| 9.5 |
Reconciliation between profit for the year and headline earnings
Group
(R’million) |
Gross |
Taxation |
Non-
controlling
interest |
Net |
| 2020 |
|
|
|
|
| Continuing operations |
|
|
|
|
| Profit attributable to shareholders of the parent |
|
|
|
1 467,5 |
| Adjusted for: |
|
|
|
|
| Impairment of intangible assets |
286,0 |
– |
– |
286,0 |
| Impairment of property, plant and equipment |
199,2 |
(55,8) |
– |
143,4 |
| Impairment of associate investment |
117,7 |
– |
– |
117,7 |
| Loss on sale of intangible assets |
0,6 |
– |
– |
0,6 |
| Loss on disposal of shares in held for sale investment |
0,1 |
– |
– |
0,1 |
| Profit on disposal of plant, equipment and vehicles |
(37,0) |
4,6 |
– |
(32,4) |
| Headline earnings adjustments – associates |
|
|
|
|
| – Profit on disposal of property, plant and equipment |
(1,1) |
– |
– |
(1,1) |
| Headline earnings for the year |
565,5 |
(51,2) |
– |
1 981,8 |
| Discontinued operations |
|
|
|
|
| Loss attributable to shareholders of the parent |
|
|
|
(453,2) |
| Adjusted for: |
|
|
|
|
| Impairment of property, plant and equipment |
83,2 |
(23,3) |
– |
59,9 |
| Profit on disposal of plant, equipment and vehicles |
(42,5) |
11,9 |
– |
(30,6) |
| Headline earnings for the year |
40,7 |
(11,4) |
– |
(423,9) |
| 2019 |
|
|
|
|
| Continuing operations |
|
|
|
|
| Profit attributable to shareholders of the parent |
|
|
|
4 333,5 |
| Adjusted for: |
|
|
|
|
| Impairment of intangible assets |
212,0 |
– |
– |
212,0 |
| Impairment of property, plant and equipment |
1,8 |
(0,5) |
– |
1,3 |
| Reversal of impairment of property, plant and equipment |
(8,7) |
2,4 |
– |
(6,3) |
| Profit on sale of shares in associate investment |
(368,8) |
29,1 |
– |
(339,7) |
| Realised fair value gain on unbundling of Oceana |
(1 630,4) |
– |
– |
(1 630,4) |
| Headline earnings adjustments – associates |
|
|
|
|
| – Profit on disposal of property, plant and equipment |
(0,4) |
– |
– |
(0,4) |
| – Impairment of property, plant and equipment |
6,3 |
– |
– |
6,3 |
| Headline earnings for the year |
(1 788,2) |
31,0 |
– |
2 576,3 |
| Discontinued operations |
|
|
|
|
| Profit attributable to shareholders of the parent |
|
|
|
(470,2) |
| Adjusted for: |
|
|
|
|
| Impairment of property, plant and equipment |
104,8 |
(26,9) |
– |
77,9 |
| Impairment of intangible assets |
6,0 |
– |
– |
6,0 |
| Headline earnings for the year |
110,8 |
(26,9) |
– |
(386,3) |
|
