| |
| Cents |
2017 |
|
| Basic earnings per share |
|
947 |
|
915 |
|
| Diluted earnings per share |
|
919 |
|
886 |
|
| Headline earnings per share |
|
923 |
|
923 |
|
| Diluted headline earnings per share |
|
895 |
|
894 |
|
| Dividends per share 1 |
|
825 |
|
795 |
|
| Notes: |
| 1 |
The 31 March 2018 dividend per share includes dividends of 435 cents per share and 390 cents per share, declared on 12 May 2017 and 10 November 2017,
respectively. The 31 March 2017 dividend per share includes dividends of 400 cents per share and 395 cents per share, declared on 13 May 2016 and
11 November 2016, respectively. The final dividend for the year ended 31 March 2017 was declared and paid prior to the issue of shares for the Safaricom
acquisition (Note 12). The Group declared a final dividend of 425 cents per share in respect of the year ended 31 March 2018 after the reporting period (Note 27). |
|
| |
Earnings per share calculations are based on earnings and the weighted average number of ordinary shares outstanding as set
out below: |
| 8.1.1 |
Diluted earnings reconciliation |
| |
| Rm |
2017 |
|
| Earnings attributable to equity shareholders for basic earnings per share |
|
15 344 |
|
13 418 |
|
| Adjusted for: |
|
|
|
|
|
| Dilutive effect of potential ordinary shares in subsidiary |
|
(432) |
|
(408) |
|
| Earnings for diluted earnings per share |
|
14 912 |
|
13 010 |
|
|
| 8.1.2 |
Headline earnings reconciliation |
| |
| Rm |
2017 |
|
| Earnings, attributable to equity shareholders, for basic earnings per share |
| 15 344 |
|
13418 |
|
| Adjusted for: |
| |
|
| |
| Net (profit)/loss on disposal of property, plant and equipment and intangible
assets (Note 3) 2 |
| (5) |
|
38 |
|
| Net (profit)/loss on disposal of property, plant and equipment and
intangible assets (Note 3) |
| (10) |
|
58 |
|
| Tax and non-controlling interest impact |
| 5 |
|
(20) |
|
| Profit on sale of associate |
| (397) |
|
– |
|
| Profit on sale of associate |
| (734) |
| – |
|
| Tax and non-controlling interest impact |
| 337 |
| – |
|
| Impairment losses (Note 2) |
| 4 |
|
84 |
|
| Impairment losses (Note 2) |
| 4 |
| 84 |
|
| Tax and non-controlling interest impact |
| – |
| – |
|
|
|
|
|
|
|
| Headline earnings for headline earnings per share 1 |
| 14 946 |
|
13540 |
|
| Dilutive effect of potential ordinary shares in subsidiary |
| (432) |
|
(408) |
|
| Headline earnings for diluted headline earnings per share |
| 14 514 |
|
13 132 |
|
| Notes: |
| 1 |
This disclosure is a requirement of the JSE Limited and is not a recognised measure under IFRS. It has been calculated in accordance with Circular 2/2015
as issued by SAICA. |
| 2 |
Includes attributable share of profit on disposal of property, plant and equipment and intangible assets of associate of R1 million (2017: RNil). |
|
| 8.1.3 |
Reconciliation of weighted average number of ordinary
shares outstanding |
| |
| Shares |
2017 |
|
| For basic and headline earnings per share |
|
1 620 042 298 |
|
1 466 738 842 |
|
| Diluted earnings and diluted headline earnings per share |
|
1 936 123 |
|
1 910 513 |
|
| For diluted earnings and diluted headline earnings per share 1 |
|
1 621 978 421 |
|
1 468 649 355 |
|
| Note: |
| 1 |
Includes shares held under the forfeitable share plan (Note 17.1.1) |
|
| |
| Shares |
2017 |
|
| For dividends per share |
|
|
|
|
|
| 400 cents per share declared on 13 May 2016 |
|
– |
|
1 487 954 000 |
|
| 395 cents per share declared on 11 November 2016 |
|
– |
|
1 487 954 000 |
|
| 435 cents per share declared on 12 May 2017 1 |
|
1 487 954 000 |
|
– |
|
| 390 cents per share declared on 10 November 2017 |
|
1 721 413 781 |
|
– |
|
Vodacom Group Limited acquired 2 108 969 shares in the market during the year at an average price of R165.07 per share.
Dividends per share calculations are based on a dividend paid of R13 186 million (2017: R11 829 million) of which R44 million
(2017: R44 million) was offset against the forfeitable share plan reserve, R6 million (2017: R5 million) expensed as staff expenses
and R127 million (2017: R123 million) paid to Wheatfields, a wholly-owned subsidiary holding treasury shares on behalf
of the Group.
| Note: |
| 1 |
The final dividend for the year ended 31 March 2017 was declared and paid prior to the issue of shares for the Safaricom acquisition (Note 12). |
|