omnia holdings annual report 2010 omnia holdings annu

102 OMNIA ANNUAL REPORT 2010 FINANCIAL STATEMENTS continued
NOTES TO THE GROUP FINANCIAL STATEMENTS continued
for the year ended 31 March 2010
21 EARNINGS PER SHARE AND DIVIDENDS PER SHARE
a) Basic and headline earnings
Basic and headline earnings per share is calculated by dividing the profit attributable
to ordinary shareholders by the weighted average number of ordinary shares in issue
during the year, excluding the weighted average number of ordinary shares held by
the Share Incentive Scheme and ordinary shares held as treasury shares.
Basic earnings per share:
Net profit attributable to equity holders of the company
Divided by the weighted number of shares in issue: (‘000’s)
56 491
(excluding treasury shares) 45 904 44 316
Basic earnings per share (cents)
Headline earnings per share:
122,0 1 107,4
Net profit attributable to equity holders of the company 56 491
Adjusted for loss on disposal of fixed assets 1 –
Adjusted for profit on businesses contributed to associate (20) –
Impairment of assets – 3
37 494
Divided by the weighted number of shares in issue: (‘000’s)
(excluding treasury shares)
45 904 44 316
Headline earnings per share (cents) 80,6 1 114,2
b) Fully diluted earnings and headline earnings per share
For fully diluted earnings per share the weighted average number of ordinary shares in issue is adjusted to assume conversion of
all dilutive potential ordinary share options. For dilutive potential share options, a calculation is done to determine the number of
shares that could have been acquired at market price (determined as the average annual share price of the company’s shares)
based on the monetary value of the subscription rights attached to outstanding options. This calculation serves to determine the
unpurchased shares to be added to the ordinary shares outstanding for the purposes of calculating the dilution. No adjustment is
made where the effect of the dilutive potential ordinary shares is considered to be anti-dilutive.
Fully diluted earnings and headline earnings per share
The weighted average number of ordinary shares for diluted earnings and diluted
headline earnings per share is calculated as follows:
Weighted average number of ordinary shares in issue (‘000’s)
Adjustments for
45 904 44 316
– Share options in respect of the Share Incentive Scheme (‘000’s) 123 255
– Preference shares convertible into ordinary shares (‘000’s) – 1 633
46 027 46 204
Net profit attributable to equity holders of the company 56 491
Fully diluted earnings per share (cents) 121,7 1 062,2
Headline earnings (as calculated above) 37 494
Fully diluted headline earnings per share (cents) 80,4 1 068,7
2010
Rm
2010
Rm
2009
Rm
2009
Rm