Currently viewing: Share performance | Next: Segmental summary
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 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.
| Attributable earnings | Cents per share | ||||
| 2023 R'000 |
2022 R'000 |
2023 | 2022 | ||
| Headline earnings per share | |||||
| Basic | 370 356 | 1 028 911 | 41.97 | 117.34 | |
| Diluted | 370 356 | 1 028 911 | 41.41 | 114.34 | |
| Core | 401 961 | 1 061 080 | 45.55 | 121.01 | |
| Earnings attributable to ordinary equity holders | |||||
| Basic | 268 966 | 1 027 079 | 30.48 | 117.13 | |
| Diluted | 268 966 | 1 027 079 | 30.07 | 114.14 | |
| Weighted average number of shares | 2023 '000 |
2022 '000 |
|
| Weighted average number of ordinary shares | 882 530 | 876 857 | |
|---|---|---|---|
| Adjusted for forfeitable shares | 11 835 | 23 006 | |
| Weighted average number of ordinary shares for diluted earnings1 | 894 365 | 899 863 |
| 1 | The same weighted average number of shares for basic earnings per share is used for core headline earnings per share. |
| Profit/(loss) before tax and non- controlling interest R'000 |
Tax R'000 |
Non- controlling interest R'000 |
Headline earnings R'000 |
||
| 2023 | |||||
| Profit attributable to equity holders of the parent | 488 211 | (200 038) | (19 207) | 268 966 | |
| Net profit on disposal of property, plant and equipment | (1 919) | 518 | 27 | (1 374) | |
| Impairment of property, plant and equipment | 12 145 | (3 280) | — | 8 865 | |
| Reversal of impairment of investment in associate | (962 531) | — | — | (962 531) | |
| Net loss on disposal of property, plant and equipment in associate/joint venture | 6 403 | — | — | 6 403 | |
| Impairment of property, plant and equipment in associate | 330 129 | — | — | 330 129 | |
| Impairment of intangible assets in associate | 516 009 | — | — | 516 009 | |
| Impairment of leased assets in associate | 203 889 | — | — | 203 889 | |
| Headline earnings | 370 356 | ||||
| 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 joint venture | (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 |
| 2023 R'000 |
2022 R'000 |
||
| Reconciliation between net profit for the period and core headline earnings for the year: | |||
| Net profit for the year | 268 966 | 1 027 079 | |
| Amortisation of intangibles raised through business combinations net of tax and non-controlling interest | 31 605 | 32 169 | |
| Core net profit for the year | 300 571 | 1 059 248 | |
| Headline earnings adjustments | 101 390 | 1 832 | |
| Core headline earnings | 401 961 | 1 061 080 |
