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AFRICAN DAWN ANNUAL REPORT 2020

Notes to the Financial Statements continued
Annual Financial Statements For the year ended 29 February 2020

33. Loss per share

Basic 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.

Basic and diluted loss per share

2020 2019
C C
From continued operations (c per share) (20.6) (33.5)
(20.6) (33.5)

Reconciliation of loss for the year to basic loss

Loss from continued operations (10,345) (9,393)
Basic loss per share (10,345) (9,393)

Reconciliation of weighted average number of ordinary shares used for basic loss per share and headline and diluted headline loss per share

2020 2019
‘000 ‘000
Number of actual ordinary shares in issue opening refer to note 12 48,725 21,925
Ordinary shares issue on 7 December 2018 - 6,094
Ordinary shares issue on 14 June 2019 817 -
Ordinary shares issue on 17 July 2019 656 -
Weighted average number of shares used for loss and headline loss per share 50,198 28,019

Headline loss per share
2020 2019
C C
Headline loss per share continued operations (c) (20.6) (32.8)
(20.6) (32.8)

Headline loss from continued operations 2020 R’000 Gross Tax Net
Loss from continued operations (10,345) - (10,345)
Headline loss from operations (10,345) - (10,345)

Headline loss continued operations 2019 R’000 Gross Tax Net
Loss from discontinued operations (9,383) (10) (9,393)
Loss on sale of subsidiary 181 - 181
Headline loss from continued operations (9,202) (10) (9,212)

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