2. Salient financial features for the year ended 28 February 2023
| US$'000 | Audited Year ended 28 February 2023 |
Audited Re-presented^ Year ended 28 February 2022 |
|
| Headline (loss)/earnings | (20 235) | 33 008 | |
|---|---|---|---|
| Continuing operations | (23 451) | 28 215 | |
| Discontinued operations | 3 216 | 4 793 | |
| Headline (loss)/earnings per share (US cents) | |||
| Headline | (9.3) | 16.2 | |
| Continuing operations | (10.8) | 13.9 | |
| Discontinued operations | 1.5 | 2.3 | |
| Diluted headline | (9.3) | 15.8 | |
| Continuing operations | (10.8) | 13.5 | |
| Discontinued operations | 1.5 | 2.3 | |
| Net asset value | |||
| Net asset value per share (US cents) | 214.9 | 263.7 | |
| Key ratios | |||
| Gross margin (%) – continuing operations | 14.5 | 16.1 | |
| EBITDA margin (%) – continuing operations | 1.9 | 3.2 | |
| Effective tax rate (%) – continuing operations | (66.7) | 21.5 | |
| Exchange rates | |||
| Average Rand/US$ exchange rate | 16.8 | 15.0 | |
| Closing Rand/US$ exchange rate | 18.4 | 15.4 | |
| Number of shares issued (millions) | |||
| Issued | 225 | 217 | |
| Issued (excluding treasury shares and shares held by participants under deferred bonus plan) | 220 | 214 | |
| Weighted average | 218 | 203 | |
| Diluted weighted average | 227 | 209 |
| ^ | The prior year has been re-presented to show comparative results from continuing and discontinued operations in accordance with IFRS 5. |
