Reconciliation of headline earnings with net earnings
International Financial Reporting Standards Basis

Figures are in millions unless otherwise stated

    SOUTH AFRICAN RAND   UNITED STATES DOLLARS  
    Quarter   Quarter  
    September
2011
  June
2011
  September
2010
  September
2011
  June
2011
  September
2010
 
  Net earnings 2,054.6   1,266.8   700.9   293.0   186.3   95.2  
  Profit on sale of investments -   -   (1.0)   -   -   (0.1)  
  Taxation effect on sale of investments -   -   0.3   -   -   -  
  Loss/(profit) on sale of assets (0.4)   2.4   (2.7)   -   0.3   (0.4)  
  Taxation effect on sale of assets -   (0.3)   1.0   -   (0.1)   0.1  
  Impairment of investments 0.2   1.2   -   -   0.2   -  
  Headline earnings 2,054.4   1,270.1   698.5   293.0   186.7   94.8  
  Headline earnings per share – cents 284   176   99   40   26   13  
 
Based on headline earnings as given above divided by 723,159,600 (June 2011 – 721,981,479 and September 2010 – 706,090,891) being the weighted average number of ordinary shares in issue.