R million 2009   2008  
Headline earnings per share (cents)    
– Basic 133.3   191.47  
– Diluted 133.1   187.81  
Ordinary dividend per share (cents)    
– Interim 34.0   44.25  
– Final 22.0   38.25  
Total dividend per ordinary share (cents) 56.0   82.50  
Headline earnings is calculated in terms of Circular 8/2007.    
Basic headline earnings
Basic headline earnings per share is calculated by dividing the Group’s ordinary equity holders after excluding separately identifiable remeasurements, net of tax and minority interest, by the weighted average number of ordinary shares in issue during the year, excluding the average number of ordinary shares purchased by the Group and held as treasury shares.
   
Earnings attributable to ordinary shareholders (R million) 6 939   9 922  
Weighted average number of ordinary shares in issue 5 206 910 888     5 181 964 244  
Diluted headline earnings
Diluted headline earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares.
   
Earnings attributable to ordinary shareholders (R million) 6 939   9 922  
Diluted weighted average number of shares in issue 5 213 551 371   5 283 101 659  
         
  2009 2008
 R million Gross   Net*  Gross   Net* 
Headline earnings reconciliation        
Banking Group 7 892   5 702   13 314   9 544  
Momentum Group 1 759   1 594   2 466   2 002  
Discovery Group –   –   374   234  
FirstRand Limited (Company) and consolidation entries 465   1   351   276  
Consolidation of share trusts (435)  (437)  (517)  (335) 
Dividend payment of non cumulative non redeemable         
preference shares (464)  (464)  (409)  (409) 
Consolidation of treasury shares: policyholders 105   105   (3)  (3) 
Attributable earnings to ordinary equity holders 9 322   6 501   15 576   11 309  
Adjusted for        
– Profit on sale of available-for-sale financial instruments (2)  (2)  (98)  (55) 
– Profit on sale of shares in subsidiary and associate 27   27   (678)  (598) 
– Net asset value in excess of purchase price of subsidiaries –   –   (24)  (24) 
– (Profit)/loss on sale of property and equipment 4   4   (4)  (3) 
– Loss on sale of MotorOne Advances book 203   203   –   –  
– Visa listing –   –   (1 052)  (853) 
– Loss on sale of Private Label book 39   28   –   –  
– Impairment of intangible assets 181   168   137   117  
– Other 10   10   29   29  
Headline earnings to ordinary equity holders 9 784   6 939   13 886   9 922  
*Net of tax and minority interest.        
  2009   2008  
Dividend information    
Dividend on non cumulative non redeemable preference share (cents)    
"B" preference share    
– 23 February 2009/25 February 2008 519   478  
– 31 August 2009/25 August 2008 423   511  
Total "B" preference share 942   989  
"B1" preference share    
– 23 February 2009/25 February 2008 519     478  
– 31 August 2009/25 August 2008 423   511  
Total "B1" preference share" 942   989  
Dividends declared (R million)    
Ordinary dividends 1 240   4 650  
Non cumulative non redeemable preference shares 424   445