| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 33 |
|
| 33. |
Earnings per share
The calculation of basic earnings per share for the Group is based on a net profit for the year of R153 823 000 (June 2013: net
profit of R163 570 000), and a weighted average number of shares of 384.5 million (June 2013: 269.3 million) shares in issue.
The calculation of headline earnings per share for the Group is calculated on adjusted headline earnings of R183 945 000
(June 2013: R129 637 000), and a weighted average number of 384.5 million (June 2013: 269.3 million) shares in issue.
| |
GROUP
June 2014
R’000 |
|
GROUP
June 2013
R'000 |
|
| Reconciliation of headline earnings |
|
|
|
|
| Profit attributable to equity holders of the Company |
153 823 |
|
163 570 |
|
| Basic earnings |
153 823 |
|
163 570 |
|
| Adjusted for: |
|
|
|
|
| Profit on disposal of investment |
– |
|
(51 014) |
|
| Fair value gain of investment |
– |
|
(5 252) |
|
| Impairment of intangible assets |
40 620 |
|
– |
|
| Reversal of impairment |
(3 720) |
|
(7 253) |
|
| Adjustments of impairments recognised by associate |
– |
|
30 030 |
|
| Total tax effects of adjustments |
(4 906) |
|
– |
|
| Total non-controlling interest effect of adjustments |
(2 107) |
|
– |
|
| (Profit)/loss on disposal of assets |
235 |
|
(440) |
|
| Fair value adjustments (other) |
– |
|
(4) |
|
| Headline earnings |
183 945 |
|
129 637 |
|
| Earnings per share (cents) |
|
|
|
|
| Basic |
40.00 |
|
60.75 |
|
| Diluted |
40.00 |
|
36.11 |
|
| Headline earnings per share (cents) |
|
|
|
|
| Basic |
47.83 |
|
48.15 |
|
| Diluted |
47.83 |
|
28.62 |
|
| Cash earnings per share (cents) |
|
|
|
|
| Basic |
83.48 |
|
126.43 |
|
| Diluted |
83.48 |
|
75.15 |
|
| Weighted average number of shares |
384 574 258 |
|
269 256 170 |
|
| Adjusted for: |
|
|
|
|
| – dilutionary impact of preference shares |
– |
|
70 202 830 |
|
| – dilutionary impact of contingent shares |
– |
|
100 805 395 |
|
| – dilutionary impact of management share options |
– |
|
12 688 767 |
|
| Weighted average number of shares for diluted earnings per share |
384 574 258 |
|
452 953 162 |
|
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| NOTES TO THE GROUP ANNUAL FINANCIAL STATEMENTS l NOTE 33 |
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