FINANCIAL REVIEW

Salient features

Headline earnings

JSE/IFRS2 9%

ADJUSTED3 35%

Headline earnings per share (HEPS)

JSE/IFRS2 8%

ADJUSTED3 34%

Basic earnings

JSE/IFRS2 22%

ADJUSTED3 2%


Basic earnings per share (BEPS)

JSE/IFRS2 23%

ADJUSTED3 3%

Dividends per share (DPS)

JSE/IFRS2 R13.00

ADJUSTED3 R13.00

Net cash to equity ratio

JSE/IFRS2 8.8

ADJUSTED3 9.0

  1. The financial review should be read in conjunction with the audited annual financial statements on ARM’s website at www.arm.co.za. The financial review does not contain sufficient information to allow for a complete understanding of the financial results and state of affairs of the group, which is provided by the detailed audited annual financial statements.
  2. JSE Limited/International Financial Reporting Standards.
  3. Excludes a net fair value gain of R977 million on the ARM Coal restructuring in F2018 and net fair value and remeasurement gains on loans of R49 million in F2019.
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