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Old Mutual Ltd - Trading Statement

RNS Number : 9427W
Old Mutual Limited
24 August 2020
 

Old Mutual Limited

Incorporated in the Republic of South Africa

Registration number: 2017/235138/06

ISIN: ZAE000255360

LEI: 213800MON84ZWWPQCN47

JSE Share Code: OMU

NSX Share Code: OMM

MSE Share Code: OMU

ZSE Share Code: OMU

("Old Mutual" or "Company" or "Group")

 

Ref 29/20

24 August 2020

 

 

Key Performance Indicators

(R million unless stated otherwise)

 

Estimated

% change

 

Estimated

30 June 2020

 

 

30 June 2019

Results from Operations

4,512

Adjusted Headline Earnings

5,211

AHEPS (cents)¹

109.1

1AHEPS defined as Adjusted Headline Earnings divided by WANS adjusted to reflect the Group's BBE shares and shares held in policyholder and consolidated investment funds.

 

The notable decrease in the GDP growth for South Africa and increased uncertainty around future cashflow projections is expected to result in the recognition of material impairments in respect of the carrying value of our investment in Nedbank and the goodwill related to our investment in Old Mutual Finance. These impairments are recognised in the IFRS income statement, however, are not recognised in Headline Earnings as this is an explicit adjusting item in accordance with the JSE Circular. Accordingly they are also not recognised in Adjusted Headline Earnings (AHE).

 

Key Performance Indicators

(R million unless stated otherwise)

 

Estimated

% change

 

Estimated 30 June 2020

 

 

30 June 2019

Headline Earnings

5,854

HEPS (cents)

128.1

IFRS profit after tax attributable to equity holders of the parent

5,817

Basic EPS (cents)

127.3

 

 

The financial information in this trading statement is the responsibility of the Old Mutual Limited Board of Directors and has not been reviewed or reported on by the Group's external auditors.

 

 

Sponsors

Notes to Editors

 

 

www.oldmutual.com

 

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END
 
 
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Quick facts: Old Mutual Limited

Price: 52.1

Market: LSE
Market Cap: £2.45 billion
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