Headline earnings per share

for the six months ended 31 January 2019

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Figures in Rand thousand Unaudited 
for the 
six months to 
31 January 2019 
    Unaudited 
for the 
six months to 
31 January 2018 
Restated 
unaudited*
12 months to 
31 July 2018 
 
(Loss)/profit attributable to owners of EOH Holdings Limited  (3 304 029)       67 495  (767 812)   
Adjusted for:                   
  Loss on disposal of subsidiaries, equity-accounted investments and other assets  156 686        384 251  392 880    
  Impairment of goodwill  1 138 413        –  84 710    
  Impairment of other assets  580 984        –  327 140    
  Gain on bargain purchase  –        (7 988) (7 528)   
  Total tax effects on adjustments  (134 546)       14 676  4 385    
Headline earnings  (1 562 492)       458 434  33 775    
From continuing operations                   
  Headline (loss)/earnings per share  (973)       314  18    
  Diluted headline (loss)/earnings per share  (973)       304  18    
Including discontinued operations                   
  Headline (loss)/earnings per share  (993)       319  23    
  Diluted headline (loss)/earnings per share  (993)       309  23    
Ordinary shares (in thousands)                  
Total number of shares in issue  176 545        152 009  152 797    
Weighted average number of shares in issue  157 384        143 765  144 597    
Weighted average diluted number of shares in issue**  158 612        148 349  148 450    
* Refer to note 5 – Restatement of financial statements for the impact on earnings.
** The impact of shares to be issued to vendors, share options and EOH A shares has been included in the weighted average diluted number of shares. However, as they would be anti-dilutive for the period ended 31 January 2019 and the year ended 31 July 2018, the diluted loss per share and diluted headline loss per share has been calculated based on the weighted average number of shares in issue.