Unaudited interim results
for the six months ended
31 December 2020

Earnings per share information
for the six months ended 31 December 2020



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R million 
change 
   Six months 
ended 
December 
2020 
Six months 
ended 
December 
2019* 
Financial 
year ended 
June 
2020 
Headline earnings reconciliation 
Earnings  814  423  (303)
– Continuing operations  (61)    232  590  42 
– Discontinued operations  582  (167) (345)
Recoupment from the disposal of property, plant and equipment (IAS 16) (31) (41) (54)
Loss on disposal of intangible assets (IAS 38)
Impairment of property, plant and equipment (IAS 36) 89 
Impairment of right-of-use assets (IFRS 16) 140 
Impairment of intangible assets (IAS 36) 121 
Impairment of goodwill (IAS 36) 11  223 
(Impairment reversal) impairment of investment in associates and joint ventures (IAS 28) (2)
Loss on disposal of subsidiaries, associates and businesses (IFRS 10 and IAS 28) 54  20  (17)
Impairment of businesses held-for-sale  415 
Foreign exchange gain reclassified to profit or loss (IAS 21) (364) (160)
Tax effects of remeasurements  10  (89)
Non-controlling interests' share of remeasurements  13  (6)
Net headline earning adjustments for discontinued operations  (573) (69) 248 
Headline earnings ^  (4)    345  359  198 
– Continuing operations  (44)    336  595  295 
– Discontinued operations  (236) (97)
Headline earnings per share (cents) ^
Continuing operations 
– Basic  (43)    180  315  156 
– Diluted  (43)    173  305  151 
Discontinued operations 
– Basic  (125) (51)
– Diluted  (121) (50)
Total operations 
– Basic  185  190  105 
– Diluted  178  184  101 
ADDITIONAL INFORMATION 
Net asset value per share  3 718  4 024  3 783 
Dividend per ordinary share (cents) 83  167  167 
Number of ordinary shares in issue (million)
– total shares  202,1  201,2  202,1 
– net of shares repurchased  190,7  192,7  193,5 
– weighted average for basic  186,4  189,3  188,6 
– weighted average for diluted  193,5  195,4  195,2 
Number of other shares (million)
– Deferred ordinary shares to convert to ordinary shares  4,2  5,0  4,2 
^ Headline earnings per SAICA Headline Earnings Circular 1/2019.
* Represented for the classification of the European shipping business as a discontinued operation.