| 2014
Millions |
2013 Millions |
||
32. |
Earnings per share |
||
| The weighted average number of ordinary shares in issue outside the Group for the purposes of basic earnings per share and the weighted average number of ordinary shares for diluted earnings per share are calculated as follows: | |||
| Number of ordinary shares issued | 632.21 | 632.21 | |
| Treasury shares | (16.23) | (16.23) | |
| Morokotso Trust | (8.87) | (8.86) | |
| Share Incentive Trust | (0.06) | (0.21) | |
| Number of ordinary shares issued outside the Group (note 18) | 607.05 | 606.91 | |
| Adjusted for weighted average number of ordinary shares issued during the year | (0.11) | (0.15) | |
| Weighted average number of ordinary shares in issue for basic earnings per share | 606.94 | 606.76 | |
| Adjusted for dilution effect for Implats Share Incentive Scheme (ISIS) | 0.03 | 0.11 | |
| Adjusted for dilution effect for Long-term Incentive Plan | 0.88 | 0.19 | |
| Convertible bonds | – | – | |
| Weighted average number of ordinary shares for diluted earnings per share | 607.85 | 607.06 | |
| Rm | Rm | ||
| Profit attributable to the owners of the Company | 8 | 1 015 | |
| Basic earnings | |||
| Basic earnings per share is calculated by dividing the profit attributable to the owners of the Company for the year by the weighted average number of ordinary shares in issue for basic earnings per share. | |||
| Cents | Cents | ||
| Basic earnings per share | 1 | 167 | |
| Diluted earnings | |||
| Diluted earnings per share is calculated by dividing the profit attributable to the owners of the Company for the year by the weighted average number of ordinary shares for diluted earnings per share. The convertible bonds could potentially dilute earnings per share in the future, but were anti-dilutive for the current year. | |||
| Diluted earnings per share (cents) | 1 | 167 | |
| Headline earnings | |||
| Profit attributable to owners of the Company is adjusted as follows: | Rm | Rm | |
| Profit attributable to owners of the Company | 8 | 1 015 | |
| Adjustments: | |||
| Profit on disposal of property, plant and equipment | (47) | (54) | |
| Impairment | 630 | 1 018 | |
| Scrapping of property, plant and equipment (note 26) | 223 | – | |
| Insurance compensation relating to scrapping of property, plant and equipment (note 26) | (112) | – | |
| Total tax effects of adjustments | (179) | 15 | |
| 523 | 1 994 | ||
| Headline earnings per share (cents) | Cents | Cents | |
| Basic | 86 | 329 | |
| Diluted | 86 | 328 |