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AFRICAN DAWN 2017

AFRICAN DAWN ANNUAL REPORT 2017 Notes to the Financial Statements Annual Financial Statements For the year ended 28 February 2017 continued 87 39. Loss per share Basic and diluted loss per share Basic loss per share are calculated by dividing the loss attributable to equity holders of the company by the weighted average number of ordinary shares in issue during the year excluding ordinary shares held as treasury shares ( refer to note 14). Basic and diluted loss per share Reconciliation of loss for the year to basic loss 2017 2016 C C From operations (c per share) (55.6) (31.6) (55.6) (31.6) Loss from operations (12,188) (6,910) Basic loss per share (12,188) (6,910) Reconciliation of weighted average number of ordinary shares used for basic loss per share and headline and diluted headline loss per share 2017 ‘000 2016 ‘000 Number of ordinary shares in issue 877,002 877,002 Adjusted for: Share consolidation @ 1 share per 40 held (855,077) - Restatement of prior year - (855,077) Weighted average number of shares used for loss and headline loss per share 21,925 21,925 2017 2016 C C Headline loss per share Headline loss per share (c) (40.1) (31.6) Headline loss 2017 R’000 Gross Tax Net Loss from operations (12,820) 632 (12,188) Profit on disposal of property, plant and equipment 5 (1) 4 Impairment of goodwill 3,397 - 3,397 Headline loss from operations (9,418) 631 (8,787) Headline loss 2016 R’000 Gross Tax Net Loss from operations (6,944) 34 (6,910) Loss on disposal of property, plant and equipment (13) 4 (9) (6,957) 38 (6,919)


AFRICAN DAWN 2017
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