MOTUS – Unaudited condensed interim results for the six months ended 31 December 2020

for the six months ended 31 December 2020	% change	Unaudited 31 December 2020 Rm	Unaudited 31 December 2019 Rm	Audited 30 June 2020 Rm

Headline earnings reconciliation
Earnings	4	928	895	306
Impairment of goodwill (IAS 36)		26	68	182
Impairment of intangible assets (IAS 36)		–	2	124
Loss on the disposal of intangible assets (IAS 38)		–	–	2
Reversal of impairment of investments in associates and joint ventures (IAS 28)		–	(5)	(22)
Impairment of property, plant and equipment (IAS 36)		30	15	102
Profit on disposal of property, plant and equipment (IAS 16)		(8)	(15)	(44)
Impairment of right-of-use assets (IAS 36)		–	–	14
Impairment of vehicles for hire		–	–	2
Profit on disposal of subsidiaries and businesses and other		(9)	–	(35)
Tax effects of remeasurements		(4)	1	(24)
Non-controlling interests share of remeasurements		–	–	(59)
Adjustments included in the result of associates and joint ventures		–	6	2
Headline earnings	–	963	967	550
Headline earnings per share (cents) – total operations
– Basic	2	526	517	296
– Diluted	2	515	504	288
Additional information
Net asset value per ordinary share (cents)*	4	6 526	6 258	6 653
Tangible net asset value per ordinary share (cents)*	2	5 672	5 541	5 764
Number of ordinary shares in issue (million)
– total shares		191	196	193
– net of shares repurchased		186	191	188
– weighted average for basic		183	187	186
– weighted average for diluted		187	192	191

* Prior period comparatives (31 December 2019) have been adjusted due to the reassessment of the application of IFRS 16 – Leases, refer to note 4.