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NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
Six months ended
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Year ended |
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31 Mar |
31 Mar |
30 Sept |
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2008 |
2007 |
2007 |
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| R million | Reviewed |
Reviewed |
Audited |
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| 2. | RECONCILIATION OF NET PROFIT TO HEADLINE EARNINGS | |||
| Group | ||||
| Net profit attributable to Barloworld Limited shareholders | 1 034 |
786 |
2 270 |
|
| Adjusted for the following: | ||||
| (Profit)/loss on disposal of discontinued operations (IFRS 5) | (173) |
63 |
||
| Loss on disposal of subsidiaries (IAS 27) | 25 |
|||
| Realisation of translation reserve on disposal of offshore subsidiaries (IAS 21) | (200) |
(197) |
||
| Profit on disposal of properties (IAS 16) | (3) |
(3) |
(45) |
|
| Impairment of goodwill (IFRS 3) | 33 |
106 |
169 |
|
| Impairment of investments in associates (IAS 28) and joint ventures (IAS 31) | 29 |
125 |
149 |
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| Impairment of plant and equipment (IAS 16) | 45 |
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| Profit on sale of plant and equipment excluding rental assets (IAS 16) | (5) |
(4) |
(7) |
|
| Gross remeasurements excluded from headline earnings | (319) |
224 |
202 |
|
| Total taxation effects of remeasurements | 41 |
(70) |
(82) |
|
| Interest of outside shareholders in remeasurements | 1 |
4 |
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| Net remeasurements excluded from headline earnings | (278) |
155 |
124 |
|
| Headline earnings | 756 |
941 |
2 394 |
|
| Continuing operations | ||||
| Profit from continuing operations | 658 |
222 |
1 314 |
|
| Minority shareholders’ interest in net profit from continuing operations | (7) |
(3) |
(10) |
|
| Profit from continuing operations attributable to | ||||
| Barloworld Limited | 651 |
219 |
1 304 |
|
| Adjusted for the following items in continuing operations: | ||||
| Loss on disposal of subsidiaries (IAS 27) | 36 |
|||
| Realisation of translation reserve on disposal of offshore subsidiaries (IAS 21) | (197) |
|||
| Profit on disposal of properties (IAS 16) | (3) |
(2) |
(42) |
|
| Impairment of goodwill (IFRS 3) | 33 |
70 |
169 |
|
| Impairment of investments in associates (IAS 28) and joint ventures (IAS 31) | 29 |
125 |
149 |
|
| Impairment of plant and equipment (IAS 16) | 45 |
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| Profit on sale of plant and equipment excluding rental assets (IAS 16) | (5) |
(2) |
(6) |
|
| Gross remeasurements excluded from headline earnings from continuing operations | 54 |
191 |
154 |
|
| Total taxation effects of remeasurements | – |
(70) |
( 79) |
|
| Net remeasurements excluded from headline earnings from continuing operations | 54 |
121 |
75 |
|
| Headline earnings from continuing operations | 705 |
340 |
1 379 |
|
| Discontinued operations | ||||
| Profit from discontinued operations | 384 |
743 |
1 245 |
|
| Minority shareholders interest in net profit from discontinued operations | (1) |
(176) |
(279) |
|
| Profit from discontinued operations attributable to | ||||
| Barloworld Limited | 383 |
567 |
966 |
|
| Adjusted for the following items in discontinued operations: | ||||
| (Profit)/loss on disposal of discontinued operations (IFRS 5) | (173) |
63 |
||
| Realisation of translation reserve on disposal of offshore subsidiaries (IAS 21) | (200) |
|||
| Profit on derecognition of subsidiary (IAS 27) | (11) |
|||
| Profit on disposal of properties (IAS 16) | (1) |
(3) |
||
| Impairment of goodwill (IFRS 3) | 36 |
|||
| Profit on sale of plant and equipment excluding rental assets (IAS 16) | (2) |
(1) |
||
| Gross remeasurements excluded from headline earnings from discontinued operations | (373) |
33 |
48 |
|
| Total taxation effects of remeasurements | 41 |
(3) |
||
| Interest of outside shareholders in remeasurements | 1 |
4 |
||
| Net remeasurements excluded from headline earnings from discontinued operations | (332) |
34 |
49 |
|
| Headline earnings from discontinued operations | 51 |
601 |
1 015 |
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Six months ended |
Year ended |
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31 Mar |
31 Mar |
30 Sept |
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2008 |
2007 |
2007 |
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| R million | Reviewed |
Reviewed |
% change |
Audited |
|
| Weighted average number of ordinary shares in issue during the period (000) | |||||
| – basic | 204 190 |
201 686 |
202 673 |
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| – diluted | 207 372 |
204 490 |
206 444 |
||
| Headline earnings per share (cents) | |||||
| – basic | 370,2 |
466,6 |
1 181,2 |
||
| – diluted | 364,6 |
460,2 |
1 159,6 |
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| Headline earnings per share from continuing operations (cents) | |||||
| – basic | 345,2 |
168,6 |
105 |
680,4 |
|
| – fully diluted | 340,0 |
166,3 |
104 |
668,0 |
|
| Headline earnings per share from discontinued operations (cents) | |||||
| – basic | 25,0 |
298,0 |
500,8 |
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| – diluted | 24,6 |
293,9 |
491,6 |
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