Headline earnings

  June 2012  June 2011 
Rm (Reviewed) (Audited) % change
Reconciliation of net profit for the year to headline earnings:
Net profit attributable to equity holders of the parent 1,173.5  838.7 
  Impairment of assets (note 3) 16.5  10.0 
  Loss/(Profit) on disposal of fixed assets 12.6  (2.9)
  Loss on disposal of business 12.1  34.9 
  Fair value adjustment on assets classified as held for sale 7.9   
  Total tax effects of adjustments (5.9) 1.2   
Headline earnings 1,216.7  881.9  38.0
Headline earnings before Walmart costs (taxed) 1,363.6  1,252.7  8.9
Headline EPS (cents) 564.5  433.3  30.3
Headline EPS before Walmart costs (taxed) (cents) 632.6  615.5  2.8
Diluted headline EPS (cents) 552.3  410.8  34.4
Diluted headline EPS before Walmart costs (taxed) (cents) 619.0  583.5  6.1