GROUP STATEMENT OF HEADLINE EARNINGS

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  Change 
  Reviewed 
year ended 
30 June 
2019 
R’million 
  Restated  
reviewed*
year ended  
30 June  
2018  
R’million  
 
HEADLINE EARNINGS^                   
Reconciliation of headline earnings                   
Profit attributable to equity holders of the parent  19     7 182     6 037     
Adjusted for:                   
Continuing operations                   
– Net impairment of property, plant and equipment (net of tax)       405     48     
– Impairment of intangible assets (net of tax)       2 274     606     
– Impairment of goodwill (net of tax)       107     –     
– Loss on the sale of tangible and intangible assets (net of tax)       47     40     
– Impairment of available-for-sale financial assets (net of tax)       55     –     
Discontinued operations                   
– Profit on sale of discontinued operations (net of tax)**        (4 346)    –     
   (15)    5 724     6 731     
Headline earnings                   
From continuing operations  (11)    5 603     6 315     
From discontinued operations        121     416     
   (15)    5 724     6 731     
             
HEADLINE EARNINGS PER SHARE                   
Headline earnings per share (cents)                  
From continuing operations  (11)    1 227,6     1 383,5     
From discontinued operations        26,4     91,2     
   (15)    1 254,0     1 474,7     
Diluted headline earnings per share (cents)                  
From continuing operations  (11)    1 227,6     1 383,5     
From discontinued operations        26,4     91,2     
   (15)    1 254,0     1 474,7     
             
NORMALISED HEADLINE EARNINGS                   
Reconciliation of normalised headline earnings                   
Headline earnings  (15)    5 724     6 731     
Adjusted for:                   
Continuing operations                   
– Restructuring costs (net of tax)       100     144     
– Transaction costs (net of tax)       547     358     
– Foreign exchange loss/(gain) on acquisitions (net of tax)          (178)    
– Product litigation costs (net of tax)       459     293     
– Reversal of deferred consideration no longer payable (net of tax)       (264)    –     
Discontinued operations                   
– Restructuring costs (net of tax)       16     –     
– Transaction costs (net of tax)       216     5     
– Foreign exchange gains on disposals (net of tax)       (114)    –     
   (9)    6 693     7 353     
Normalised headline earnings                   
From continuing operations  (7)    6 454     6 932     
From discontinued operations        239     421     
   (9)    6 693     7 353     
             
NORMALISED HEADLINE EARNINGS PER SHARE                   
Normalised headline earnings per share (cents)                  
From continuing operations  (7)    1 414,3     1 518,4     
From discontinued operations        52,1     92,4     
   (9)    1 466,4     1 610,8     
Normalised diluted headline earnings per share (cents)                  
From continuing operations  (7)    1 414,3     1 518,4     
From discontinued operations        52,1     92,4     
   (9)    1 466,4     1 610,8     
* Please refer to note K regarding the restatements as a result of the adoption of IFRS 9 and IFRS 15 as well as note I relating to discontinued operations.
^ Headline earnings is disclosed net of income from non-controlling interests which are not material.
** Includes the fair value gain on revaluation of joint ventures.