NORMALISED EARNINGS (NON IFRS MEASURE)

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  %
change
Unaudited
six months
ended
31 December
2019
Unaudited
six months
ended
31 December
2018
R’000
Audited
year ended
30 June
2019
R’000
 
Heading earnings reconciliation   134 746 123 926 265 241  
Adjusted by:   5 138 (3 158) 10 303  
– Operating lease reversal (new IFRS 16 effect)   (41 317) (63 527) (94 418)  
– Right of use asset depreciation (new IFRS 16 effect)   36 652 34 992 82 666  
– Interest on lease liability (new IFRS 16 effect)   14 673 24 106 31 822  
Total tax effects of adjustments   (2 802) (5 620)  
Total NCI effects of adjustments   (2 068) 1 271 (4 147)  
Normalised Headline earnings 15.8 139 884 120 768 275 544  
Normalised Headline earnings per share (cents)          
– Attributable to ordinary shares (cents) 11.8 24.36 21.78 49.13  
– Fully Diluted HEPS (cents) 11.0 24.00 21.62 48.39  
The adjusting amounts have no tax and non-controlling interest implications.