| 2008 | 2009 | Figures in million | 2009 | 2008 |
|---|---|---|---|---|
| SA Cents | US Cents | |||
| Basic (loss) profit per ordinary share | ||||
| (5,140) | (765) | Continuing operations | (89) | (385) |
| The calculation of basic loss per ordinary share is based on losses attributable to equity shareholders of $320m, R2,762m (2008: losses of $1,220m, R16,303m) and 361,228,295 (2008: 317,203,948) shares being the weighted average number of ordinary shares in issue during the financial year. | ||||
| 63 | – | Discontinued operations | – | 8 |
| There was no profit or loss from discontinued operations for the year (2008: profits of $25m, R198m and weighted average number of ordinary shares in issue of 317,203,948). | ||||
| Diluted (loss) profit per ordinary share | ||||
| (5,140) | (765) | Continuing operations | (89) | (385) |
| The calculation of diluted loss per ordinary share is based on losses attributable to equity shareholders of $320m, R2,762m (2008: losses of $1,220m, R16,303m) and 361,228,295 (2008: 317,203,948) shares being the diluted number of ordinary shares. In 2008 and 2009, no adjustment was made since the effect is anti-dilutive. | ||||
| 63 | – | Discontinued operations | – | 8 |
| There was no profit or loss from discontinued operations for the year (2008: profits of $25m, R198m and weighted average number of ordinary shares in issue of 317,203,948). In 2008, no adjustment was made since the effect is anti-dilutive. | ||||
| 2009 | 2008 | |
|---|---|---|
| Number of shares | ||
| In calculating the diluted number of ordinary shares outstanding for the year, the following were taken into consideration: | ||
| Ordinary shares | 356,563,773 | 312,610,124 |
| E ordinary shares (1) | 3,873,169 | 4,046,364 |
| Fully vested options (2) | 791,353 | 547,460 |
| Weighted average number of shares | 361,228,295 | 317,203,948 |
| Dilutive potential of share options (3) | – | – |
| Diluted number of ordinary shares | 361,228,295 | 317,203,948 |
(1) As E ordinary shares participate in the profit available to ordinary shareholders, these shares were included in basic earnings per share.
(2) Employee compensation awards, are included in basic earnings per share from the date that all necessary conditions have been satisfied and it is virtually certain that shares will be issued as a result of employees exercising their options.
(3) The calculation of diluted earnings per share did not take into account the effect of 1,234,858 (2008: 872,373) shares, issuable on share awards as the effect of this was anti-dilutive for this period
The calculation of diluted earnings per share did not take into account the effect of 15,384,615 (2008: 15,384,615) shares, issuable upon the exercise of convertible bonds, as the effect of this was anti-dilutive for this period.
| 2008 | 2009 | Figures in million | 2009 | 2008 |
|---|---|---|---|---|
| SA Rands | US Dollars | |||
| Headline loss | ||||
| The loss attributable to equity shareholders was adjusted by the following to arrive at headline loss: | ||||
| (16,105) | (2,762) | Loss attributable to equity shareholders | (320) | (1,195) |
| 14,792 | (5,115) | Net (reversals) impairments of tangible assets (notes 6, 16 and 25) | (683) | 1,493 |
| 1,080 | – | Impairment of goodwill (notes 6 and17) | – | 109 |
| 42 | – | Impairment of investments (notes 6 and 19) | – | 6 |
| (381) | (420) | Net profit on disposal and abandonment of assets (note 6) | (49) | (52) |
| (19) | – | Nufcor Uranium Trust contributions by other members (note 6) | – | (3) |
| (14) | – | Profit on disposal of investment in associate (note 6) | – | (2) |
| 389 | 76 | Impairment of investment in associates and joint ventures (note 8) | 10 | 39 |
| – | (75) | Reversal of impairment in associates (note 8) | (10) | – |
| (30) | 1 | Operating special items of associates (note 8) | – | (3) |
| Taxation on items above | ||||
| 10 | 145 | – current portion (note 12) | 18 | 1 |
| (3,915) | 1,360 | – deferred portion (note 12) | 182 | (395) |
| (218) | – | Profit on disposal of discontinued assets (note 13) | – | (27) |
| (6) | – | Discontinued operations taxation on item above (note 13) | – | (1) |
| (4,375) | (6,790) | (852) | (30) | |
| Cents per share | ||||
| Headline loss removes items of a capital nature from the calculation of earnings per share, calculated in accordance with Circular 3/2009 issued by the South African Institute of Chartered Accountants (SAICA). | ||||
| (1,379) | (1,880) | The calculation of headline loss per ordinary share is based on headline losses of $852m, R6,790m (2008: $30m, R4,375m) and 361,228,295 (2008: 317,203,948) shares being the weighted average number of ordinary shares in issue during the year. | (236) | (9) |