Note 7: Earnings per share

For the year ended 31 march 2016

 
2016
Rm
Restated
2015
Rm
Earnings per share
Total operations    
Basic earnings per share (cents) 439.4 603.0
Diluted earnings per share (cents) 432.8 590.7
Headline earnings per share (cents) 330.0 593.2
Diluted headline earnings per share (cents) 325.1 581.1
Continuing operations  
Reconciliation of weighted average number of ordinary shares: Number of shares Number of shares
Ordinary shares in issue 526 948 700 520 783 900
Weighted average number of shares held by subsidiaries and in escrow (15 791 240) (10 190 084)
Weighted average number of shares outstanding 511 157 460 510 593 816
Reconciliation of diluted weighted average number of ordinary shares  
Weighted average number of shares outstanding 511 157 460 510 593 816
Expected future vesting of shares 7 808 223 10 654 715
Diluted weighted average number of shares outstanding 518 965 683 521 248 531
Total operations  
Reconciliation between earnings and headline earnings: Rm Rm
Profit for the year 2 376 3 184
Non-controlling interests (130) (105)
Profit attributable to Owners of Telkom 2 246 3 079
Profit on disposal of property, plant and equipment and intangible assets (704) (257)
Write-offs of property, plant and equipment and intangible assets 170 220
Taxation effects (25) (13)
Headline earnings 1 687 3 029
Dividend per share (cents)    
The calculation of dividend per share is based on dividends of R1 291 million declared on 5 June 2015 and 526 948 700 number of ordinary shares outstanding on the date of dividend declaration. The dividend declared is made up of an ordinary dividend of 215 cents per share and a special dividend of 30 cents per share.