MASONITE (AFRICA) LIMITED - Restatement of headline earnings per share for the year ended 31 December 2014
MAS 201512180032A
Restatement of headline earnings per share for the year ended 31 December 2014
MASONITE (AFRICA) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1942/015502/06)
Share code: MAS ISIN: ZAE000004289
(“Masonite” or “the company”)
RESTATEMENT OF HEADLINE EARNINGS PER SHARE FOR THE YEAR ENDED 31 DECEMBER
2014
Shareholders are advised that, following a pro-active monitoring review by the JSE Limited of
Masonite’s annual financial statements for the year ended 31 December 2014 (“2014 AFS”),
a restatement of the headline earnings per share (“HEPS”) is required.
The restatement required arises as a result of the unintentional inclusion of the insurance
proceeds received related to the plant, machinery and equipment and the unintentional
exclusion loss on disposal of plant, machinery and equipment from the explosion at
Masonite’s mill in Estcourt on 6 June 2014.
31 December
2014
R’000
Headline earnings as reported in the 2014 AFS 20 220
Adjusted for:
Insurance proceeds on plant, machinery and equipment damaged in the (2 800)
explosion
Loss on disposal plant, machinery and equipment damaged in the explosion 572
Tax effect of above adjustments 624
Adjusted headline earnings 18 616
HEPS as reported in the 2014 AFS
Basic (cents) 283
Diluted (cents) 283
Adjusted HEPS
Basic (cents) 261
Diluted (cents) 261
The adjustment represents a 22 cents (7.8%) decrease in HEPS.
Durban
18 December 2015
Sponsor
Nedbank Corporate and Investment Banking
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