Earnings

2,018 2,017
R R
Profit for the period 1,475,000 1,296,000
Less: Preference dividend (8% x 750000) -60,000 -60,000
Tax effect 16,800 16,800
Adjusted profit for the year 1,431,800 1,252,800
Less: 15% Preference dividend -42,375 ~
Less: 15% Preference dividend (not declared) ~ ~
Earnings 1,389,425 1,252,800

Weight average number of oustanding ordinary shares (WANOS)

2018 2017
Actual WANOS Actual Wanos
Balance 1 April 2016 275,000 275,000 275,000 275,000
Share buyback - 1 July 2016 -100,000 -100,000 -100,000 -75,000
175,000 175,000 175,000 200,000
Capitisation issue - 1 Nov 52,500 52,500 52,500 60,000
227,500 227,500 227,500 260,000
Share consolidation - 30 Sept -113,750 -113,750 -130,000
113,750 113,750 227,500 130,000
Rights issue - 1 Jan 2018 45,500 11,375
159,250 125,125 227,500 130,000

Earnings per share 2,018 2,017

11.10 9.64

Divident per share 2018 2017

0 3.488571428571