INTEGRATED ANNUAL
REPORT 2020

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Notes to the consolidated financial statements

Select notes to view   |  Currently Viewing: RECONCILIATION OF EARNINGS ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY TO HEADLINE EARNINGS AND ADJUSTED HEADLINE EARNINGS
4. RECONCILIATION OF EARNINGS ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY TO HEADLINE EARNINGS AND ADJUSTED HEADLINE EARNINGS
2020
Rm
2019
Rm
Loss attributable to equity holders of the company (896) (98)
Loss on disposal of property, plant and equipment 2 3
Impairment of property, plant and equipment 716 94
Fair value adjustment of investment properties 888 445
Impairment relating to RBH (associate) 17
Share of associates’ headline earnings adjustment 41 10
Total tax effect of adjustments (52) (27)
Total non-controlling interest effects of adjustments (500) (182)
Headline earnings 216 245
Transaction costs 3 32
Fair value adjustment on interest rate swaps (2)
Fair value adjustment on RDI investment 1
Restructuring costs 40 8
Pre-opening expenses 1
Impairment of inventory 2
Derecognition of Southern Sun Maputo deferred tax 30
Share of associates’ exceptional items 1 (1)
Total tax effects of other exceptional items (11) 1
Total non-controlling interest effects of exceptional items (4) (7)
Adjusted headline earnings(1) 278 277
Number of shares in issue (millions) 1 061 1 061
Weighted number of shares in issue (millions) 1 061 22
Basic and diluted headline earnings per share (cents) 20.4 1 126.1
Basic and diluted adjusted headline earnings per share (cents) 26.2 1 273.1
Dividends per share (cents) 22.98
(1) Adjusted headline earnings are defined as earnings attributable to equity holders of the company adjusted for after tax exceptional items (including headline adjustments) that are regarded as sufficiently material and unusual that they would distort the numbers if they were not adjusted. This measure is not required by IFRS, is audited and is commonly used in the industry.

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