UNAUDITED INTERIM CONDENSED CONSOLIDATED RESULTS

for the half-year ended 30 September 2009

Condensed Consolidated Statement of Financial Position

  Sept 2009 Sept 2008 Mar 2009  
  Unaudited Unaudited Audited  
  Rm Rm Rm  
ASSETS        
Non-current assets        
Property, plant and equipment 1 006,7 912,4 981,3  
Goodwill and intangible assets 43,1 37,9 43,2  
Preference share investment 200,0 200,0 200,0  
Investment in associates – 4,4 –  
Staff housing loans 1,1 1,2 1,2  
Private label card receivables 375,0 392,7 433,3  
Loan receivables 969,4 673,3 886,4  
Participation in export partnerships 88,4 89,8 87,8  
Deferred taxation asset 172,6 174,5 160,5  
  2 856,3 2 486,2 2 793,7  
Current assets        
Inventory (note 9) 1 460,9 1 282,8 1 524,9  
Trade receivables – retail 2 923,0 2 467,5 2 746,3  
Private label card receivables 1 152,3 966,3 1 051,1  
Other receivables and prepayments 170,6 176,7 143,1  
Loan receivables 83,1 164,6 101,8  
Participation in export partnerships 4,2 7,1 6,9  
Cash 215,8 68,7 296,2  
  6 009,9 5 133,7 5 870,3  
Total assets 8 866,2 7 619,9 8 664,0  
EQUITY AND LIABILITIES        
Equity attributable to equity holders of Foschini Limited 4 634,9 3 982,0 4 496,3  
Non-controlling interest 384,1 316,6 359,2  
Total equity 5 019,0 4 298,6 4 855,5  
Non-current liabilities        
Interest-bearing debt 960,3 1 280,3 937,4  
Non-recourse debt 150,0 – –  
Non-controlling interest loans 664,7 668,5 783,2  
Operating lease liability 133,6 128,7 128,3  
Deferred taxation liability 149,3 156,5 149,9  
Post-retirement defined benefit plan 84,1 84,1 84,1  
  2 142,0 2 318,1 2 082,9  
Current liabilities        
Interest-bearing debt 452,9 65,3 402,5  
Trade and other payables 1 215,6 894,0 1 252,5  
Taxation payable 36,7 43,9 70,6  
  1 705,2 1 003,2 1 725,6  
Total liabilities 3 847,2 3 321,3 3 808,5  
Total equity and liabilities 8 866,2 7 619,9 8 664,0