| |
Attributable earnings
R’m |
|
Weighted average number
of shares (’000) |
|
Cents per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2018 |
|
2018 |
|
2018 |
|
| EPS – basic |
2 569 |
|
1 575 |
|
1 456 430 |
|
1 450 710 |
|
176.4 |
|
108.6 |
|
| EPS – diluted |
2 569 |
|
1 575 |
|
1 461 449 |
|
1 456 525 |
|
175.8 |
|
108.1 |
|
| HEPS – basic |
1 291 |
|
1 579 |
|
1 456 430 |
|
1 450 710 |
|
88.7 |
|
108.8 |
|
| HEPS – diluted |
1 291 |
|
1 579 |
|
1 461 449 |
|
1 456 525 |
|
88.4 |
|
108.3 |
|
| Normalised EPS (NEPS) |
1 695 |
|
1 598 |
|
1 456 430 |
|
1 450 710 |
|
116.4 |
|
110.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total dividend (R’m) |
|
Total number of issued
shares (’000) |
|
Cents per share |
|
| DPS – ordinary shares |
|
|
|
|
|
|
|
|
|
|
|
|
- Final (previous financial year)
|
734 |
|
652 |
|
1 467 349 |
|
1 449 391 |
|
50 |
|
45 |
|
|
587 |
|
556 |
|
1 467 349 |
|
1 463 980 |
|
40 |
|
38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The cash portion of the total dividend was subject to dividend withholding tax at a rate of 20%, which resulted in a net
final dividend, for the year ended 30 September 2018, of 40.0 cents per ordinary share and net interim dividend of
32.0 cents per ordinary share to those shareholders who are not exempt in terms of section 64F of the Income Tax Act.
| |
2019 |
|
2018 |
|
|
|
|
|
|
|
|
|
|
| |
Gross
amount
R’m |
|
Net
amount
R’m |
|
| Headline earnings reconciliation |
|
|
|
|
|
|
|
|
| Profit attributable to ordinary equity holders |
2 569 |
|
2 569 |
|
1 575 |
|
1 575 |
|
| Adjustments (net of tax): |
|
|
|
|
|
|
|
|
| Impairment of assets and investments |
164 |
|
140 |
|
34 |
|
34 |
|
| Profit on disposal of investment in joint venture |
(1 501) |
|
(1 407) |
|
– |
|
– |
|
| Profit on disposal of investment in subsidiary |
(11) |
|
(11) |
|
– |
|
– |
|
| Profit on disposal of property, plant and equipment |
– |
|
– |
|
(35) |
|
(30) |
|
| Headline earnings |
1 221 |
|
1 291 |
|
1 574 |
|
1 579 |
|
|
|
|
|
|
|
|
|
|
Difference between gross and net amount relates to tax.
| |
2018
’000 |
|
| Reconciliation between weighted average number of shares and diluted number of shares |
|
|
|
|
| Issued ordinary shares – at the beginning of the year |
1 467 349 |
|
1 449 391 |
|
| Shares issued as a result of scrip distributions |
– |
|
11 488 |
|
| Effect of treasury shares |
(10 919) |
|
(10 169) |
|
| Weighted average number of shares at the end of the year |
1 456 430 |
|
1 450 710 |
|
| Effect of dilutive potential ordinary shares – treasury shares |
5 019 |
|
5 815 |
|
| Diluted weighted average number of shares at the end of the year |
1 461 449 |
|
1 456 525 |
|
|
|
|
|
|
Normalised earnings per share (NEPS)
The presentation of normalised earnings is not an IFRS requirement and is a measurement used by the chief operating decision maker (CODM). The calculation of NEPS excludes non-trading related items as listed below and is based on the normalised profit attributable to equity holders of the parent, divided by the weighted average number of ordinary shares during the year. Investors should not consider normalised earnings or NEPS in isolation or as an alternative to operating profit, profit after tax or any other measure of financial performance presented in the consolidated financial statements. Normalised earnings and NEPS as disclosed below may not be comparable to other similarly titled measures of performance of other companies.
| |
R’m |
|
| Profit attributable to ordinary equity holders |
2 569 |
|
1 575 |
|
| Adjustments (net of tax): |
|
|
|
|
| Retirement benefit asset and post-employment medical aid income |
(28) |
|
(24) |
|
| Fair value adjustments to contingent consideration |
(2) |
|
18 |
|
| Fair value loss/(profit) on the Max foreign exchange option contracts |
292 |
|
(17) |
|
| Gain on derecognition of lease assets and liabilities |
– |
|
(71) |
|
| Impairment of assets and investments |
140 |
|
34 |
|
| Profit on disposal of investment in joint venture |
(1 407) |
|
– |
|
| Profit on disposal of investment in subsidiary |
(11) |
|
– |
|
| Profit on disposal of property, plant and equipment |
– |
|
(30) |
|
| Transaction costs relating to acquisitions and disposals |
148 |
|
38 |
|
| Other |
30 |
|
75 |
|
| Unwinding of contingent consideration |
44 |
|
– |
|
| Deferred tax raised on historical losses |
(80) |
|
– |
|
| Normalised earnings |
1 695 |
|
1 598 |
|
| NEPS (cents) |
116.4 |
|
110.2 |
|
|
|
|
|
|
|