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AFRICAN DAWN ANNUAL REPORT 14

Notes to the Financial Statements continued Group Company 2014 2013 2014 2013 R '000 R '000 R '000 R '000 29. Loss per share Basic earnings per share Basic loss per share is determined by dividing profit or loss attributable to the ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year. Profit or loss attributable to the ordinary equity holders of the parent is determined as profit or loss attributable to the parent entity after adjusting for the after tax affect of preference dividends, differences arising on settlement of preference shares and other effects of preferences shares classified as equity. Where there is a discontinued operation, earnings per share is determined for both continuing and discontinued operations. Basic (loss) / earnings per share From continuing operations (c per share) (3.37) (0.83) - - From discontinued operations (c per share) (0.53) 0.42 - - (3.90) (0.41) - - Reconciliation of profit or loss for the year to basic loss Profit or loss for the year attributable to equity holders of the parent (19,840) (2,110) - - From continuing operations (17,126) (4,272) - - From discontinued operations (2,714) 2,162 - - Diluted earnings per share In the determination of diluted earnings per share, profit or loss attributable to the equity holders of the parent and the weighted average number of ordinary shares are adjusted for the effects of all dilutive potential ordinary shares. Where there is a discontinued operation, diluted earnings per share is determined for both continuing and discontinued operations. Diluted (loss) / earnings per share From continuing operations (c per share) (3.37) (0.84) - - From discontinued operations (c per share) (0.53) 0.56 - - (3.90) 0.28 - - Diluted loss per share was based on earnings of R (19 840 460) (2013: R (1 423 427) and a weighted average number of ordinary shares of 508 184 155 (2013: 519 729 769). Reconciliation of basic earnings to earnings used to determin diluted earnings per share Basic earnings (loss) (19,840) (2,110) - - Adjusted for: Interest on convertable debentures - 954 - - Tax relating to interest on convertible bond - (267) - - (19,840) (1,423) - - From continuing operations (17,126) (4,272) - - From discontinued operations (2,714) 2,849 - - AFRICAN DAWN 6 3 ANNUAL REPORT 2014


AFRICAN DAWN ANNUAL REPORT 14
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