Headline earnings
| |
Unaudited |
|
|
|
Audited |
|
| |
six months ended |
|
|
|
year ended |
|
| |
31 March |
|
31 March |
|
|
|
30 September |
|
| Rm |
2010 |
|
2009 |
|
% change |
|
2009 |
|
| Reconciliation of headline earnings |
|
|
|
|
|
|
|
|
| Profit for the period from continuing operations |
669 |
|
438 |
|
52.7 |
|
1 117 |
|
| Less: |
|
|
|
|
|
|
|
|
| Preference shareholders |
(28) |
|
(37) |
|
|
|
(73) |
|
| Non-controlling interest |
(90) |
|
(33) |
|
|
|
(114) |
|
| Earnings used in the calculation of basic |
|
|
|
|
|
|
|
|
| earnings per share from continuing operations |
551 |
|
368 |
|
49.7 |
|
930 |
|
| Adjusted for: |
|
|
|
|
|
|
|
|
| Gain on bargain purchase |
(44) |
|
|
|
|
|
|
|
| Impairment of investments |
|
|
|
|
|
|
2 |
|
| Impairment of land and buildings |
|
|
10 |
|
|
|
13 |
|
| Reversal of impairment of land and buildings |
(1) |
|
|
|
|
|
|
|
| Profit on disposal of property, plant and |
|
|
|
|
|
|
|
|
| equipment |
(1) |
|
(4) |
|
|
|
(5) |
|
| Tax effect of headline adjusting items |
|
|
1 |
|
|
|
2 |
|
| Non-controlling share of headline adjusting |
|
|
|
|
|
|
|
|
| items |
22 |
|
|
|
|
|
|
|
| Headline earnings from continuing operations |
527 |
|
375 |
|
|
|
942 |
|
| Earnings from discontinued operation |
|
|
634 |
|
|
|
634 |
|
| Adjusted for: |
|
|
|
|
|
|
|
|
| Profit on disposal of discontinued operation |
|
|
(678) |
|
|
|
(678) |
|
| Tax effect of headline adjusting item |
|
|
90 |
|
|
|
90 |
|
| Headline earnings from discontinued operation |
|
|
46 |
|
|
|
46 |
|
| Headline earnings |
527 |
|
421 |
|
25.2 |
|
988 |
|
| Adjusted for: |
|
|
|
|
|
|
|
|
| Ineffectiveness arising from interest rate swaps |
36 |
|
2 |
|
|
|
5 |
|
| Non-controlling share of headline adjusting |
|
|
|
|
|
|
|
|
| item |
(18) |
|
(1) |
|
|
|
1 |
|
| Adjusted headline earnings |
545 |
|
422 |
|
29.1 |
|
994 |
|
| |
|
|
|
|
|
|
|
|
| Headline earnings per share (cents) |
|
|
|
|
|
|
|
|
| Basic |
41.5 |
|
33.3 |
|
24.6 |
|
78.2 |
|
| Continuing operations |
41.5 |
|
29.7 |
|
39.7 |
|
74.6 |
|
| Discontinued operation |
|
|
3.6 |
|
|
|
3.6 |
|
| Diluted |
40.0 |
|
33.3 |
|
20.1 |
|
77.5 |
|
| Continuing operations |
40.0 |
|
29.7 |
|
34.7 |
|
73.9 |
|
| Discontinued operation |
|
|
3.6 |
|
|
|
3.6 |
|
| Adjusted basic headline earnings per share |
42.9 |
|
33.4 |
|
28.4 |
|
78.7 |
|
| Continuing operations |
42.9 |
|
29.8 |
|
44.0 |
|
75.1 |
|
| Discontinued operation |
|
|
3.6 |
|
|
|
3.6 |
|
| |
|
|
|
|
|
|
|
|
|
