| Notes to the summarised consolidated financial statements l
Note 3 |
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2016 |
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| 3 |
EARNINGS AND HEADLINE EARNINGS PER SHARE |
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Earnings and headline earnings per share |
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Earnings per share (cents) (basic and diluted) |
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4 867 |
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1 491 |
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Headline earnings per share (cents) (basic and diluted) |
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5 049 |
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1 690 |
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The above calculations were determined using the following information: |
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R’000 |
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R’000 |
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Earnings |
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Profit attributable to shareholders of the holding company |
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5 021 171 |
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1 539 363 |
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Headline earnings |
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Earnings as above |
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5 021 171 |
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1 539 363 |
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Adjusted for: |
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Impairment of non-financial assets in joint-venture entity |
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70 414 |
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145 950 |
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– before taxation |
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96 501 |
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202 709 |
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– taxation effect |
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(26 087) |
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(56 759) |
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Impairment of Dwarsrivier upon sale in joint-venture entity |
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373 014 |
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— |
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Bargain purchase gain (Dwarsrivier) (refer note 2.1) |
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(256 755) |
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— |
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Impairment of non-financial assets in subsidiaries – attributable |
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— |
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23 168 |
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Impairment of non-financial assets in group (before non-controlling shareholder’s portion) |
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— |
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41 371 |
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– before taxation |
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— |
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41 371 |
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– taxation effect |
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— |
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— |
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Less: Non-controlling shareholder’s portion |
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— |
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(18 203) |
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Impairment of financial assets |
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— |
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23 547 |
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– before taxation |
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— |
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30 344 |
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– taxation effect |
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— |
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(6 797) |
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Impairment of goodwill |
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— |
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24 315 |
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Loss/(profit) on disposal of property, plant and equipment in joint-venture entity |
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1 202 |
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(5 995) |
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– before taxation |
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1 670 |
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(8 326) |
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– taxation effect |
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(468) |
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2 331 |
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Relief realised on disposal of subsidiary |
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— |
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(6 176) |
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– before taxation |
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— |
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(8 578) |
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– taxation effect |
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— |
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2 402 |
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Loss on disposal of property, plant and equipment in subsidiaries |
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— |
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4 |
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– before taxation |
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— |
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5 |
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– taxation effect |
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— |
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(1) |
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5 209 046 |
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1 744 176 |
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Shares in issue |
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Weighted number of ordinary shares in issue (‘000) |
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Ordinary shares in issue |
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139 607 |
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139 607 |
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Treasury shares held in trust |
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(36 430) |
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(36 400) |
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Weighted average number of shares in issue for the year |
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103 177 |
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103 207 |
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| Notes to the summarised consolidated financial statements l Note 3 |
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