NOTES TO THE FINANCIAL STATEMENTS – NOTE 29

29. Earnings and headline earnings

At 30 June 2015, the company had 243 256 092 shares in issue (2014: 243 256 092 combined units).

    GROUP
June 2015
R000
  GROUP
June 2014
R000
 
  Reconciliation – earnings to headline earnings        
  Profit attributable to shareholders of the company (2014: unitholders) 3 779 576   1 948 487  
  Debenture interest     1 147 443  
  Earnings 3 779 576   3 095 930  
  Headline earnings adjustments (2 457 065)   (1 870 232)  
     Change in fair value of investment property (2 467 113)   (1 650 419)  
     Loss/(profit) on disposal:        
        Subsidiary 30 011      
        Investment property (24 243)   (4 460)  
        Associate company (Mantrablox)     (17 431)  
        Impairment of goodwill 4 280   7 779  
   Amortisation of debenture premium     (102 806)  
   Gain on bargain purchase (African Land)     (102 895)  
  Headline earnings 1 322 511   1 225 698  
  Total shares (2014: combined units) in issue 243 256 092   243 256 092  
  Weighted average shares (2014: combined units) in issue 243 256 092   243 195 790  
    Cents   Cents  
  Earnings and headline earnings per share (2014: combined unit)        
     Basic and diluted earnings per share (2014: combined unit) 1 553,7   1 273,0  
     Basic and diluted headline earnings per share (2014: combined unit) 543,7   504,0