KUMBA IRON ORE - Interim Results 2008

Reviewed condensed consolidated financial report
for the six months ended 30 June 2008
and interim cash dividend declaration

Currently viewing: Headline Earnings > Next: Condensed Group Statement of Changes in Equity

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HEADLINE EARNINGS

for the period ended

	Reviewed	Restated	Restated
	6 months	6 months	12 months
	30 June	30 June	31 Dec
	2008	2007	2007
	Rm	Rm	Rm
Reconciliation of headline earnings
Attributable profit	2 816	1 605	3 181
Net profit on disposal or scrapping
of property, plant and equipment	—	(4)	(14)
Realisation of foreign currency
translation reserve	—	—	(34)
	2 816	1 601	3 133
Taxation effect of adjustments	—	3	1
Minority interest in adjustments	—	—	9
Headline earnings	2 816	1 604	3 143
Headline earnings per share (cents)
Basic	890	510	1 000
Diluted	875	502	983

The calculation of basic and diluted earnings and headline earnings per share is based on the weighted average number of ordinary shares in issue as follows:
Weighted average number

of ordinary shares	316 563 167	314 208 267	314 618 406
Diluted weighted average
number of ordinary shares	321 975 153	319 356 550	319 660 289

The adjustment of 5 411 986 shares to the weighted average number of ordinary shares is as a result of the expected vesting of share options already granted under the various share-based payment arrangements.