Headline earnings

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   Six months 
ended 
30 November 
2018 
Unaudited 
R'000 
   Six months  
ended  
30 November  
2017  
Unaudited  
Restated*
R'000  
Year 
ended 
31 May 
2018 
Audited 
R'000 
(Loss)/profit attributable to equity holders of the parent  (116 532)    1 350 261   993 624 
Net profit on disposal of property, plant and equipment  (254)    (855)  (1 272)
Foreign currency translation reserve recycled to profit or loss  (143)    (2 340)  (3 097)
Profit on disposal of subsidiary       (2 824)  (2 824)
Fair value uplift on conversion from associate to subsidiary  (27 741)    –   – 
Impairment of intangible assets and property, plant and equipment  397     –   2 979 
Loss/(profit) on disposal of property, plant and equipment in associate  466     –   (12 075)
Impairment of intangible assets in associate  4 755     –   10 336 
Headline earnings  (139 052)    1 344 242   987 671 
Headline earnings per share (cents) (15.02)    166.86   115.42 
* As a result of the revised guidance in Circular 2/2017 the Group has restated its comparative financial information for changes in accounting policies. The effects of this change have already been taken into account in the reported May 2018 results.