The measures listed below are presented as management believes it to be relevant to the understanding of the Group's financial performance. These measures are used for internal performance analysis and provide additional, useful information on underlying trends to equity holders. These measures are not defined terms under International Financial Reporting Standards (IFRS) and may therefore not be comparable with similarly titled measures reported by other entities. It is not intended to be a substitute for, or superior to, measures as required by IFRS.
| Total | ||||||||
| Attributable earnings | Cents per share | |||||||
| 2022 R'000 |
2021 R'000 |
2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Headline earnings per share | ||||||||
| Basic | 1 028 911 | 756 917 | 117.34 | 86.16 | ||||
| Diluted | 1 028 911 | 756 917 | 114.34 | 83.26 | ||||
| Core | 1 061 080 | 787 580 | 121.01 | 89.65 | ||||
| Earnings attributable to ordinary equity holders | ||||||||
| Basic | 1 027 079 | 830 607 | 117.13 | 94.55 | ||||
| Diluted | 1 027 079 | 830 607 | 114.14 | 91.36 | ||||
| Continuing operations | ||||||||
| Attributable earnings | Cents per share | |||||||
| 2022 R'000 |
2021 R'000 |
2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Headline earnings per share | ||||||||
| Basic | 1 028 911 | 731 936 | 117.34 | 83.32 | ||||
| Diluted | 1 028 911 | 731 936 | 114.34 | 80.51 | ||||
| Core | 1 061 080 | 762 599 | 121.01 | 86.81 | ||||
| Earnings attributable to ordinary equity holders | ||||||||
| Basic | 1 027 079 | 805 286 | 117.13 | 91.67 | ||||
| Diluted | 1 027 079 | 805 286 | 114.14 | 88.57 | ||||
| Discontinued operations | |||||||
| Attributable earnings | Cents per share | ||||||
| 2022 R'000 |
2021 R'000 |
2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Headline earnings per share | |||||||
| Basic | — | 24 981 | — | 2.84 | |||
| Diluted | — | 24 981 | — | 2.75 | |||
| Core | — | 24 981 | — | 2.84 | |||
| Earnings attributable to ordinary equity holders | |||||||
| Basic | — | 25 321 | — | 2.88 | |||
| Diluted | — | 25 321 | — | 2.79 | |||
Weighted average number of shares
| 2022 '000 |
2021 '000 |
|||
|---|---|---|---|---|
| Weighted average number of ordinary shares | 876 857 | 878 463 | ||
| Adjusted for forfeitable shares | 23 006 | 31 334 | ||
| Weighted average number of ordinary shares for diluted earnings1 | 899 863 | 909 797 |
| 1 | The same weighted average number of shares for basic earnings per share is used for core headline earnings per share. |
| Total | ||||
| Profit/(loss) before tax and non- controlling interest R'000 |
Tax R'000 |
Non- controlling interest R'000 |
Headline earnings R'000 |
|
| 2022 | ||||
| Profit attributable to equity holders of the parent | 1 412 259 | (320 262) | (64 918) | 1 027 079 |
| Profit on disposal of property, plant and equipment | (1 383) | 387 | 27 | (969) |
| Profit on disposal of property, plant and equipment in associate | (32) | — | — | (32) |
| Impairment of property, plant and equipment | 3 580 | (1 003) | — | 2 577 |
| Remeasurement of non-current assets held-for-sale | 157 | (44) | (29) | 84 |
| Profit on disposal of intangible assets in joint venture | (270) | — | — | (270) |
| Dilution of holding in joint venture | 545 | — | (103) | 442 |
| Headline earnings | 1 028 911 | |||
| Continuing operations | ||||
| Profit/(loss) before tax and non- controlling interest R'000 |
Tax R'000 |
Non- controlling interest R'000 |
Headline earnings R'000 |
|
| 2022 | ||||
| Profit attributable to equity holders of the parent | 1 412 259 | (320 262) | (64 918) | 1 027 079 |
| Profit on disposal of property, plant and equipment | (1 383) | 387 | 27 | (969) |
| Profit on disposal of property, plant and equipment in associate | (32) | — | — | (32) |
| Impairment of property, plant and equipment | 3 580 | (1 003) | — | 2 577 |
| Remeasurement of non-current assets held-for-sale | 157 | (44) | (29) | 84 |
| Profit on disposal of intangible assets in joint venture | (270) | — | — | (270) |
| Dilution of holding in joint venture | 545 | — | (103) | 442 |
| Headline earnings | 1 028 911 | |||
| Discontinued operations | ||||
| Profit/(loss) before tax and non- controlling interest R'000 |
Tax R'000 |
Non- controlling interest R'000 |
Headline earnings R'000 |
|
| 2022 | ||||
| Profit attributable to equity holders of the parent | — | — | — | — |
| Profit on disposal of property, plant and equipment | — | — | — | — |
| Profit on disposal of property, plant and equipment in associate | ||||
| Impairment of property, plant and equipment | — | — | — | — |
| Remeasurement of non-current assets held-for-sale | — | — | — | — |
| Profit on disposal of intangible assets in joint venture | — | — | — | — |
| Dilution of holding in joint venture | — | — | — | — |
| Headline earnings | — | |||
| Total | ||||
| Profit/(loss) before tax and non -controlling interest R'000 |
Tax R'000 |
Non- controlling interest R'000 |
Headline earnings R'000 |
|
| 2021 | ||||
| Profit attributable to equity holders of the parent | 1 136 968 | (258 952) | (47 409) | 830 607 |
| Profit on disposal of property, plant and equipment | (1 016) | 284 | — | (732) |
| Impairment of property, plant and equipment | 5 559 | (1 557) | — | 4 002 |
| Impairment of intangible assets | 754 | (211) | — | 543 |
| Profit on disposal of joint venture | (26 955) | — | — | (26 955) |
| Loss on disposal of joint venture | 1 990 | — | — | 1 990 |
| FCTR recycled on the disposal of investment in joint venture | (52 538) | — | — | (52 538) |
| Headline earnings | 756 917 | |||
| Continuing operations | ||||
| Profit/(loss) before tax and non- controlling interest R'000 |
Tax R'000 |
Non- controlling interest R'000 |
Headline earnings R'000 |
|
| 2021 | ||||
| Profit attributable to equity holders of the parent | 1 102 111 | (249 416) | (47 409) | 805 286 |
| Profit on disposal of property, plant and equipment | (544) | 152 | — | (392) |
| Impairment of property, plant and equipment | 5 559 | (1 557) | — | 4 002 |
| Impairment of intangible assets | 754 | (211) | — | 543 |
| Profit on disposal of joint venture | (26 955) | — | — | (26 955) |
| Loss on disposal of joint venture | 1 990 | — | — | 1 990 |
| FCTR recycled on the disposal of investment in joint venture | (52 538) | — | — | (52 538) |
| Headline earnings | 731 936 | |||
| Discontinued operations | ||||
| Profit/(loss) before tax and non- controlling interest R'000 |
Tax R'000 |
Non- controlling interest R'000 |
Headline earnings R'000 |
|
| 2021 | ||||
| Profit attributable to equity holders of the parent | 34 857 | (9 536) | — | 25 321 |
| Profit on disposal of property, plant and equipment | (472) | 132 | — | (340) |
| Impairment of property, plant and equipment | — | — | — | — |
| Impairment of intangible assets | — | — | — | — |
| Profit on disposal of joint venture | — | — | — | — |
| Loss on disposal of joint venture | — | — | — | — |
| FCTR recycled on the disposal of investment in joint venture | — | — | — | — |
| Headline earnings | 24 981 | |||
| Total | Continuing operations | Discontinued operations | |||||||
| 2022 R'000 |
2021 R'000 |
2022 R'000 |
2021 R'000 |
2022 R'000 |
2021 R'000 |
||||
|---|---|---|---|---|---|---|---|---|---|
| Reconciliation between net profit for the period and core headline earnings for the period: |
|||||||||
| Net profit for the period | 1 027 079 | 830 607 | 1 027 079 | 805 286 | — | 25 321 | |||
| Amortisation of intangibles raised through business combinations net of tax and non-controlling interest | 32 169 | 30 663 | 32 169 | 30 663 | — | — | |||
| Core net profit for the period | 1 059 248 | 861 270 | 1 059 248 | 835 949 | — | 25 321 | |||
| Headline earnings adjustments | 1 832 | (73 690) | 1 832 | (73 350) | — | (340) | |||
| Core headline earnings | 1 061 080 | 787 580 | 1 061 080 | 762 599 | — | 24 981 | |||
