Normalised earnings (non ifrs measure)

Download (EXCEL)

 

  % change   Year ended
30 June
2019
R’000
  Year ended
30 June
2018
R’000
 
Heading earnings     265 241   260 916  
Adjusted by:     10 303   3 150  
– Less rental reversal (new IFRS 16 effect) NOTE 6*     (94 418)    
– Depreciation (new IFRS 16 effect) NOTE 6*     82 666    
– Interest (new IFRS 16 effect) NOTE 6*     31 822    
– Sanlam indemnity expense       3 150  
Total tax effects of adjustments     (5 620)    
Total NCI effects of adjustments     (4 147)    
Normalised Headline earnings 4.3   275 544   264 066  
Normalised Headline earnings per share (cents)            
– Attributable to ordinary shares (cents) 3.1   49.13   47.63  
– Fully Diluted HEPS (cents) 2.4   48.39   47.27  

The adjusting amounts have no tax and non-controlling interest implications.

* Adjusted in 2019 due to early adoption.