annual report 2009
Annual General Meeting
9 September 2009
12H15 l Stanley Lewis Centre
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| Chairman's Report |
Chief Executive Officer's Report |
Financial Director's Report |
| D M Nurek | A D Murray | R Stein |
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FINANCIAL HIGHLIGHTS AND SALIENT FEATURES |
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| % change | 2009 | 2008 | ||
| Retail turnover (Rm) | 5,5 | 8 089,6 | 7 668,7 | |
| Operating profit before finance charges (Rm) | 6,3 | 2 025,5 | 1 905,5 | |
| EBITDA (Rm) | 6,9 | 2 256,6 | 2 110,2 | |
| Profit before tax (Rm) | (0,6) | 1 775,7 | 1 786,3 | |
| Headline earnings (Rm) | 1,5 | 1 145,8 | 1 128,4 | |
| Profit attributable to equity holders of Foschini Limited (Rm) | 1,5 | 1 145,8 | 1 128,4 | |
| Total shareholders’ interest (Rm) | 16,9 | 4 496,3 | 3 845,2 | |
| Total equity | 17,4 | 4 855,5 | 4 136,1 | |
| Total liabilities | 25,1 | 3 808,5 | 3 044,4 | |
| Net borrowings | 8,5 | 1 626,9 | 1 498,9 | |
| Earnings per ordinary share* (cents) | 2,3 | 559,5 | 547,0 | |
| Headline earnings per ordinary share* (cents) | 2,3 | 559,5 | 547,0 | |
| Tangible net asset value per ordinary share** (cents) | 15,3 | 2 148,1 | 1 862,7 | |
| Dividend per share (cents) – interim | – | 118,0 | 118,0 | |
| Dividend per share (cents) – final | – | 170,0 | 170,0 | |
| Dividend per share (cents) – total | – | 288,0 | 288,0 | |
| Gross number of shares in issue (millions) | 240,5 | 240,5 | ||
| Net number of shares in issue (millions) | 207,3 | 204,6 | ||
| Closing US$ conversion rate | 9,33 | 8,14 | ||
| Average US$ conversion rate | 8,89 | 7,15 | ||
| * | based on the weighted average number of shares in issue | |||
| ** | based on the net actual number of shares in issue | |||