Note 10

		Group
		2017	2016 Restated^#
10	Calculation of weighted average number of shares for basic earnings per share and headline earnings per share purposes
10.1	Weighted average number of shares in issue	162 895 504	162 480 464
	Opening balance of number of ordinary shares	181 743 110	181 743 110
	Weighted number of ordinary shares – issued	–	–
	Weighted number of shares held for BEE deal	(18 847 606)	(19 262 646)
10.2	Diluted weighted average number of shares in issue	166 165 263	165 984 366
	Weighted average number of shares in issue – per 10.1 above	162 895 504	162 480 464
	Dilutive number of shares	3 269 759	3 503 902

	(R’million)
10.3	Headline earnings	3 520,1	3 456,1
	Continuing operations	3 509,9	3 443,2
	Discontinued operations	10,2	12,9

10.4	Headline earnings per share
	Headline earnings per ordinary share (cents)	2 161,0	2 127,1
	Continuing operations	2 154,7	2 119,2
	Discontinued operations	6,3	7,9
	Diluted headline earnings per ordinary share (cents)	2 118,4	2 082,2
	Continuing operations	2 112,3	2 074,4
	Discontinued operations	6,1	7,8

Restated as required by IFRS 5 in relation to the treatment of East Africa Tiger Brands Industries Plc. (EATBI) and Haco Tiger Brands (E.A.) Limited (Haco) as discontinued operations. Refer to note 34.

	(R’million)	Gross	Taxation	Non- controlling interest	Net
10.5	Reconciliation between profit for the year and headline earnings
	Group
	2017
	Continuing operations
	Profit attributable to owners of the parent				3 011,0
	Adjusted for:
	Profit on disposal of property, plant and equipment	(68,0)	15,5	–	(52,5)
	Impairment of intangible assets	309,9	–	–	309,9
	Impairment of investment in associate	250,0	–	–	250,0
	Headline earnings adjustments – Associates
	– Profit on disposal of non-current assets	(8,5)	–	–	(8,5)
	Headline earnings for the year	483,4	15,5	–	3 509,9
	Discontinued operations
	Profit attributable to owners of the parent				108,3
	Adjusted for:
	Profit on disposal of subsidiary	(98,1)	–	–	(98,1)
	Headline earnings for the year	(98,1)	–	–	10,2

(R’million)	Gross	Taxation	Non- controlling interest	Net
2016
Restated^#
Continuing operations
Profit attributable to owners of the parent				3 243,1
Adjusted for:
Profit on disposal of property, plant and equipment	(10,8)	2,5	–	(8,3)
Impairment of intangible assets	300,0	–	–	300,0
Impairment of property, plant and equipment	34,8	(9,5)	–	25,3
Headline earnings adjustments – Associates
– Profit on disposal of non-current assets	(116,9)	–	–	(116,9)
Headline earnings for the year	207,1	(7,0)	–	3 443,2
Discontinued operations
Loss attributable to shareholders of the parent				62,5
Adjusted for:
Loss on disposal of property, plant and equipment	0,1	–	–	0,1
Profit on disposal of subsidiary	(49,7)	–	–	(49,7)
Headline earnings for the year	(49,6)	–	–	12,9