NOTES TO THE FINANCIAL STATEMENTS – NOTE 28 28. Earnings per share   The calculation of basic and headline earnings per share has been based on the following profit attributable to ordinary shareholders, amended as shown in the reconciliation below. The weighted average number of ordinary shares outstanding has been used for both basic and headline earnings, with adjustments for treasury shares held. The effect of all dilutive potential ordinary shares is shown in both the earnings (diluted) and the weighted average number of shares outstanding (diluted).   Tota l GROUP  June 2016  R000    Total  GROUP  June 2015  R000    Diluted  GROUP  June 2016  R000    Diluted  GROUP  June 2015  R000    Reconciliation – basic to headline earnings               Consolidated profit for the year 2 767 160      3 779 576      2 767 160     3 779 576        Dilutive earnings adjustments             (14 541)    (23 800)       Retention share scheme              (5 507)    (8 306)       Performance share scheme              (9 034)    (15 494)    Profit attributable to shareholders of the company (basic/diluted earnings) 2 767 160     3 779 576     2 752 619     3 755 776     Headline earnings adjustments  (1 372 032)    (2 457 065)    (1 372 032)    (2 457 065)       Change in fair value of investment property   (1 382 134)    (2 467 113)    (1 382 134)    (2 467 113)       Loss on disposal of investment in subsidiary  10 102     30 011     10 102     30 011        Profit on disposal of investment property        (24 243)         (24 243)    Impairment of goodwill        4 280            4 280     Headline earnings/diluted headline earnings  1 395 128     1 322 511     1 380 587     1 298 711     Weighted average number of ordinary shares (basic and headline)                       At 30 June 2016, the company had 243 256 092 shares in issue (2015: 243 256 092). Subsequent to year-end, an additional 5 185 186 shares were issued. (August 2016)                       Issued shares at 1 July  243 256 092     243 256 092     243 256 092     243 256 092     Effect of treasury shares held  (335 011)    (153 659)    (335 011)    (153 659)    Effect of dilutive shares             446 677     272 041     Weighted average shares in issue  242 921 081     243 102 433     243 367 758     243 374 474                                   Cents     Cents     Cents     Cents     Earnings and headline earnings per share                        Basic earnings per share  1 139,1      1 553,7      1 131,1      1 553,7      Headline earnings per share  574,3      543,7      567,3      543,7      NOTES TO THE FINANCIAL STATEMENTS – NOTE 28