Consolidated annual financial statements

for the year ended $30$ September $2023$

Consolidated income statement

Notes Year ended

$30$ September

$2023$ Rm Year ended

$30$ September

$2022$

Restated$$

Rm

Revenue

Retail revenue $8740881154$

$8423678673$

Financial services revenue $28012150$

Insurance revenue

Cost of sales

Cost of merchandise sold $371331$

$(56370)(52471)$

$(56444)(52617)$

Cost of merchandise written off $$ floods $(318)$

Insurance claim recovery $$ social unrest and floods Gross profit $74464$

$3103828683$

Other income

Other income excluding insurance claim recovery $$ social unrest and floods $$

$12251448$

$950938$

Insurance claim recovery $$ social unrest and floods Steinhoff global settlement net recovery $275510$

$439$

Operating expenses $(16383)(14868)$

Debtors$$ costs $(1707)(1085)$

Operating profit before depreciation, amortisation and capital items $1417314617$

Depreciation and amortisation $(4661)(4270)$

Operating profit before capital items $951210347$

Capital items

Capital items excluding insurance claim recovery $$ social unrest and floods $(6828)169$

$(6873)(128)$

Insurance claim recovery$$ social unrest and floods Operating profit $45297$

$268410516$

Finance costs $(3095)(2461)$

Finance income $296259$

$($Loss$)/$profit before associated income $(115)8314$

Share of net profit of associate $74$

$($Loss$)/$profit before taxation $(108)8318$

Taxation $6(1172)(2168)$

$($Loss$)/$profit for the year from continuing operations $(1280)6150$

Loss for the year from discontinued operations $(10)(41)$

$($Loss$)/$profit for the year $(1290)6109$

$($Loss$)/$profit attributable to:

Equity holders of the parent $(1298)6114$

Non$-$controlling interests $8(5)$

$($Loss$)/$profit for the year $(1290)6109$

Earnings per share $($cents$)$

Basic earnings per share from continuing operations $8$

$(35\mathrm{.}1)166\mathrm{.}6$

Basic earnings per share from discontinued operations Total basic earnings per share

Diluted earnings per share from continuing operations $8$

$8$

$8(0\mathrm{.}3)(1\mathrm{.}1)$

$(35\mathrm{.}4)165\mathrm{.}5$

$(34\mathrm{.}6)164\mathrm{.}1$

Diluted earnings per share from discontinued operations Total diluted earnings per share $8$

$8(0\mathrm{.}3)(1\mathrm{.}1)$

$(34\mathrm{.}9)163\mathrm{.}0$

$$ Prior year comparatives have been restated for the effect of the discontinued operation as detailed in note $7.$

Consolidated annual financial statements continued

Consolidated statement of comprehensive income

Notes Year ended

$30$ September $2023$ Rm Year ended

$30$ September

$2022$

Restated$$

Rm

$($Loss$)/$profit from continuing operations $(1280)6150$

Loss from discontinued operations $(10)(41)$

$($Loss$)/$profit for the year $(1290)6109$

Other comprehensive $($OCI$)$ income from continuing operations Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations $188588$

Net fair value gain on cash flow hedges $6661350$

Deferred taxation on cash flow hedges

Foreign currency translation reserve released to profit or loss on liquidation of foreign subsidiary $61$

$(3)(60)$

$(50)$

Other comprehensive income for the year, net of taxation $9121828$

Other comprehensive $($OCI$)($loss$)/$income from discontinued operations Items that may be reclassified subsequently to profit or loss:

Exchange differences on translation of foreign operations

Foreign currency translation reserve released to profit or loss on sale of foreign subsidiary $(34)$

$32$

$10$

$$

Other comprehensive $($loss$)/$income for the year, net of taxation $(2)10$

sdsdTotal comprehve $($loss$)/$income Efficiency Ratios $($Activity Ratios$)-$ Pilasande

$10.$ Inventory Turnover Ratio:

Formula: Cost of Goods Sold $/$ Average Invenfor the year $(380)7947$

Total comprehensive $($loss$)/$income attributable to:

Equity holders of the parent $(388)7952$

Non$-$controlling interests $8(5)$

Total comprehensive $($loss$)/$income for the year $(380)7947$

Total comprehensive $($loss$)/$income for the year attributable to equity holders of the parent arises from:

Continuing operations $(368)7978$

Discontinued operations $(12)(31)$

Total comprehensive $($loss$)/$income for the year $(380)7947$

$$ Prior year comparatives have been restated for the effect of the discontinued operation as detailed in note $7.$

Consolidated annual financial statements continued

Consolidated statement of financial position

Notes Year ended

$30$ September $2023$ Rm Year ended

$30$ September $2022$

Rm

ASSETS

Non$-$current assets

Goodwill $3293739204$

Intangible assets $1910419004$

Property, plant and equipment $93298341$

Right$-$of$-$use assets $1086411101$

Interest in associate $7164$

Investments and loans $4649$

Deferred taxation assets $28353022$

Unsecured loans$2985$

$7548480790$

Current assets

Investments and loans $48110$

Trade and other receivables $92428511$

Unsecured loans$17921842$

Inventories $1697417066$

Insurance and reinsurance receivables $3739$

Current