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Notes to the consolidated financial statements for the year ended 30 June 2009

Notes 1. ACCOUNTING POLICIES 2. PROPERTY, PLANT AND EQUIPMENT 3. INVESTMENT PROPERTIES 4. INTANGIBLE ASSETS 5. INVESTMENTS 6. INVENTORIES 7. TRADE AND OTHER RECEIVABLES 8. SHARE CAPITAL 9. SHARE PREMIUM 10. TREASURY SHARES  11. OTHER RESERVES  12. LONG-TERM BORROWINGS 13. DEFERRED TAXATION 14. LONG-TERM PROVISIONS 15. TRADE AND OTHER PAYABLES  16. SHORT-TERM PROVISIONS  17. SHORT-TERM BORROWINGS AND OVERDRAFTS 18. REVENUE  19. FINANCE COSTS  20. PROFIT BEFORE TAXATION AND STATE'S SHARE OF PROFITS 21. TAXATION AND STATE'S SHARE OF PROFITS 22. EARNINGS AND HEADLINE EARNINGS PER SHARE 23. DIVIDENDS  24. NOTES TO THE CASH FLOW STATEMENT  25. FINANCIAL RISK MANAGEMENT 26. CAPITAL MANAGEMENT 27. COMMITMENTS/option> 28. CONTINGENT LIABILITIES 29. INVESTMENT IN JOINT-VENTURE ENTITY 30. SEGMENTAL INFORMATION 31. RELATED PARTY TRANSACTIONS 32. RETIREMENT BENEFIT INFORMATION 33. COMPARATIVE INFORMATION

2009     2008           R’000     R’000   22.   EARNINGS AND HEADLINE EARNINGS PER SHARE                Earnings per share (cents) (basic and diluted)    13 669     11 406      Headline earnings per share (cents) (basic and diluted)    13 772     11 362      The above calculations were determined using the following information:                Earnings                Profit attributable to shareholders of the holding company     3 241 452     3 069 522      Headline earnings                Earnings as above     3 241 452     3 069 522      Adjusted for:                Profit (before tax) on disposal of:                – property, plant and equipment     (38 450)    (125)     – available-for-sale investments     (19 086)    (22 350)     Loss on disposal and scrapping of property, plant and equipment     14 251     10 040      Impairment of non-financial assets     59 114     –      Net tax effect of the above items     8 512     371      Headline earnings     3 265 793     3 057 708      Weighted number of ordinary shares in issue (000)               Ordinary shares in issue     27 658     28 000      Treasury shares (refer to note 10)    (3 944)    (1 088)     Weighted average number of shares in issue for the year     23 714     26 912