Note 9: Earnings per share

for the six months ended 30 September 2014

Reviewed
Six months ended
30 September 2014
Restated
Six months ended
30 September 2013
Audited
Year ended
31 March 2014
Rm Rm Rm
Total operations
Basic earnings per share (cents) 217.4 566.2 748.5
Diluted earnings per share (cents) 213.7 566.2 744.8
Headline earnings per share (cents) 215.8 649.8 851.4
Diluted headline earnings per share (cents) 212.1 649.8 847.1
Continuing operations
Basic earnings per share (cents) 217.4 569.7 758.1
Diluted earnings per share (cents) 213.7 569.7 754.3
Headline earnings per share (cents) 215.8 653.3 861.0
Diluted headline earnings per share (cents) 212.1 653.3 856.6
Discontinued operations
Basic loss per share (cents) (3.5) (9.6)
Diluted loss per share (cents) (3.5) (9.5)
Headline loss per share (cents) (3.5) (9.6)
Diluted headline loss per share (cents) (3.5) (9.5)
Reconciliation of weighted average number of ordinary shares:
Ordinary shares in issue 520 783 900 520 783 900 520 783 900
Weighted average number of treasury shares (10 190 084) (10 190 084) (10 190 084)
Weighted average number of shares outstanding 510 593 816 510 593 816 510 593 816
Reconciliation of diluted weighted average number of ordinary shares
Weighted average number of shares outstanding 510 593 816 510 593 816 510 593 816
Expected future vesting of shares 8 783 562 2 587 629
Diluted weighted average number of shares outstanding 519 377 378 510 593 816 513 181 445
Total operations
Reconciliation between earnings and headline earnings:
Profit for the year 1 156 2 946 3 943
Non-controlling interests (46) (55) (121)
Profit attributable to equity holders of Telkom 1 110 2 891 3 822
Adjustments:
Profit on disposal of property, plant and equipment and intangible assets (53) (7) (77)
Loss on disposal of subsidiary 23
Impairment loss on property, plant and equipment and intangible assets 19 392 392
Write-offs of property, plant and equipment and intangible assets 23 57 240
Taxation effects 3 (15) (53)
Headline earnings 1 102 3 318 4 347
Continuing operations:
Reconciliation between earnings and headline earnings:
Profit from continuing operations 1 156 2 964 3 992
Non-controlling interest (46) (55) (121)
Earnings from continuing operations attributable to equity holders of Telkom 1 110 2 909 3 871
Adjustments:
Profit on disposal of property, plant and equipment and intangible assets (53) (7) (77)
Loss on disposal of subsidiary 23
Impairment loss on property, plant and equipment and intangible assets 19 392 392
Write-offs of property, plant and equipment and intangible assets 23 57 240
Taxation effects 3 (15) (53)
Headline earnings 1 102 3 336 4 396
Discontinued operations
Reconciliation between earnings and headline earnings:
Loss from discontinued operation (18) (49)
Loss attributable to Owners of Telkom (18) (49)
Headline earnings (18) (49)