The calculation of basic earnings per share for the Group is based on profit and loss attributable to the parent for the year of R302.0 million
(June 2020: net profit of R303.5 million), and a weighted average number of shares of 574.6 million (June 2020: 574.2 million) shares
in issue. The calculation of headline earnings per share for the Group is calculated on adjusted headline earnings of R329.1 million
(June 2020: R306.7 million), and a weighted average number of shares of 574.6 million (June 2020: 574.2 million) shares in issue.
| |
| |
2020
R’000 |
| Reconciliation of headline earnings per share |
|
|
| Total profit and loss attributable to the parent |
316 041 |
311 697 |
| From discontinued operation |
(14 008) |
(8 122) |
| Basic Earnings |
302 033 |
303 575 |
| Adjusted for: |
|
|
| Reversal of impairments of intangible assets* |
2 411 |
2 919 |
| Reversal of goodwill impairment reversal |
771 |
|
| Reversal of loss on disposal of subsidiaries |
10 014 |
– |
| Loss on disposal of tangible assets |
3 947 |
2 130 |
| Scrapping of intangible assets |
26 793 |
– |
| Reversal of profit on disposal of investments |
(1 314) |
– |
| Reversal of fair value losses |
7 653 |
– |
| Reversal of foreign currency translation reserve reclassification |
10 401 |
|
| Total non-controlling interest effect of adjustments |
(10 882) |
(1 278) |
| Total tax effects of adjustments |
(22 759) |
(596) |
| Headline earnings |
329 068 |
306 750 |
| Earnings per share (cents) |
|
|
| Basic from continued operations |
55.00 |
54.28 |
| Basic from discontinued operations |
(2.44) |
(1.41) |
| Basic |
52.56 |
52.87 |
| Diluted from continued operations |
53.45 |
53.18 |
| Diluted from discontinued operations |
(2.37) |
(1.39) |
| Diluted |
51.08 |
51.79 |
| Headline earnings per share (cents) |
|
|
| Basic |
57.26 |
53.42 |
| Diluted |
55.66 |
52.33 |
| Cash earnings per share (cents)** |
|
|
| Basic |
176.28 |
163.65 |
| Diluted |
171.33 |
160.33 |
| Weighted average number of ordinary shares used in the calculation of basic earnings per share |
574 655 416 |
574 241 248 |
| – dilutionary impact of contingent shares*** |
16 590 000 |
11 900 000 |
| Weighted average number of ordinary shares used in the calculation of diluted earnings per share |
591 245 416 |
586 141 248 |