RECONCILIATION OF HEADLINE EARNINGS WITH NET LOSS

       United States Dollars
Year ended
  
  Figures are in millions unless otherwise stated
 
December
2018

(Reviewed)
  December
2017
(Audited)
 
  Net loss from continuing operations   (348.2)   (31.8)  
  Loss/(profit) on sale of assets   51.6   (4.0)  
  Taxation effect on sale of assets   (12.0)   1.2  
  Reversal of impairment     (92.4)  
  Impairment of South Deep   481.5   277.8  
  Gain on acquisition of Asanko   (51.8)    
  Impairment of investments and assets and other   72.5   66.3  
  Taxation on impairment of South Deep and investments and assets   (130.4)   (4.3)  
  Non-controlling interest effect on impairment of investments and assets   (2.6)   (0.5)  
  Headline earnings from continuing operations   60.6   212.3  
  Headline earnings per share – cents   7   26  
  Based on headline earnings as given above divided by 821,532,707 (December 2017 – 820,611,806) being the weighted average number of ordinary shares in issue.