Pro forma statement of comprehensive income of the Bidcorp Group

for the year ended June 30 2016

  Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8  
  Financial
information
of Bidcorp
Audited
R’000
Excluded
assets
Pro forma
R’000
Issue of
shares
Pro forma
R’000
SA food
interests
Pro forma
R’000
Included
food
property and
corporate
Pro forma
R’000
Treasury
shares
Pro forma
R’000
Consolidation
entries
Pro forma
R’000
Bidcorp
Group
Pro forma
R’000
  
Revenue 135 537 531 (5 633) 4 991 403 46 190 (46 190) 140 523 301  
Cost of revenue (107 470 732) 4 679 (3 873 283)   (111 339 336)  
Gross profit 28 066 799 (954) 1 118 120 46 190 (46 190) 29 183 965  
Operating expenses (23 233 908) (3 360) (832 849) (9 425) 46 190 (24 033 352)  
     Sales and distribution expenses (17 367 564) (655 638) (18 023 202)  
     Administration expenses (3 503 102) (3 357) (166 350) (9 425) 46 190 (3 636 044)  
     Other expenses (2 363 242) (3) (10 861) (2 374 106)  
Trading profit 4 832 891 (4 314) 285 271 36 765 5 150 613  
     Share-based payment expense (48 653) (7 399) (7 932) (63 984)  
     Acquisition costs (8 947) (8 947)  
     Net capital items (148 773) (9 148) (157 921)  
Operating profit 4 626 518 (4 314) 268 724 28 833 4 919 761  
Net finance charges (223 779) (37) (58 856) 357 (12 238) (294 553)  
     Finance expense (290 625) (97 920) (12 238) (400 783)  
     Finance income 66 846 (37) 39 064 357 106 230  
Share of profit of associates 26 386 (2 401) 23 985  
     Dividends received 23 467 23 467  
     Share of current year earnings 2 919 (2 401) 518  
Profit before taxation 4 429 125 (4 351) 207 467 29 190 (12 238) 4 649 193  
Taxation (1 109 081) 1 378   (66 243) (8 173) 3 092 (1 179 027)  
Profit for the year 3 320 044 (2 973) 141 224 21 017 (9 146) 3 470 166  
Attributable to:                  
Shareholders of the company 3 279 576 (1 960) 141 224 21 017 (9 146) 3 430 711  
Non-controlling interest 40 468 (1 013) 39 455  
  3 320 044 (2 973) 141 224 21 017 (9 146) 3 470 166  
Basic earnings per share (cents) 3 979,8 (2,4) 42,6 6,3 (2,8) 1 034,0  
Diluted basic earnings per share (cents) 3 943,3 (2,4) 42,6 6,3 (2,8) 1 031,6  
Headline earnings per share (cents) 4 154,0 (2,4) 45,2 6,3 (2,8) 1 080,0  
Diluted headline earnings per share (cents) 4 115,8 (2,4) 45,2 6,3 (2,8) 1 077,5  
Weighted number of ordinary shares in issue 82 405 335 404 (3 613) 331 791  
Diluted weighted number of ordinary shares in issue 83 169 336 168 (3 613) 332 555  

 

Annexure B – pro forma information

  Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8  
  Financial
information
of Bidcorp
Audited
R’000
Excluded
assets
Pro forma
R’000
Issue of
shares
Pro forma
R’000
SA food
interests
Pro forma
R’000
Included
food
property and
corporate
Pro forma
R’000
Treasury
shares
Pro forma
R’000
Consolidation
entries
Pro forma
R’000
Bidcorp
Group
Pro forma
R’000
  
Profit for the year 3 320 044 (2 973) 141 224 21 017 (9 146) 3 470 166  
Other comprehensive income net of taxation 2 214 461 2 214 461  
Items that may be classified subsequently to profit or loss 2 262 343 2 262 343  
   Increase in foreign currency translation reserve 2 259 035 2 259 035  
   Increase in fair value of cash flow hedges 3 308 3 308  
Items that will not be reclassified subsequently to profit or loss                  
Defined benefit obligations (47 882) (47 882)  
   Net remeasurement of defined benefit obligations during the year (57 243) (57 243)  
   Deferred tax relief 9 361 9 361  
Total comprehensive income for the year 5 534 505 (2 973) 141 224 21 017 (9 146) 5 684 627  
Attributable to:                  
Shareholders of the company 5 486 534 (2 080) 141 224 21 017 (9 146) 5 637 549  
Non-controlling interest 47 971 (893) 47 078  
  5 534 505 (2 973) 141 224 21 017 (9 146) 5 684 627