Notes to the financial statements | Note 10

10. Earnings and dividend per share
 
  Group
   31 March
2022
Rm 		 31 March
2021
Rm 
Total operations       
Basic earnings per share (cents) 536.6  489.9 
Diluted earnings per share (cents) 519.9  484.0 
Headline earnings per share (cents)1  575.3  522.2 
Diluted headline earnings per share (cents)1  557.5  516.0 
Reconciliation of weighted average number of ordinary shares:  Number of  shares  Number of  shares 
Weighted ordinary shares in issue  511 140 239  511 140 239 
Weighted average number of treasury shares  (20 985 607) (16 718 676)
Weighted average number of shares outstanding  490 154 632  494 421 563 
Reconciliation of diluted weighted average number of ordinary shares:       
Weighted average number of shares outstanding  490 154 632  494 421 563 
Expected future vesting of shares related to Group share scheme incentive plans (refer to note 24) 15 702 826  5 995 674 
Diluted weighted average numberofshares outstanding  505 857 458  500 417 237 
1  The disclosure of headline earnings is a requirement of the JSE Listings Requirements. It has been calculated in accordance with the South African Institute of Chartered Accountants' circular 1/2021 issued in this regard as well as the relevant requirements of IAS 33.       

 

   31 March 2022  31 March 2021 
   Gross 
Rm 		 Net2
Rm 		 Gross 
Rm 		 Net2
Rm 
Total operations             
Reconciliation between earnings and headline earnings:             
Profit for the year     2 631     2 428 
Non-controlling interests     (1)    (6)
Profit attributable to owners of Telkom     2 630     2 422 
Profit on disposal of property, plant and equipment and intangible assets  (14) (14) (4) (4)
Loss on disposal of a subsidiary  3  3  –  – 
Write-offs and impairments of property, plant and equipment and intangible assets  247  201  200  164 
Headline earnings     2 820     2 582 
Dividend per share (cents)    –     50.08 
2  The taxation impact consists of a R46 million increase (31 March 2021: R36 million) in tax expense related to recoupment and scrapping of disposals and write-offs of property, plant and equipment and intangible assets.             

The prior year dividend per share is based on a dividend of 50.08 cents per share declared on 19 June 2020. A total of 511 140 239 ordinary shares were outstanding on the date of the dividend declaration. No dividends were declared in the current financial period. Refer to the statement of changes in equity.