Summarised reconciliation – headline earnings
| Download (EXCEL) |
| Audited Year ended 30 June 2019 R’000 |
Audited Year ended 30 June 2018 R’000 |
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|---|---|---|---|
| Earnings – profit for the year attributable to shareholders of the company | 164 922 | 2 529 466 | |
| Headline earnings adjustments | 406 040 | (638 616) | |
| Change in fair value of investment property | 425 125 | (646 359) | |
| Profit on disposal of investment property | (2 825) | (2 697) | |
| Other impairments | 29 964 | 10 102 | |
| Non-controlling interest | (46 224) | 338 | |
| Headline earnings (1) | 570 962 | 1 890 850 | |
| Total number of shares in issue | 255 894 516 | 255 894 516 | |
| Weighted average number of ordinary shares in issue | 255 495 272 | 249 024 221 | |
| Fully diluted weighted average number of ordinary shares in issue | 255 610 315 | 249 207 302 | |
| Total shares in issue for dividend per share (excludes treasury shares) | 255 309 759 | 255 448 256 | |
| Basic earnings per share (cents) | 64,5 | 1 015,8 | |
| Headline earnings per share (cents) | 223,5 | 759,3 | |
| Fully diluted basic earnings per share (cents) | 64,5 | 1 015,0 | |
| Fully diluted headline earnings per share (cents) | 223,4 | 758,7 |
(1) |
Restatement of previous version of Summarised Consolidated Audited Results The Summarised reconciliation – headline earnings and the calculations of headline earnings per share and diluted headline earnings per share have been restated from those contained in the Summarised Consolidated Audited Results for the year ended 30 June 2019 which was originally approved by the board of directors and dated 5 September 2019 (“the previous financial statements”). The reason for the restatement is that the Summarised reconciliation – headline earnings in the previous financial statements erroneously included an adjustment adding back the non-controlling interest portion of the change in the fair value of investment property adjustment, when it should have been deducted. The consolidated audited financial statements for the year ended 30 June 2019 have been corrected to reflect this change. The aforementioned restatement does not affect the calculation of Distributable income for the year ended 30 June 2019 or the Statements of Financial Position, Statements of Comprehensive Income, Statements of Changes in Equity or Statements of Cash Flows, all of which remain unchanged from the previous financial statements. |