RCL Foods Limited provided earnings guidance for the year ended 30 June 2016. The company expects that its headline earnings per share from continuing operations ("HEPS") for the year ended 30 June 2016 will be between 95.0 cents (­15.3%) and 105.0 cents (-6.4%) versus HEPS of 112.2 cents for the corresponding year ended 30 June 2015. The combined HEPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 95.0 cents (-16.0%) and 105.0 cents (­7.2%) versus combined HEPS of 113.1 cents for the corresponding year ended 30 June 2015. The earnings per share from continuing operations ("EPS") for the year ended 30 June 2016 will be between 20.0 cents (­80.5%) and 30.0 cents (­70.7%) versus EPS of 102.4 cents for the corresponding year ended 30 June 2015. The combined EPS (which includes continuing and discontinued operations) for the year ended 30 June 2016 will be between 20.0 cents (­79.7%) and 30.0 cents (-69.6%) versus combined EPS of 98.7 cents for the corresponding year ended 30 June 2015. The results for the year ended 30 June 2016 have been materially impacted by abnormal items of: an impairment of ZAR 642.8 million (excluded from headline earnings) relating to goodwill and trademarks in the Milling cash generating unit. The impairment is due to lower forecasted cash flows as a result of a competitive trading environment and increases in the ten-year government bond yield driving up the discount rate. The impact on EPS is a negative 74.5 cents the release of a ZAR 163.3 million provision for uncertain taxation disputes raised in terms of IFRS 3 (Business Combinations) as part of the Foodcorp acquisition. This matter has now been finalized with the South African Revenue Service and consequently the income tax expense for the period has been reduced by ZAR 163.3 million. The release has no cashflow impact. The impact on HEPS and EPS is a positive 18.9 cents; and recognition of ZAR 67.7 million profit after tax (headline earnings impact ZAR 118.9 million) relating to the exercise of the Zam Chick and Zamhatch put options. The impact on HEPS and EPS is a positive 13.8 cents and 7.8 cents respectively. Excluding these items, HEPS from continuing operations for the year ended 30 June 2016 will be between 61.4 cents (­45.3%) and 71.4 cents (­36.4%)versus 112.2 cents for the corresponding year ended 30 June 2015.