Afrikaans Annual Financial Statements
Naspers
 

SUMMARISED ANNUAL FINANCIAL STATEMENTS

IN THIS SECTION

CALCULATION OF HEADLINE AND CORE HEADLINE EARNINGS

for the year ended 31 March 2014

Download (EXCEL)

 

 

  31 March
2014
R’m
  31 March
2013
(Restated)
R’m
 
Profit attributable to equity holders of the group 5 751   6 047  
Adjusted for:        
– insurance proceeds   (2)  
– impairment of property, plant and equipment and other assets 112   97  
– impairment of goodwill and intangible assets 1 461   588  
– (profit)/loss on sale of property, plant and equipment and intangible assets (58)   17  
– gains on acquisitions and disposals of investments (45)   (11)  
– remeasurement of previously held interest (700)    
– dilution losses on equity-accounted investments 852   96  
– remeasurements included in equity-accounted earnings (2 447)   (2 278)  
– impairment of equity-accounted investments 1 201   2 137  
  6 127   6 691  
Total tax effects of adjustments (81)   (29)  
Total adjustment for non-controlling interest (65)   (32)  
Headline earnings 5 981   6 630  
Adjusted for:        
– equity-settled share-based charges 1 120   850  
– reversal/(recognition) of deferred tax assets 58   (195)  
– special dividend income   (423)  
– taxation adjustment   (191)  
– amortisation of intangible assets 1 385   1 403  
– fair value adjustments and currency translation differences (47)   273  
– retention option expense 128   135  
– business combination (profits)/losses (9)   51  
Core headline earnings 8 616   8 533