| |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONTINUED |
| for the year ended 30 June 2007 |
| |
All monetary amounts are expressed
in millions of Rands |
|
2007 |
Restated
2006 |
| 30. |
EARNINGS AND HEADLINE EARNINGS PER SHARE (continued) |
|
|
|
| 30.4 |
Headline Earnings |
|
|
|
|
The calculation of basic and diluted headline earnings per share attributable to ordinary shareholders of the company is based on the following data: |
|
|
|
|
Earnings |
|
|
|
|
Earnings attributable to the equity holders of the company |
|
702,3 |
512,7 |
|
Adjustments: |
|
|
|
|
Impairment loss on associate (note 25) |
|
114,5 |
– |
|
Impairment loss on unlisted loan (note 25) |
|
48,0 |
– |
|
Add back group property headlease expense (note 25) |
|
260,5 |
– |
|
Less fair value adjustment on Headlease property (note 25) |
|
(252,8) |
– |
|
Add back property commission adjustment (note 25) |
|
11,8 |
0,4 |
|
Loss/(profit) from disposal/closure (note 29.1) |
|
61,0 |
(16,4) |
|
Other |
|
(2,3) |
1,6 |
|
Taxation on exceptional items |
|
25,0 |
4,0 |
| |
Headline earnings |
|
968,0 |
502,3 |
|
Number of shares |
|
|
|
|
The denominators used are the same as those detailed above for both basic and diluted earnings per share. |
|
|
|
|
Headline earnings per share (cents) |
|
|
|
|
– |
Diluted |
|
325 |
162 |
| |
– |
Basic |
|
329 |
165 |
| 30.5 |
Headline earnings excluding the Broad-Based Black Economic |
|
|
|
|
Empowerment expense |
|
|
|
|
The calculation of basic and diluted headline earnings per share excluding the BBBEE expense is based on the following data: |
|
|
|
|
Headline earnings |
|
|
|
|
Headline earnings as above |
|
968,0 |
502,3 |
|
Adjustments: |
|
|
|
|
BBBEE expense |
|
– |
87,3 |
|
Taxation effect on BBBEE expense |
|
– |
(20,3) |
| |
Headline earnings excluding the BBBEE expense |
|
968,0 |
569,3 |
|
Number of shares |
|
|
|
|
The denominators used are the same as those detailed above for both basic and diluted earnings per share. |
|
|
|
|
Headline earnings per share excluding the BBBEE expense (cents) |
|
|
|
|
– |
Diluted |
|
325 |
184 |
| |
– |
Basic |
|
329 |
187 |
|
| |
| |
|
|
