Reconciliation of headline earnings with net earnings

International Financial Reporting Standards Basis

Figures are in millions unless otherwise stated

  South African Rand Quarter   Nine months to  
    September
2012
  June
2012
  September
2011
  September
2012
  September
2011
 
  Net earnings 1,424.3   1,606.4   2,054.6   5,112.4   4,421.8  
  Profit on sale of investments (226.2)   -   -   (226.2)   -  
  (Profit)/loss on sale of assets (0.4)   (0.7)   (0.4)   (2.8)   3.3  
  Taxation effect on sale of assets 0.3   0.4   -   1.0   (0.6)  
  Impairment of investments and assets 1.6   73.9   0.2   92.8   1.4  
  Headline earnings 1,199.6   1,680.0   2,054.4   4,977.2   4,425.9  
  Headline earnings per share – cents 165   230   284   685   613  
  Based on headline earnings as given above divided by 728,713,370 (June 2012 – 728,425,816 and September 2011 – 723,159,600) being the weighted average number of ordinary shares in issue.                    

  United States Dollars Quarter   Nine months to  
    September
2012
  June
2012
  September
2011
  September
2012
  September
2011
 
  Net earnings 170.7   198.0   293.0   636.5   637.0  
  Profit on sale of investments (28.2)   -   -   (28.2)   -  
  (Profit)/loss on sale of assets -   (0.1)   -   (0.3)   0.5  
  Taxation effect on sale of assets -   -   -   0.1   (0.1)  
  Impairment of investments and assets 1.0   9.3   -   11.6   0.2  
  Headline earnings 142.6   207.2   293.0   619.7   637.6  
  Headline earnings per share – cents 19   29   40   85   88  
  Based on headline earnings as given above divided by 728,713,370 (June 2012 – 728,425,816 and September 2011 – 723,159,600) being the weighted average number of ordinary shares in issue.