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MPC - Mr Price Group Limited - Pro Forma Results - 2011

Release Date: 23/05/2012 14:31
Code(s): MPC
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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