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ANNUAL FINANCIAL STATEMENTS
Notes to the financial statements
continued
for the year ended 30 September 2014
172
Tiger Brands Limited Integrated Annual Report
2014
GROUP
2014
Restated*
2013
9 Calculation of weighted average number of
shares for headline earnings per share and
basic earnings per share purposes
9.1
Opening balance of number of ordinary shares
181 220 710
180 869 280
Weighted number of ordinary shares -– issued
245 093
236 769
Weighted number of shares held for BEE deal
(21 338 575)
(21 351 327)
Weighted average number of shares in issue
160 127 228
159 754 722
9.2
Weighted average number of shares in issue
160 127 228
159 754 722
Share options dilution
4 023 409
4 072 813
Adjusted number of ordinary shares for diluted earnings per
share and diluted headline earnings per share purposes
164 150 637
163 827 535
9.3
Headline earnings (R’million)
2 907,4
2 601,7
– Continuing operations
2 889,3
2 515,0
– Discontinued operation
18,1
86,7
Income attributable to shareholders of the parent
2 020,2
2 576,7
– Continuing operations
1 990,3
2 516,0
– Discontinued operation
29,9
60,7
9.4
Reconciliation between profit for the year and headline earnings
(R’million)
Gross
Taxation
Non-
controlling
interest
Net
2014
Continuing operations
Earnings/profit attributable to shareholders of the
parent
1 990,3
Adjusted for
:
Profit on sale of property, plant and equipment
(13,6)
2,5
–
(11,1)
Impairment of intangible assets
916,4
(26,1)
(20,9)
869,4
Impairment of property, plant and equipment
145,3
(41,9)
(25,2)
78,2
Write-off of other related assets
3,1
(0,9)
(0,7)
1,5
Insurance claim income
(43,2)
12,1
–
(31,1)
Headline earnings adjustments – associates
– Profit on sale of non-current assets
(9,3)
1,4
–
(7,9)
Headline earnings for the year
998,7
(52,9)
(46,8)
2 889,3
*
The amounts have been restated due to the adoption of IAS 19R.