Group statement of headline earnings


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For the year ended 30 June 2013 Change   2013
R’million
  2012
R’million
 
HEADLINE EARNINGS            
Reconciliation of headline earnings            
Profit attributable to equity holders of the parent 25%   3 520,1   2 817,8  
Adjusted for:            
Continuing operations            
– Impairment of goodwill (net of tax)       43,6  
– Net impairment of property, plant and equipment (net of tax)     9,5   25,2  
– Net impairment of intangible assets (net of tax)     60,4   107,9  
– Profit on the sale of tangible and intangible assets (net of tax)     (1,6)   (0,7)  
Discontinued operations            
– Profit on the sale of the personal care products in South Africa (net of tax)       (35,6)  
– Profit on the sale of the Campos facility and related products in Brazil (net of tax)       (121,9)  
  27%   3 588,4   2 836,3  
Headline earnings            
From continuing operations 27%   3 588,4   2 834,6  
From discontinued operations       1,7  
  27%   3 588,4   2 836,3  
Headline earnings per share (cents)            
From continuing operations 21%   788,0   649,7  
From discontinued operations       0,4  
  21%   788,0   650,1  
Diluted headline earnings per share (cents)            
From continuing operations 26%   786,9   626,9  
From discontinued operations       0,4  
  25%   786,9   627,3  
NORMALISED HEADLINE EARNINGS            
Reconciliation of normalised headline earnings            
Headline earnings 27%   3 588,4   2 836,3  
Adjusted for:            
Continuing operations            
– Restructuring costs (net of tax)     106,2   52,0  
– Transaction costs (net of tax)     82,0   24,8  
– Settlement of product litigation (net of tax)     36,6    
– Foreign exchange gain on transaction funding (net of tax)       (34,5)  
  32%   3 813,2   2 878,6  
Normalised headline earnings            
From continuing operations 33%   3 813,2   2 876,9  
From discontinued operations       1,7  
  32%   3 813,2   2 878,6  
Normalised headline earnings per share (cents)            
From continuing operations 27%   837,3   659,4  
From discontinued operations       0,4  
  27%   837,3   659,8  
Normalised diluted headline earnings per share (cents)            
From continuing operations 31%   836,2   636,2  
From discontinued operations       0,4
  31%   836,2   636,6