RECONCILIATION OF HEADLINE EARNINGS
|
United States Dollars |
|
Six months ended |
|
|
|
|
|
Net profit attributable to owners of the parent |
155.5 |
|
70.5 |
|
Profit on disposal of assets |
(0.3) |
|
(0.1) |
|
Taxation effect on disposal of assets |
0.1 |
|
— |
|
Profit on disposal of Maverix1 |
— |
|
(33.8) |
|
Impairment/(reversal) of FSE impairment |
1.6 |
|
(9.6) |
|
Impairment of investments and assets2 |
25.4 |
|
18.5 |
|
Taxation on impairment of investments and assets2 |
(8.2) |
|
— |
|
Non-controlling interest effect on impairment of investments and assets |
(0.7) |
|
(5.6) |
|
Headline earnings |
173.4 |
|
39.9 |
|
Headline earnings per share – cents |
20 |
|
5 |
|
Based on headline earnings as given above divided by 873,849,687 (June 2019 – 826,085,128) being the weighted average number of ordinary shares in issue. |
|
|
1 |
Profit on disposal of Maverix of US$14.6m under non-recurring items comprises profit on disposal of associate of US$33.8m, partially offset by a loss on derecognition of the investment
in Maverix designated at fair value through profit or loss of US$19.2m. |
2 |
Includes write-off of exploration and evaluation assets in Australia. |
|
|