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) |