Note 9: Earnings per share

For the year ended 31 march 2015

 
2015
Rm
Restated
2014
Rm
Earnings per share
Total operations    
Basic earnings per share (cents) 617,1 748,5
Diluted earnings per share (cents) 604,5 744,8
Headline earnings per share (cents)* 607,3 851,4
Diluted headline earnings per share (cents)* 594,9 847,1
Continuing operations    
Basic earnings per share (cents) 565,8 703,1
Diluted earnings per share (cents) 554,2 699,6
Headline earnings per share (cents)* 556,0 806,0
Diluted headline earnings per share (cents)* 544,6 801,9
Discontinued operations    
Basic earnings per share (cents) 51,3 45,4
Diluted earnings per share (cents) 50,3 45,2
Headline earnings per share (cents)* 51,3 45,4
Diluted headline earnings per share (cents)* 50,3 45,2
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 shares held by subsidiaries and in Escrow (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 10 654 715 2 587 629
Diluted weighted average number of shares outstanding 521 248 531 513 181 445
*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:*** Rm Rm
Profit for the year 3 256 3 943
Non-controlling interests (105) (121)
Profit attributable to Owners of Telkom 3 151 3 822
Profit on disposal of property, plant and equipment and intangible assets (257) (77)
Loss on disposal of subsidiary - 23
Impairment loss on property, plant and equipment and intangible assets** - 392
Write-offs of property, plant and equipment and intangible assets 220 240
Taxation effects (13) (53)
Headline earnings 3 101 4 347
Reconciliation between earnings and headline earnings:***    
Profit from continuing operations 2 889 3 590
Profit attributable to Owners of Telkom 2 889 3 590
Profit on disposal of property, plant and equipment and intangible assets (257) (77)
Loss on disposal of subsidiary - 23
Impairment loss on property, plant and equipment and intangible assets** - 392
Write-offs of property, plant and equipment and intangible assets 220 240
Taxation effects (13) (53)
Headline earnings 2 839 4 115
Discontinued operations
Reconciliation between earnings and headline earnings:***
Profit from discontinued operation 367 353
Non-controlling interests (105) (121)
Profit attributable to Owners of Telkom 262 232
Headline earnings 262 232
**The impairment resulted in deferred taxation consequences that were not recognised in the Statement of Financial Position in the prior financial year.
***The amounts have been restated due to the reclassification of the Trudon Group as a discontinued operation.