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Hyprop Investments Limited
Group annual financial statements 2016
28.
Earnings per share
The calculation of basic and headline earnings per share has been based on the following profit attributable to ordinary shareholders,
amended as shown in the reconciliation below. The weighted average number of ordinary shares outstanding has been used for both basic
and headline earnings, with adjustments for treasury shares held. The effect of all dilutive potential ordinary shares is shown in both the
earnings (diluted) and the weighted average number of shares outstanding (diluted).
Earnings
Total
GROUP
June 2016
R000
Total
GROUP
June 2015
R000
Diluted
GROUP
June 2016
R000
Diluted
GROUP
June 2015
R000
Reconciliation – basic to headline earnings
Consolidated profit for the year
2 767 160
3 779 576
2 767 160
3 779 576
Dilutive earnings adjustments
(14 541)
(23 800)
Retention share scheme
(5 507)
(8 306)
Performance share scheme
(9 034)
(15 494)
Profit attributable to shareholders of the company
(basic/diluted earnings)
2 767 160
3 779 576
2 752 619
3 755 776
Headline earnings adjustments
(1 372 032)
(2 457 065)
(1 372 032)
(2 457 065)
Change in fair value of investment property
(1 382 134)
(2 467 113)
(1 382 134)
(2 467 113)
Loss on disposal of investment in subsidiary
10 102
30 011
10 102
30 011
Profit on disposal of investment property
(24 243)
(24 243)
Impairment of goodwill
4 280
4 280
Headline earnings/diluted headline earnings
1 395 128
1 322 511
1 380 587
1 298 711
Weighted average number of ordinary shares
(basic and headline)
At 30 June 2016, the company had 243 256 092 shares in
issue (2015: 243 256 092). Subsequent to year-end, an
additional 5 185 186 shares were issued. (August 2016)
Issued shares at 1 July
243 256 092
243 256 092
243 256 092
243 256 092
Effect of treasury shares held
(335 011)
(153 659)
(335 011)
(153 659)
Effect of dilutive shares
446 677
272 041
Weighted average shares in issue
242 921 081
243 102 433
243 367 758
243 374 474
Cents
Cents
Cents
Cents
Earnings and headline earnings per share
Basic earnings per share
1 139,1
1 553,7
1 131,1
1 553,7
Headline earnings per share
574,3
543,7
567,3
543,7