Annual financial statements statement 2015
Supplement to the integrated annual report 30 June 2015
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GROUP FINANCIALS STATEMENTS

MENU Notes to the consolidated financial statements — for the year ended 30 June 2015

  1. Accounting policies
  2. Segment information
  3. Property, plant and equipment
  4. Exploration and evaluation assets
  5. Investment in equity-accounted entities
  6. Deferred tax
  7. Other financial assets
  8. Derivative financial instrument
  9. Prepayments
  10. Inventories
  11. Trade and other receivables
  12. Cash and cash equivalents
  13. Share capital
  14. Non-controlling interest
  15. Borrowings
  16. Other financial liabilities
  17. Sundry liabilities
  18. Provisions
  19. Trade and other payables
  20. Financial instruments and financial risk management
  21. Current tax
  22. Revenue
  23. Cost of sales
  24. Other operating income
  25. Other operating expenses
  26. Impairment
  27. Royalty (income)/expense
  28. Finance income
  29. Finance cost
  30. Other income
  31. Other expenses
  32. Income tax expense
  33. Earnings per share
  34. Dividends
  35. Cash generated from operations
  36. Contingent liabilities and guarantees
  37. Related-party transactions

33.  

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:  
   
    2015   2014  
    Millions   Millions  
  Number of ordinary shares issued outside the Group (note 13)  607.08   607.05  
  Adjusted for weighted average number of ordinary shares issued during the year   (0.01)  (0.11) 
 

Weighted average number of ordinary shares in issue for basic earnings per share  

 607.07   606.94  
  Adjusted for dilution effect for Implats Share Incentive Scheme (ISIS)  0.01   0.03  
  Adjusted for dilution effect for Long-term Incentive Plan   1.45   0.88  
  Convertible bonds   —   —  
 

Weighted average number of ordinary shares for diluted earnings per share  

 608.53   607.85  
    Rm   Rm  
  Profit/(loss) attributable to the owners of the Company   (3 663)  8  
 
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/(loss) per share  

 (603)  1  
 
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. Potential ordinary shares are only treated as dilutive when their conversion would decrease earnings per share or increase loss per share.      
 

Diluted earnings/(loss) per share (cents) 

 (603)  1  
 
Headline earnings  
    
  Profit attributable to owners of the Company is adjusted as follows:   Rm   Rm  
 

Profit/(loss) attributable to owners of the Company  

 (3 663)  8  
  Adjustments:      
  Profit on disposal of property, plant and equipment (note 24)  (186)  (47) 
  Impairment after non-controlling interest (notes 3, 4 and 26)  5 101   630  
  Scrapping after non-controlling interest (notes 3 and 25)  380   223  
  Insurance compensation relating to scrapping of property, plant and equipment (note 24)  —   (112) 
  Total tax effects of adjustments   (1 411)  (179) 
 

Headline earnings  

 221   523  
 

Headline earnings per share (cents) 

 Cents   Cents  
  Basic   36   86  
  Diluted   36   86