Definitions and formulas
Employment costs
Includes the IFRS 2 Share-based Payment expense.
Other operating costs
Includes the foreign exchange gains and losses.
Net finance costs
Interest received less interest paid
EBITDA
Earnings before interest, taxation, depreciation, amortisation and asset impairments.
Trading profit before interest and taxation
Earnings before interest, taxation, asset impairments, the BEE IFRS 2 charge and foreign exchange movements.
Comparable sales
Sales figures quoted for stores that have traded, and will trade, for all 12 months of the current and prior year.
FTE (full-time equivalents)
Includes all permanent employees and the permanent equivalent of temporary employees and contracted workers.
Trading space (m2)
Trading space excludes parking, yard, warehouse space, office space and receiving areas.
Sales per store (R000)
Number of stores
Sales for Shield, CellShack, Saverite, Kawena and Kangela are excluded as they do not have stores.
Sales per FTE (R000)
FTEs
Sales per trading m2 (R000)
Trading m2
Sales for Shield, CellShack, Saverite, Kawena and Kangela are excluded as they do not have stores.
Net asset turn
Net assets
The Group defines net assets as capital reserves and interest-bearing long-term liabilities.
Gross margin (%)
Sales
Operating margin (%)
Sales
Trading profit before interest and taxation margin (%)
Sales
EBITDA margin (%)
Sales
Effective tax rate (%)
Profit before tax
Note 10 of the financial section holds further information.
Return on average shareholders' equity (%)
Average of opening and closing equity attributable to equity holders of the parent
Return on capital employed (%)
Average of opening and closing capital employed balances
The Group defines capital employed as capital and reserves and interest-bearing long-term liabilities.
Debt: Equity (%)
Capital and reserves
Debt comprises non-current interest-bearing liabilities.
Cash earnings cover
Headline earnings per share
Net cash to total equity (%)
Total equity at the end of the year
Current ratio
Current liabilities
Quick ratio
Current liabilities
Inventory days
Total cost of sales
Inventory turn
Inventory
Payable days
Total cost of sales
Asset turn
Total assets
Total liabilities to total equity
Total equity
Headline earnings per share
Weighted average number of shares in issue
Diluted headline earnings per share
Diluted weighted average number of shares in issue
Attributable earnings per share
Weighted average number of shares in issue
Dividends/distribution
Distribution to shareholders.
Cash generated from operations before working capital movements per share
Weighted average number of shares in issue
Operating cash flow per share
Weighted average number of shares in issue
Net cash flow from operations is after working capital movements, and excludes exceptional items and dividends paid.
Net asset value per share
Total number of shares in issue
Dividend cover
Interim and final dividend per share
