Stefanutti Stocks Holdings Limited provided earnings guidance for the year ended 28 February 2018. The Group is required to test goodwill for impairment at each reporting period or when there is an indicator of impairment. At 28 February 2018 an impairment of ZAR 667 million was recognised, predominantly relating to the goodwill that arose from the Stocks Limited acquisition. This impairment is reversed from earnings per share in determining headline earnings per share. As a result thereof, the company's earnings per share is expected to be a loss of between 285.00 cents and 305.00 cents per share, whereas headline earnings per share is expected to show a profit of between 80.00 cents and 100.00 cents per share. The corresponding 2017 reporting period reflected earnings per share reported as a loss of 79.34 cents whilst headline earnings per share reflected a profit of 10.94 cents.