities (Rm) |
1 725,6 |
2 007,7 |
1 496,4 |
1 427,3 |
1 368,6 |
1 034,7 |
788,5 |
622,2 |
514,6 |
470,9 |
| Total equity and liabilities (Rm) |
8 664,0 |
7 180,5 |
6 783,7 |
5 848,3 |
4 920,0 |
3 890,7 |
3 385,3 |
3 086,1 |
2 889,0 |
2 602,8 |
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| Cash flow statement |
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| Cash flows from operating activities (Rm) |
319,9 |
(44,4) |
99,3 |
(97,3) |
86,7 |
289,9 |
288,3 |
121,4 |
66,1 |
159,0 |
| Cash flows from investing activities (Rm) |
(536,2) |
(52,2) |
(112,7) |
51,5 |
(165,7) |
(187,3) |
(155,1) |
(166,6) |
(370,2) |
43,6 |
| Cash flows from financing activities (Rm) |
343,0 |
63,8 |
20,0 |
72,1 |
86,0 |
(100,6) |
(132,8) |
46,7 |
352,2 |
(83,8) |
| Net increase (decrease) in cash (Rm) |
126,7 |
(32,8) |
6,6 |
26,3 |
7,0 |
2,0 |
0,4 |
1,5 |
48,1 |
118,8 |
| Cash at the beginning of the year (Rm)# |
169,5 |
202,3* |
62,5 |
36,2 |
29,2 |
27,2 |
26,8 |
175,3 |
127,2 |
8,4 |
| Cash at the end of the year (Rm)# |
296,2 |
169,5 |
69,1 |
62,5 |
36,2 |
29,2 |
27,2 |
176,8 |
175,3 |
127,2 |
| # |
The figures from 2000 to 2002 comprise cash and cash equivalents,
whereas those from 2003 onwards comprise cash only. |
| * |
In 2008 cash balances were restated to include an amount previously off-set against interest-bearing debt. |
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| Performance measures/ratios |
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| Turnover growth (%) |
5,5 |
6,1 |
12,4 |
21,8 |
19,7 |
13,6 |
18,0 |
10,4 |
12,6 |
5,3 |
| Operating margin (%) |
25,0 |
24,8 |
26,1 |
24,3 |
22,8 |
18,5 |
15,0 |
10,6 |
6,8 |
12,6 |
| Debt equity ratio (%) |
33,5 |
36,2 |
18,8 |
16,2 |
12,7 |
4,0 |
8,6 |
17,1 |
15,1 |
3,0 |
| Total liabilities to shareholders’ interest (times) |
0,85 |
0,79 |
0,73 |
0,76 |
0,96 |
0,69 |
0,63 |
0,68 |
0,63 |
0,48 |
| Current ratio (times) |
3,4 |
2,5 |
3,1 |
3,0 |
2,5 |
2,7 |
3,3 |
3,4 |
3,5 |
3,8 |
| Headline earnings per ordinary share (HEPS) (cents) |
559,5 |
547,0 |
534,2 |
463,0 |
359,6 |
237,1 |
162,2 |
87,9 |
50,1 |
100,1 |
| Change in HEPS (%) |
2,3 |
2,4 |
15,4 |
28,8 |
51,7 |
46,2 |
84,5 |
75,4 |
(50,0) |
9,8 |
| Dividends declared per ordinary share (DPS) (cents) |
288,0 |
288,0 |
270,0 |
220,0 |
164,0 |
94,0 |
56,0 |
31,0 |
18,0 |
35,0 |
| Tangible net asset value per ordinary share (cents) |
2 148,1 |
1 862,7 |
1 789,4 |
1 523,4 |
1 165,0 |
1 039,1 |
917,8 |
803,4 |
731,6 |
752,9 |
| Market capitalisation (Rm) |
10 567,5 |
9 261,6 |
16 618,4 |
14 011,4 |
8 549,7 |
4 797,9 |
2 573,3 |
1 681,1 |
1 190,5 |
3 196,1 |
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| Statistics |
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| Number of ordinary shares in issue (millions) |
240,5 |
240,5 |
240,5 |
240,5 |
240,5 |
240,5 |
240,5 |
240,5 |
240,5 |
235,0 |
| Number of ordinary shares on which headline earnings per share is calculated (millions) |
204,8 |
206,3 |
209,5 |
213,1 |
213,3 |
220,7 |
224,9 |
231,0 |
237,9 |
233,2 |
| Net number of ordinary shares on which net asset value per share is calculated (millions) |
207,3 |
204,6 |
212,0 |
212,6 |
211,9 |
218,4 |
223,6 |
226,3 |
240,5 |
233,2 |
| Number of stores |
1 539 |
1 393 |
1 332 |
1 273 |
1 233 |
1 197 |
1 188 |
1 185 |
1 207 |
1 088 |
| Floor area (gross square metres) |
467 420 |
410 378 |
380 615 |
354 747 |
334 662 |
323 459 |
317 381 |
310 166 |
309 188 |
272 152 |
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| Notes |
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| When an accounting policy has been changed, comparative figures have been restated in accordance with the new policy. |
