| Pick n Pay Stores Group |
Pick n Pay Holdings Group |
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| 2013 Cents per share |
2012 Cents per share |
2013 Cents per share |
2012 Cents per share |
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| 7. | BASIC, HEADLINE AND DILUTED EARNINGS PER SHARE | |||||
| Basic | 115.14 | 233.21 | 57.03 | 115.91 | ||
| Continuing operations | 115.14 | 159.64 | 57.03 | 79.24 | ||
| Discontinued operation | — | 73.57 | — | 36.67 | ||
| Diluted basic | 113.39 | 228.69 | 55.57 | 112.48 | ||
| Continuing operations | 113.39 | 156.55 | 55.57 | 76.16 | ||
| Discontinued operation | — | 72.14 | — | 36.32 | ||
| Headline | 111.30 | 142.69 | 55.11 | 70.79 | ||
| Continuing operations | 111.30 | 160.78 | 55.11 | 79.81 | ||
| Discontinued operation | — | (18.09) | — | (9.02) | ||
| Diluted headline | 109.61 | 139.92 | 53.70 | 68.69 | ||
| Continuing operations | 109.61 | 157.67 | 53.70 | 77.63 | ||
| Discontinued operation | — | (17.75) | — | (8.94) | ||
| 7.1 | Basic and headline earnings | Rm | Rm | Rm | Rm | |
| Reconciliation between basic and headline earnings: | ||||||
| Basic earnings (profit for the period) | 550.6 | 1 113.5 | 294.5 | 598.6 | ||
| Continuing operations | 550.6 | 762.3 | 294.5 | 409.2 | ||
| Discontinued operation | — | 351.2 | — | 189.4 | ||
| Adjustments: | ||||||
| Continuing operations | (18.4) | 5.5 | (9.9) | 2.9 | ||
| (Profit)/loss on sale of property, equipment and vehicles and intangible assets | (21.6) | 7.6 | (11.6) | 4.0 | ||
| Tax effect of profit/(loss) on sale of property, equipment and vehicles and intangible assets | 3.2 | (2.1) | 1.7 | (1.1) | ||
| Discontinued operation | — | (437.6) | — | (236.0) | ||
| Loss on sale of property, equipment and vehicles and intangible assets | — | 0.8 | — | 0.3 | ||
| Profit on sale of discontinued operation | — | (493.4) | — | (265.9) | ||
| Tax effect relating to sale of discontinued operation | — | 55.0 | — | 29.6 | ||
| Headline earnings | 532.2 | 681.4 | 284.6 | 365.5 | ||
| Continuing operations | 532.2 | 767.8 | 284.6 | 412.1 | ||
| Discontinued operation | — | (86.4) | — | (46.6) | ||
| 000’s | 000’s | 000’s | 000’s | |||
| 7.2 | Number of shares | |||||
| Movement in the weighted average number of ordinary shares in issue comprises: | ||||||
| At beginning of period | 477 450.4 | 475 770.3 | 516 360.5 | 515 857.7 | ||
| Effect of current period share repurchases by the share trust | (899.7) | (478.7) | (268.8) | (326.7) | ||
| Effect of share sales on the take up of share options | 1 117.5 | 943.5 | 216.1 | 359.0 | ||
| Prior period net share sales/repurchases now fully weighted | 464.7 | 1 215.3 | 32.4 | 470.5 | ||
| At end of period | 478 132.9 | 477 450.4 | 516 340.2 | 516 360.5 | ||
| Dilutive effect of share options | 7 385.9 | 9 434.2 | 5 192.8 | 4 895.6 | ||
| Diluted weighted average number of ordinary shares in issue | 485 518.8 | 486 884.6 | 521 533.0 | 521 256.1 | ||
| Refer to note 20 for the number of shares in issue. | ||||||