PRO FORMA FINANCIAL EFFECTS Sample Clauses

PRO FORMA FINANCIAL EFFECTS. The unaudited pro forma financial effects of the acquisition on OneLogix’s basic and diluted basic earnings per share, headline and diluted headline earnings per share, net asset value and net tangible asset value per share, based on OneLogix’s unaudited condensed consolidated interim results for the six months ended 30 November 2013, are not significant and are accordingly not presented.

PRO FORMA FINANCIAL EFFECTS. To assist shareholders to assess the impact of the new issue of shares in the event of exercise of the option, set out below is the pro forma effects on earnings, headline earnings, net asset value and tangible net asset value per DRD ordinary share. The material assumptions are set out following the table. The pro forma does not constitute a representation of the future financial position of DRD should the option be exercised. Earnings per share 201.5 198.3 -2 Headline earnings per share 199.0 196.1 -1 Net asset value per share 251.0 397.8 58 Tangible net asset value per share 251.0 397.8 58 1.1. The earnings and headline earnings per share in the "Before the exercise of the option" column of the table are based on the reviewed income statement of DRD for the financial year ended 30 June 2003. 2.2. The earnings and headline earnings per share in the "After the exercise of the option" column of the table are based on 202 091 466 shares in issue, being the weighted average number of shares in issue for the year, and the assumptions that • the option was exercised on 1 July 2002; • the 30-day trade-weighted average price of DRD ADRs on NASDAQ at that date equated to R20 per DRD ADR; and • the cash raised on issue of DRD shares pursuant to the exercise of the option earned interest at a rate of 12.5%, which interest attracted South African normal tax at a rate of 30%.

PRO FORMA FINANCIAL EFFECTS