| |
|
|
| CALCULATION OF HEADLINE AND CORE HEADLINE EARNINGS |
|
|
| |
Year ended
31 March 2008
R’m |
Year ended
31 March 2007
R’m |
| Net profit attributable to shareholders |
3 418 |
1 999 |
| Adjusted for: |
|
|
| – impairment of goodwill and other assets |
48 |
114 |
| – profit on sale of property, plant and equipment |
(15) |
(8) |
| – discontinuance of operations |
82 |
— |
| – gain on loan settlement |
(87) |
— |
| – loss on sale of investments |
512 |
279 |
| – impairment of equity-accounted investments |
348 |
176 |
| |
4 306 |
2 560 |
| Total tax effects of adjustments |
(486) |
(4) |
| Total minority interest of adjustments |
(14) |
4 |
| Headline earnings |
3 806 |
2 560 |
| Discontinued operations |
(258) |
(157) |
| Headline earnings from continuing operations |
3 548 |
2 403 |
| Headline earnings |
3 806 |
2 560 |
| Adjusted for: |
|
|
| – creation of deferred tax assets |
(244) |
(30) |
| – treasury-settled share schemes charge |
47 |
42 |
| – amortisation of intangible assets |
410 |
173 |
| – fair value adjustments and currency translation differences |
(71) |
109 |
| Core headline earnings |
3 948 |
2 854 |
| Discontinued operations |
48 |
(26) |
| Core headline earnings from continuing operations |
3 996 |
2 828 |
