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ANNUAL RESULTS
FOR THE YEAR ENDED 30 JUNE 2023
2023
2023

NORMALISED EARNINGS (NON-IFRS MEASURE)


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Year ended 
30 June 
2023 
R'000 
Restated*
Year ended 
30 June 
2022 
R'000 
Headline earnings  (31.4) 216 408  315 667 
Adjusted by:     56 344  9 289 
– Less rental reversal     (75 241) (75 805)
– Right of use asset depreciation     65 380  61 606 
– Interest on lease liability     16 964  18 781 
– Acquisition related costs     15 060  – 
– MMed closure costs     65 048  – 
– Discontinued operations reversal     –  6 937 
– Tax effect of adjustment     (13 018) (1 283)
– Non-controlling interest effect of adjustments     (17 849) (947)
Normalised Headline earnings  (16.1) 272 752  324 956 
Normalised Headline earnings per share (cents)         
– Attributable to ordinary shares (cents) (19.2) 45.62  56.43 
– Fully diluted HEPS (cents) (19.4) 43.95  54.55 
* Refer to Note 5 for details of the restatement.