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MPC
MPC
MPC - Mr Price Group Limited - Pro Forma Results - 2011
Mr Price Group Limited
(Registration number 1933/004418/06)
(Incorporated in the Republic of South Africa)
ISIN: ZAE000026951
JSE share code: MPC
("the Company")
PRO FORMA RESULTS - 2011
The Company has released its results for the 52 weeks ended 31 March 2012. The
comparable period is the 53 week period ended 2 April 2011. The Company believes
that a like-for-like 52 week comparison is more meaningful to shareholders.
The preparation of the unaudited pro forma 52 week comparison is the
responsibility of the Company`s directors. The table below illustrates the
unaudited pro forma statement of comprehensive income for the 52 week period
ended 26 March 2011 (the "pro forma 52 week information").
The unaudited pro forma 52 week information has been prepared for illustrative
purposes only, to provide information on how the unaudited pro forma 52 week
information compares to the actual results of the Company for the 52 weeks ended
31 March 2012.
R`m Actual Actual Adjustments Pro forma % change
2012 2011 2011 2011
52 weeks 53 weeks 53rd week 52 weeks
52 52
on on
53 52
Revenue 12 122 10 973 -224 10 749 10% 13%
Retail sales 11 767 10 673 -221 10 452 10% 13%
Other revenue 295 240 -3 237 23% 24%
Retail sales 12 062 10 913 -224 10 689 11% 13%
and other
revenue
Costs and 10 320 9 484 -172 9 312 9% 11%
expenses
Cost of sales 6 843 6 202 -135 6 067 10% 13%
Selling 2 645 2 505 -25 2 480 6% 7%
expenses
Administrative 832 777 -12 765 7% 9%
and other
operating
expenses
Profit from 1 742 1 429 -52 1 377 22% 27%
operating
activities
Net finance 44 55 -1 54 -19% -18%
income
Profit before 1 786 1 484 -53 1 431 20% 25%
taxation
Taxation 569 474 -15 459 20% 24%
Profit 1 217 1 010 -38 972 20% 25%
attributable to
shareholders
Earnings per
share (cents)
Basic 412.3 396.7 21% 26%
500.9
Headline 503.0 418.9 403.3 20% 25%
Diluted basic 462.5 382.7 368.2 21% 26%
Diluted 464.5 388.8 374.4 19% 24%
headline
Notes:
1. The accounting policies adopted by the Company in the latest audited annual
financial statements, which are in accordance with
International Financial Reporting Standards, have been used in preparing
the unaudited pro forma financial effects.
2. The "2011 53 weeks" column is based on the published audited results for
the 53 weeks ended 2 April 2011.
3. The "2011 53rd week" column reflects the results for the week 27 March 2011
to 2 April 2011 and is based on the unaudited accounting records of the
Company which, in the opinion of the directors, are a true reflection of
the actual results for that week.
4. The calculation of EPS and HEPS is based on the weighted
average number of shares in issue.
The Company`s external auditors have issued a limited assurance report on the
pro forma information. A copy of their report is available at the Company`s
registered office.
Durban
23 May 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 23/05/2012 14:31:01 Produced by the JSE SENS Department.
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