Note 9: Earnings per share

For the year ended 31 march 2014

  2014 Restated
2013
  Rm Rm
Earnings per share
Total operations
Basic earnings/(loss) per share (cents) 748.5 (2 303.0)
Diluted earnings/(loss) per share (cents) 744.8 (2 303.0)
Headline earnings per share (cents)* 851.4 60.1
Diluted headline earnings per share (cents)* 847.1 60.1
Continuing operations    
Basic earnings/(loss) per share (cents) 758.1 (2 282.6)
Diluted earnings/(loss) per share (cents) 754.3 (2 282.6)
Headline earnings per share (cents)* 861.0 86.2
Diluted headline earnings per share (cents)* 856.6 86.2
Discontinued operation    
Basic loss per share (cents) (9.6) (20.4)
Diluted loss per share (cents) (9.5) (20.4)
Headline loss per share (cents)* (9.6) (26.1)
Diluted headline loss per share (cents)* (9.5) (26.1)
Reconciliation of weighted average number of ordinary shares: Number of shares Number of shares
Ordinary shares in issue 520 783 900 520 783 900
Weighted average number of treasury shares 10 190 084 10 190 084
Weighted average number of shares outstanding 510 593 816 510 593 816
Reconciliation of diluted weighted average number of ordinary shares    
Weighted average number of shares outstanding 510 593 816 510 593 816
Expected future vesting of shares 2 587 629 -
Diluted weighted average number of shares outstanding 513 181 445 510 593 816
*The disclosure of headline earnings is a requirement of the JSE Limited and is not a recognised measure under IFRS. It has been calculated in accordance with the South African Institute of Chartered Accountants' circular 2/2013 issued in this regard.
Total operations    
Reconciliation between earnings and headline earnings:***    
Profit/(loss) for the year 3 943 (11 636)
Non-controlling interests (121) (123)
Profit/(loss) attributable to Owners of Telkom 3 822 (11 759)
Profit on disposal of property, plant and equipment and intangible assets (77) (39)
Loss on disposal of subsidiary 23 -
Impairment loss on property, plant and equipment and intangible assets** 392 12 000
Profit on disposal of joint venture - (30)
Write-offs of property, plant and equipment and intangible assets 240 178
Taxation effects (53) (43)
Headline earnings 4 347 307
Continuing operations    
Reconciliation between earnings and headline earnings:***    
Profit/(loss) from continuing operations 3 992 11 532
Non-controlling interests (121) (123)
Profit/(loss) attributable to Owners of Telkom 3 871 (11 655)
Profit on disposal of property, plant and equipment and intangible assets (77) (39)
Loss on disposal of subsidiary 23 -
Impairment loss on property, plant and equipment and intangible assets** 392 12 000
Write-offs of property, plant and equipment and intangible assets 240 177
Taxation effects (53) (43)
Headline earnings 4 396 440
Discontinued operation    
Reconciliation between earnings and headline earnings:***    
Loss from discontinued operation (49) (104)
Loss attributable to Owners of Telkom (49) (104)
Profit on disposal of joint venture - 30
Write-offs of property, plant and equipment and intangible assets - 1
Headline loss (49) (133)
*Restated due to the adoption of IAS19R.