Full annual report - African Bank - Investoreports

Notes to the company annual financial statements continued
R million 2012 2011
12. Reconciliation between basic earnings and headline earnings
Reconciliation between basic earnings and headline earnings
Basic earnings (profit for the year) attributable to: 1 301 2 141
316
Preference shareholders 61 32
Ordinary shareholders 1 240 2 109
Basic earnings attributable to ordinary shareholders 1 240 2 109
Adjusted for non-headline items – –
Headline earnings 1 240 2 109
13. Ordinary and preference dividends
13.1 Ordinary dividends
Final dividend number 22 of 100 cents per ordinary share (2011: 100 cents) 804 804
Interim dividend number 23 of 85 cents per ordinary share (2011: 85 cents) 684 684
Total ordinary and special dividends paid during the year 1 488 1 488
Interim dividend number 23 of 85 cents per ordinary share (2011: 85 cents) 684 684
Final dividend number 24 of 110 cents per ordinary share (2011: 100 cents) 885 804
Total ordinary and special dividends relating to income for the year 1 569 1 488
Final dividend number 24 of 110 cents per ordinary share was approved by the
board on 19 November 2012. No provision has been made for these dividends
in the financial statements for the year ended 30 September 2012.
13.2 Preference dividends
Final preference dividend number 14 of 310 cents per preference share
(2011: 367 cents) 24 17
Interim preference dividend number 15 of 341 cents per preference share
(2011: 310 cents) 37 15
Total preference dividends paid during the year 61 32
Interim preference dividend number 15 of 341 cents per preference share
(2011: 310 cents) 46 15
Final preference dividend number 16 of 327 cents per preference share
(2011: 310 cents) 44 25
Total preference dividends relating to the year 90 40
Preference dividend number 16 of 327 cents per preference share was approved by the board on 19 November 2012.
No provision has been made for these dividends in the financial statements for the year ended 30 September 2012.
All dividends declared are out of revenue reserves. The final dividend for 2011 financial year was subject to STC.
No STC credits were utilised for the interim and final ordinary and preference dividends declared in May 2012 and
November 2012.