Headline earnings
for the year ended
| Download (EXCEL) |
| Rand million | Audited 31 December 2016 |
Audited 31 December 2015 |
||
| Reconciliation of headline earnings | ||||
| Profit attributable to owners of Kumba | 8,621 | 469 | ||
| Impairment charge | 4 | 5,978 | ||
| Net loss on disposal and scrapping of property, plant and equipment | 186 | 9 | ||
| Insurance proceeds | – | (29) | ||
| 8,811 | 6,427 | |||
| Taxation effect of adjustments | (54) | (1,644) | ||
| Non-controlling interest in adjustments | (33) | (991) | ||
| Headline earnings | 8,724 | 3,792 | ||
| Headline earnings (Rand per share) | ||||
| Basic | 27.30 | 11.82 | ||
| Diluted | 27.16 | 11.82 | ||
| The calculation of basic and diluted earnings and headline earnings per share is based on the weighted average number of ordinary shares in issue as follows: | ||||
| Weighted average number of ordinary shares | 319,520,658 | 320,817,364 | ||
| Diluted weighted average number of ordinary shares | 321,163,523 | 320,817,364 |
The dilution adjustment of 1,642,865 shares at 31 December 2016 (2015: zero) is a result of the vesting of share options previously granted under the various employee share incentive schemes.