Notes to the consolidated financial statements

• 1. Revenue
• 2. Operating profit
• 3. Net finance charges
• 4. Taxation
• 5. Earnings per share
• 6. Dividend per share
• 7. Cash generated by operations
• 8. Finance charges
• 9. Taxation paid
• 10. Distribution to shareholders
• 11. Acquisition of business, subsidiaries and associates
• 12. Proceeds on disposal of interest in subsidiaries and associates, and disposal and closure of businesses
• 13. Property, plant and equipment
• 14. Intangible assets
• 15. Goodwill
• 16. Deferred taxation
• 17. Interest in joint ventures
• 18. Interest in associates
• 19. Investments
• 20. Banking and other advances
• 21. Vehicle rental fleet
• 22. Inventories
• 23. Trade and other receivables
• 24. Cash and cash equivalents
• 25. Capital and reserves attributable to shareholders of the Company
• 26. Share-based payments
• 27. Life assurance fund
• 28. Borrowings
• 29. Post-retirement obligations
• 30. Banking liabilities
• 31. Operating leases
• 32. Trade and other payables
• 33.Provisions
• 34. Commitments
• 35. Contingent liabilities
• 36. Financial instruments
• 37. Capital management
• 38. Related parties
• 39. Accounting estimates and judgements
• 40. Determination of fair values
• 41. Accounting standards and interpretations not effective at June 30 2012
• 42. Foreign currency exchange rates
• 43. Restatement of segmental information
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Notes to the consolidated financial statements

for the year ended June 30

		2012   R’000			2011   R’000
5.	Earnings per share
	Weighted average number of shares ('000)
	Weighted average number of shares in issue for basic earnings per share and headline earnings per share calculations	310 324			318 665
	Potential dilutive impact of outstanding staff share options and conditional awards	713			947
	Number of outstanding staff share options	10 795			9 385
	Number of share options deemed to be issued at fair value	(10 280)			(8 494)
	Contingent issueable shares in terms of conditional share plan to be issued at fair value	198			56
	Adjusted weighted average number of shares in issue used for the calculation of diluted earnings and diluted headline earnings per share	311 037			319 612
	Attributable earnings (R’000)
	Basic earnings per share and diluted earnings per share are based on profit attributable to shareholders of the Company	4 442 902			3 538 748
	Basic earnings per share (cents)	1 431,7			1 110,5
	Diluted basic earnings per share (cents)	1 428,4			1 107,2
	Dilution (%)	0,2			0,3
	Headline earnings
	Profit attributable to shareholders of the Company	4 442 902			3 538 748
	Impairment of property, plant and equipment; goodwill and intangible assets	26 470			140 004
	Property, plant and equipment	13 223			27 027
	Goodwill	8 141			3 571
	Intangible assets	8 263			151 521
	Tax relief	(1 134)			(42 115)
	Minority shareholders	(2 023)			–
	Net loss (profit) on disposal of interests in subsidiaries and disposal and closure of businesses	(968)			84
	Loss (profit) on disposal and closure	(2 614)			84
	Tax charge	1 646			–
	Loss on disposal, and impairment of investment in associate	97 675			209
	Net loss on disposal of associates	975			209
	Impairment of investment in associate	96 700			–
	Net loss on disposal of property, plant and equipment and intangible assets	8 793			9 114
	Property, plant and equipment	43			5 642
	Intangible assets	9 012			1 399
	Tax relief	(1 525)			(5 760)
	Minority shareholders	1 263			7 833
	Headline earnings	4 574 872			3 688 159
	Profit on partial disposal of investment in Mumbai International Airport Private Limited	(399 100)			–
	Secondary taxation on companies on special dividend paid	20 781			–
	Normalised headline earnings	4 196 553			3 688 159
	Headline earnings per share (cents)	1 474,2			1 157,4
	Diluted headline earnings per share (cents)	1 470,8			1 153,9
	Dilution (%)	0,2			0,3
	Normalised headline earnings per share (cents)	1 352,3			1 157,4