Contents NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 30 September 2006 Home►   Downloads► Commentary Directors’ responsibility Secretaries’ certification Report of the independent auditors Directors’ report Accounting policies Income statements Balance sheets Cash flow statements Notes to the cash flow statements Statements of changes in equity Notes to the annual financial statements Principal subsidiaries Share ownership analysis Shareholders’ diary Corporate administration and information Currency conversion table Notice of annual general meeting - PDF 106kb Proxy form - PDF 82kb         GROUP   COMPANY     Notes 2006  Rm      2005  Rm  (Restated)   2006  Rm    2005  Rm  (Restated) 10. HEADLINE EARNINGS, NORMALISED EARNINGS AND NORMALISED HEADLINE EARNINGS                 Headline earnings per share (cents) 10.1 524,6    408,4         Diluted headline earnings per share (cents) 10.1 520,0    403,6         Normalised basic earnings per share (cents) 10.2 497,6    397,1         Normalised headline earnings per share (cents) 10.2 495,3    394,1         Normalised diluted basic earnings per share (cents) 10.2 493,3    392,5         Normalised diluted headline earnings per share (cents) 10.2 490,9    389,5         10.1 HEADLINE EARNINGS   Rm    Rm           Headline earnings are determined by eliminating the effect of the following items in attributable earnings:                   Profit attributable to equity holders of Reunert Limited   922,8    713,3           Adjusted for:   (4,2)   (3,7)           (Surplus)/loss on disposal of property, plant and equipment   (2,6)   0,2           Surplus on sale of investments   (5,0)   (6,4)           Impairment of goodwill   3,4    —           Negative goodwill reflected in abnormal items   —    (2,4)           Impairment of plant and equipment   —    4,9           Taxation   —    (1,5)           Headline earnings attributable to equity holders of Reunert Limited   918,6    708,1         10.2 NORMALISED EARNINGS AND NORMALISED HEADLINE EARNINGS                   Normalised earnings are determined by deducting from attributable earnings the interest in profit that is economically attributable to BEE partners: Profit attributable to equity holders of Reunert Limited (basic and diluted)   922,8    713,3           Interest in profit that is economically attributable to BEE partners   (51,4)   (24,7)           Normalised earnings attributable to equity holders of Reunert Limited (basic and diluted)   871,4    688,6           Normalised headline earnings are determined by deducting from headline earnings the interest in profit that is economically attributable to BEE partners:                   Headline earnings attributable to equity holders of Reunert Limited (basic and diluted)   918,6    708,1           Interest in profit that is economically attributable to BEE partners   (51,4)   (24,7)           Normalised headline earnings attributable to equity holders of Reunert Limited (basic and diluted)   867,2    683,4         10.3 BLACK ECONOMIC EMPOWERMENT (BEE) TRANSACTIONS                   As referred to in note 25 certain BEE transactions involving the disposal of equity interests have not been recognised because the significant risks and rewards of ownership of the equity have been deemed not to have passed to the BEE partners. Accordingly, the equity interests in subsidiaries have not been recognised in the group income statement and balance sheet. The effect of this has been to not recognise the following:                   Interest in current year profit that is economically attributable to BEE partners   51,4    24,7           Balance sheet interest that is economically attributable to BEE partners   106,3    96,0           Back to top