for the year ended 31 March 20114
Restated |
2011 |
|
|---|---|---|
Rm |
Rm |
|
| Earnings per share | ||
| Total operations | ||
| Basic and diluted earnings per share (cents)** | 7,425.7 | 239.9 |
| Headline earnings and diluted headline earnings per share (cents)* | 67.8 | 332.3 |
| Continuing operations | ||
| Basic and diluted earnings per share (cents)** | 7,994.4 | 411.3 |
| Headline earnings and diluted headline earnings per share (cents)* | 260.5 | 434.2 |
| Discontinuing operations | ||
| Basic and diluted earnings per share (cents)** | (568.8) | (171.3) |
| Headline earnings and diluted headline earnings per share (cents)* | (192.7) | (101.8) |
| Reconciliation of weighted average number of ordinary shares: | ||
| Ordinary shares in issue | 520,783,900 | 520,783,900 |
| Weighted average number of treasury shares | (16,346,068) | (11,472,604) |
| Weighted average number of shares outstanding | 504,437,832 | 509,311,296 |
| Reconciliation of diluted weighted average number of ordinary shares | ||
| Weighted average number of shares outstanding | 504,437,832 | 509,311,296 |
| Expected future vesting of shares | - | - |
| Diluted weighted average number of shares outstanding | 504,437,832 | 509,311,296 |
| *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 3/2009 issued in this regard. | ||
| **The Telkom Conditional Share Plan was concluded with a final vesting in June 2010, therefore no adjustment in the weighted average number of shares as a result of the expected future vesting of shares allocated to employees under this plan. Due to the plan being concluded, there is no further dilutive effect on basic earnings per share. | ||
| Total operations | ||
| Reconciliation between earnings and headline earnings: | ||
| Profit from total operations | 37,585 | 1,342 |
| Non-controlling interests | (127) | (120) |
| Earnings as reported | 37,458 | 1,222 |
| Profit on disposal of investments | (18,603) | - |
| Profit on disposal of property, plant and equipment and intangible assets | (32) | (182) |
| Impairment loss on property, plant and equipment and intangible assets | 5,163 | 494 |
| Write-offs of property, plant and equipment and intangible assets | 317 | 186 |
| Gain on distribution of assets | (25,688) | - |
| Tax effects | 1,727 | (27) |
| Headline earnings | 342 | 1,693 |
| Continuing operations | ||
| Reconciliation between earnings and headline earnings: | ||
| Profit from continuing operations | 40,454 | 2,215 |
| Non-controlling interests | (127) | (120) |
| Earnings from continuing operations attributable to equity holders of Telkom | 40,327 | 2,095 |
| Profit on disposal of investments | (18,603) | - |
| Profit on disposal of property, plant and equipment and intangible assets | (32) | (182) |
| Write-offs of property, plant and equipment and intangible assets | 317 | 186 |
| Gain on distribution of assets | (25,688) | - |
| Tax effects | 1,727 | (27) |
| Headline earnings | 1,314 | 2,212 |
| Discontinuing operations | ||
| Reconciliation between earnings and headline earnings: | ||
| Loss from discontinued operations | (2,869) | (873) |
| Non-controlling interests | - | - |
| Earnings from discontinued operations attributable to equity holders of Telkom | (2,869) | (873) |
| Impairment loss on property, plant and equipment and intangible assets | 1,897 | 354 |
| Headline earnings | (972) | (519) |
| Dividend per share | ||
| Dividend per share (cents) | 375.0 | 300.0 |
| The calculation of dividend per share is based on dividends of R1,532 million (2010: R1,894 million) and 510,638,013 (2010: 505,008,190) number of ordinary shares outstanding on the date of dividend declaration. | ||
| Vodacom dividend (cents) | 7,750.0 | - |
| The Vodacom dividend consists of a once-off cash dividend of Nil cents (2010: 1,900.0 cents) per share totalling RNil million (2010: R9,740 million) and a 35% unbundling share valued at Nil cents (2010: 5,850.0 cents) per share with a total value of RNil million (2010: R29,990 million). |