Selected notes to the summarised financial statements
for the year ended 29 February 2012
GROUP |
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 |
2012 |
 |
2011 |
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1. |
BASIC, HEADLINE AND DILUTED EARNINGS/(LOSS) PER SHARE |
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Basic |
115.91 |
82.13 |
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Continuing operations |
79.24 |
95.07 |
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Discontinued operation |
36.67 |
(12.94) |
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Diluted basic |
112.48 |
79.73 |
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Continuing operations |
76.16 |
92.56 |
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Discontinued operation |
36.32 |
(12.83) |
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Headline |
70.79 |
82.08 |
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Continuing operations |
79.81 |
94.29 |
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Discontinued operation |
(9.02) |
(12.21) |
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Diluted headline |
68.69 |
79.68 |
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Continuing operations |
77.63 |
91.78 |
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Discontinued operation |
(8.94) |
(12.10) |
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 |
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1.1 |
Basic and headline earnings |
Rm |
Rm |
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Reconciliation between basic and headline earnings: |
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Basic earnings (profit for the year) |
598.6 |
423.7 |
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Continuing operations |
409.2 |
490.4 |
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Discontinued operation |
189.4 |
(66.7) |
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Adjustments: |
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Continuing operations |
2.9 |
(4.0) |
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Loss on sale of property, equipment and vehicles and intangible assets |
4.0 |
— |
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Tax effect of loss on sale of property, equipment and vehicles and intangible assets |
(1.1) |
— |
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Fair value gain on recognition of investment in associate |
— |
(4.0) |
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Discontinued operation |
(236.0) |
3.7 |
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Loss on sale of property, equipment and vehicles and intangible assets |
0.3 |
3.7 |
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Profit on sale of discontinued operation |
(265.9) |
— |
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Tax effect relating to sale of discontinued operation |
29.6 |
— |
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Headline earnings |
365.5 |
423.4 |
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Continuing operations |
412.1 |
486.4 |
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Discontinued operation |
(46.6) |
(63.0) |
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1.2 |
Weighted average number of shares |
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The weighted average number of shares is lower than that in issue due to the treasury shares held by the Group being treated as cancelled for this calculation. |
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Number of |
Number of |
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Movement in the weighted average number of ordinary shares in issue comprises: |
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At 1 March |
515 857.7 |
515 255.4 |
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Net sale of treasury shares by the share trust pursuant to the take-up of share options |
502.8 |
602.3 |
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At end February |
516 360.5 |
515 857.7 |
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Outstanding options |
4 895.6 |
4 662.3 |
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Weighted average number of ordinary shares in issue for purposes of calculating diluted earnings per share |
521 256.1 |
520 520.0 |
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