| R million | % change |
2020 | 2019* | |||||
| Headline earnings reconciliation | ||||||||
| Earnings | (303) | 3 438 | ||||||
| – Continuing operations | 42 | (232) | ||||||
| – Discontinued operations | (345) | 3 670 | ||||||
| Recoupment from the disposal of property, plant and equipment (IAS 16) | (54) | (47) | ||||||
| Loss on disposal of intangible assets (IAS 38) | 4 | 3 | ||||||
| Impairment of property, plant and equipment (IAS 36) | 89 | 16 | ||||||
| Impairment of right-of-use assets (IFRS 16) | 140 | |||||||
| Impairment of intangible assets (IAS 36) | 121 | 6 | ||||||
| Impairment of goodwill (IAS 36) | 223 | 1 139 | ||||||
| Impairment of investment in associates and joint ventures (IAS 28) | 2 | 26 | ||||||
| Loss on disposal of subsidiaries and businesses (IFRS 10) | 23 | |||||||
| Profit on disposal of investment in associates (IAS 28) | (40) | (64) | ||||||
| Remeasurements included in share of result of associates and joint ventures | (3) | |||||||
| Foreign exchange gain reclassified to profit or loss (IAS 21) | (160) | |||||||
| Tax effects of remeasurements | (89) | 10 | ||||||
| Non-controlling interests’ share of remeasurements | (6) | 16 | ||||||
| Net headline earning adjustments for discontinued operations | 248 | (3 254) | ||||||
| Headline earnings | 198 | 1 286 | ||||||
| – Continuing operations | (66) | 295 | 870 | |||||
| – Discontinued operations | (97) | 416 | ||||||
| Headline earnings per share (cents)^ | ||||||||
| Continuing operations | ||||||||
| – Basic | (65) | 156 | 448 | |||||
| – Diluted | (66) | 151 | 448 | |||||
| Discontinued operations | ||||||||
| – Basic | (51) | 215 | ||||||
| – Diluted | (50) | 215 | ||||||
| Total operations | ||||||||
| – Basic | 105 | 663 | ||||||
| – Diluted | 101 | 663 | ||||||
| ADDITIONAL INFORMATION | ||||||||
| Net asset value per share | 3 783 | 3 960 | ||||||
| Dividend per ordinary share (cents) | 167 | 244 | ||||||
| Number of ordinary shares in issue (million) | ||||||||
| – Total shares | 202,1 | 201,2 | ||||||
| – Net of shares repurchased | 193,5 | 196,3 | ||||||
| – Weighted average for basic | 188,6 | 193,9 | ||||||
| – Weighted average for diluted | 195,2 | 193,9 | ||||||
| Number of other shares (million) | ||||||||
| – Deferred ordinary shares to convert to ordinary shares | 4,2 | 5,0 |
| * | Restated for the adoption of IFRS 16 – Leases (refer to note 3) and re-presented for the European shipping business as a discontinued operation in terms of IFRS 5 – Non-current Assets Held for Sale and Discontinued Operations. |
| ^ | 2019 Headline earnings per share calculation based on Headline Earnings Circular 1/2019. |