6.  BASIC, DILUTED AND HEADLINE EARNINGS PER SHARE FOR CONTINUING OPERATIONS
6.1 Basic earnings per share
  Basic earnings per share is calculated by dividing the profit attributable to equity holders of Bidcorp by the weighted average number of ordinary shares in issue during the year, excluding those ordinary shares held as treasury shares.

Weighted average number of shares in issue is calculated as the number of shares in issue at the beginning of the year, increased/decreased by shares issued/treasury shares bought/sold during the year, weighted on a time basis for the period in the year during which they have participated in the profit of Bidcorp.

   2019     2018   
Profit attributable to shareholders of the company (R'000) 4 836 138     4 205 636  
Weighted average number of shares in issue ('000) 333 302     332 725  
Basic earnings per share (cents) 1 451,0     1 264,0  
6.2 Diluted earnings per share
 
The diluted basic earnings per share is calculated by adjusting the weighted average number of shares outstanding to assume conversion of all dilutive potential ordinary shares.          
Dilutive earnings* (R'000) 4 836 138      4 205 636    
Weighted average number of shares in issue ('000) 333 302      332 725    
Potential dilutive impact of outstanding share options and conditional awards ('000) 562      926    
   Number of outstanding staff share options  4 350      4 293    
   Number of share options deemed to be issued at fair value  (3 939)     (3 465)   
   Contingent issuable shares in terms of conditional share plan to be issued not at fair value  151      98    
Dilutive weighted average number of shares ('000) 333 864      333 651    
Diluted basic earnings per share (cents) 1 448,5      1 260,5    
Dilution (%) 0,2%      0,3%    

* There were no reconciling items for the diluted earnings.

       R'000           R'000    
6.3 Headline earnings per share          
  Profit attributable to shareholders of the company  4 836 138        4 205 636   
  Impairments  40 748        90 321   
     Property, plant and equipment  27 992        25 833   
     Intangible assets  21 346        5 347   
     Goodwill  –        58 079   
     Investment at fair value through OCI  –        1 329   
     Associate  –        267   
     Taxation relief  (8 590)       (534)  
  Capital profit on disposal of property, plant and equipment  (65 358)       (10 389)  
     Property, plant and equipment  (93 444)       (15 318)  
     Taxation charge  28 086        4 929   
  Loss on disposal of interests in subsidiary  –        9 050   
  Gain from bargain purchase  –        (4 222)  
  Insurance proceeds received in relation to the impairment of property, plant and equipment  –        (21 974)  
  Headline earnings  4 811 528        4 268 422   
  Headline earnings per share (cents) 1 443,6          1 282,9   
  Diluted headline earnings per share (cents) 1 441,2          1 279,3   
  Dilution (%) 0,2%          0,3%