Calculation of weighted average number of shares and headline earnings per share

    GROUP
    2021 2020
10 CALCULATION OF WEIGHTED AVERAGE NUMBER OF SHARES AND HEADLINE EARNINGS PER SHARE    
10.1 Weighted average number of shares in issue 165 735 377 165 687 312
  – Opening balance of number of ordinary shares 179 492 168 179 492 168
  – Weighted number of shares held for BEE deal (13 756 791) (13 804 856)
10.2 Diluted weighted average number of shares in issue 167 529 805 166 941 456
  – Weighted average number of shares in issue – per 10.1 above 165 735 377 165 687 312
  – Dilutive number of shares 1 794 428 1 254 144
10.3 Headline earnings (R’million) 1 867,5 1 557,9
  – Continuing operations 1 868,4 1 981,8
  – Discontinued operations (0,9) (423,9)
10.4 Headline earnings per share    
  Headline earnings per ordinary share (cents) 1 126,8 940,3
  – Continuing operations 1 127,3 1 196,1
  – Discontinued operations (0,5) (255,8)
  Diluted headline earnings per ordinary share (cents) 1 114,8 933,2
  – Continuing operations 1 115,3 1 187,1
  – Discontinued operations (0,5) (253,9)

    Gross Taxation Non-
controlling
interest
Net
10.5 Reconciliation between profit for the year and headline earnings        
  2021        
  Continuing operations        
  Profit attributable to shareholders of the parent       1 773,3
  Adjusted for:        
  Impairment of property, plant and equipment 154,2 (43,1) 111,1
  Civil unrest asset write off 15,8 (4,5) 11,3
  Loss on disposal of investment in associated company 10,8 10,8
  Profit on disposal of intangible assets (43,0) 7,7 (35,3)
  Profit on disposal of property, plant and equipment (2,0) 0,6 (1,4)
  Headline earnings adjustment – associate        
  – Profit on sale of investment (1,4) (1,4)
  Headline earnings for the year 134,4 (39,3) 1 868,4
  Discontinued operations        
  Profit attributable to shareholders of the parent       119,8
  Adjusted for:        
  Profit on disposal of property, plant and equipment (6,4) (1,1) (7,5)
  Profit on disposal of intangible asset (20,5) (20,5)
  Release of foreign currency translation reserve on closure of foreign subsidiary (92,7) (92,7)
  Headline earnings for the year (119,6) (1,1) (0,9)
  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 investment in associated company 117,7 117,7
  Loss on disposal of intangible assets 0,6 0,6
  Loss on disposal of shares 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)