CHOPPIES ENTERPRISES LIMITED
For and on behalf of the Board
ABRIDGED UNAUDITED GROUP FINANCIAL RESULTS
FOR THE SIX MONTHS ENDED 31 DECEMBER 2013
(Chief Executive Officer)
Unit 5, Plot 115, Kgale Mews.
P O Box 406, Gaborone,
Grant Thornton Business Services (Pty) Ltd.,
Acumen Park, Plot 50370,
Fairground Office Park.
P O Box 1157, Gaborone Botswana.
Plot 67977, Off Tlokweng Road,
Fairground Office Park.
P O Box 1519, Gaborone, Botswana.
Earnings per Share
1. Basis of presentation and accounting policies
The ﬁnancial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”)
(which includes, IAS 34 Interim Financial Reporting), to the extent applicable to Interim Financial Reporting.
The accounting policies have been applied consistently to all the periods presented.
The ﬁnancial statements are presented in Pula, which is considered the functional currency.
The interim ﬁnancial statements were reviewed, but not audited by KPMG.
2. Performance highlights – compared to 6 months ended 31 December 2012.
Revenue up by 25%
Gross proﬁt up by 31%
Operating proﬁt up by 26%
Proﬁt after tax up by 31%
Total current number of stores 104
Total current retail space 150,656 square meters
Total employment crossed 10,000
Value addition of more than P 500 million for six months
Opened 11 new stores including 6 Supa Save Stores in the 6 months ended 31 December 2013.
Retail space of 14,788 square meters were added
Total number of stores – 67
Total retail space 87,654 square meters
Total number of employees 6,399
4. South Africa
Opened 5 new stores in the 6 months ended 31 December 2013. Retail space of 10,690 square meters added.
After 31 December 2013, three more new stores were opened
Total current number of stores 24
Total current retail space 47,878 square meters
Total number of employees 2,994
Commenced operations in Zimbabwe with 11 stores on 26 October, 2013. Added one new store in December 2013 and
another one in January 2014
Total current retail space 15,124 square meters
Total number of employees 882
As part of our further expansion plans, we expect to open many more stores in South Africa, Zimbabwe and Botswana in the
current ﬁscal year.
A dividend will only be declared and distributed after the ﬁnalisation of the ﬁnancial statements for the year ended 30 June
ABRIDGED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ABRIDGED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
ABRIDGED CONSOLIDATED STATEMENT OF CASHFLOWS
ABRIDGED SEGMENTAL RESULTS
ABRIDGED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
*Two months of operation