Employment costs
Includes the IFRS 2 Share-based Payment expense.
Sales per FTE (R000)
Sales
 
FTEs
Return on capital employed (%)
Operating profit before asset impairments
 
Average of opening and closing capital employed balances
The Group defines capital employed as the average of opening and closing equity
Net finance costs
Interest received less interest paid.
Sales per trading m² (R000)
Sales
 
Trading m²
Sales for Shield, CellShack, Saverite and Kangela are excluded as they do not have stores.
Return on invested capital (%)
Adjusted operating profit
 
Average invested capital
Adjusted operating profit includes finance income and adds back depreciation, amortisation and occupancy costs.
Average invested capital as average total assets of continuing operations plus average accumulated depreciation and amortisation less average accounts payable less average accrued liabilities plus occupancy costs x8.
EBITDA
Earnings before interest, taxation, depreciation, amortisation and asset impairments.
Net asset turn
Sales
 
Net assets
The Group defines net assets as total equity and interest-bearing LT liabilities.
Debt: Equity (%)
Average debt
 
Average of opening and closing equity attributable to equity holders of the parent
Debt comprises non-current interest-bearing liabilities.
EBITDAR
Earnings before interest, taxation, depreciation, amortisation, asset impairments and occupancy costs.
Gross margin (%)
Gross profit
 
Sales
Cash earnings cover
Operating cash flow per share
 
Headline earnings per share
Trading profit before interest and taxation
Earnings before interest, taxation, asset impairments, the BEE IFRS 2 charge, foreign exchange movements, loss on disposal of business and assets classified as held for sale and Walmart related costs.
Operating margin (%)
Operating profit
 
Sales
Net cash to total equity (%)
Cash and cash equivalents, net of borrowings
 
Total equity at the end of the financial year
Comparable sales
Sales figures quoted for stores that have traded, and will trade, for all 12 months of the current and prior year.
Trading profit before interest and taxation margin (%)
Trading profit before interest and taxation
 
Sales
Current ratio
Current assets
 
Current liabilities
FTE (full-time equivalents)
Includes all permanent employees and the permanent equivalent of temporary employees and contracted workers.
EBITDA margin (%)
EBITDA
 
Sales
Quick ratio
Current assets excluding inventory
 
Current liabilities
Trading space (m²)
Trading space excludes parking, yard, warehouse space, office space and receiving areas.
Effective tax rate (%)
Taxation
 
Profit before tax
Cash generated from operations before working capital movements per share
Cash generated from operations before working capital movements
 
Weighted average number of shares in issue
Regional distribution centre space (m²)
Distribution centre space excludes parking and yard space.
Return on average shareholders’ equity (%)
Headline earnings
 
Average of opening and closing equity attributable to equity holders of the parent
Operating cash flow per share
Net cash flow from operating activities
 
Weighted average number of shares in issue
Net cash flow from operating activities, excludes dividends paid.
Sales per store (R000)
Sales
 
Number of stores
Sales for Shield, CellShack and Kangela are excluded as they do not have stores.
Headline earnings per share
Headline earnings
 
Weighted average number of shares in issue
Net asset value per share
Closing equity attributable to equity holders of the parent
 
Total number of shares in issue
Inventory days
Diluted headline earnings per share
Headline earnings
 
Diluted weighted average number of shares in issue
Dividend cover
Headline earnings per share
 
Interim and final dividend per share
Inventory turn
Total cost of sales
 
Inventory
Attributable earnings per share
Earnings attributable to the equity holders of the parent
 
Weighted average number of shares in issue
Payable days
Asset turn
Sales
 
Total assets
Total liabilities to total equity
Current and non-current liabilities
 
Total equity
Dividends/distribution per share
Distribution to shareholders
 
Total number of shares in issue