Notes to the Interim report (unaudited)
7 Earnings per share
Basic earnings per share are calculated by dividing the profit for the period attributable to equity shareholders of the Parent Company by the average number of ordinary shares in issue during the period.
|
Period ended |
Period ended |
Year ended |
Profit/(loss) for the period |
|
|
|
– continuing |
108.7 |
132.9 |
244.0 |
– total |
108.6 |
141.4 |
268.5 |
Average number of shares in issue during the period |
388,556,061 |
387,070,514 |
387,446,186 |
Diluted earnings per share are calculated by dividing the profit attributable to equity shareholders by 391,369,103 (period ended 2 February 2008: 393,138,707; period ended 31 July 2008: 391,851,712) ordinary shares, being the average number of ordinary shares in issue during the period, adjusted by the dilutive effect of share options.
A reconciliation of basic and headline earnings per share – continuing is as follows:
|
Period ended 31 January 2009 |
Period ended 2 February 2008 |
Year ended 31 July 2008 |
|||||
|
Continuing |
|
Continuing |
|
Continuing |
|
|||
|
Attributable to equity shareholders of the Parent Company |
108.7 |
28.0 |
132.9 |
34.3 |
244.0 |
63.0 |
||
|
Exclude |
|
|
|
|
|
|
||
|
– exceptional operating items (note 4) |
10.4 |
|
(18.9) |
|
35.4 |
|
||
|
– amortisation of acquired intangible assets |
14.7 |
|
7.2 |
|
19.2 |
|
||
|
– financing gains |
– |
charged to administrative expenses |
|
|
|
|
0.3 |
|
|
– |
exceptional finance cost – adjustment to discounted provision (note 4) |
3.7 |
|
2.5 |
|
4.7 |
|
|
– |
charged to financing |
2.6 |
|
2.7 |
|
1.4 |
|
|
31.4 |
|
(6.5) |
|
61.0 |
|
||
less tax on non-headline items |
(13.8) |
|
(7.2) |
|
(16.3) |
|
||
|
17.6 |
4.5 |
(13.7) |
(3.5) |
44.7 |
11.5 |
||
Headline |
126.3 |
32.5 |
119.2 |
30.8 |
288.7 |
74.5 |
||
Headline EPS – diluted (p) |
|
32.2 |
|
30.3 |
|
73.7 |
||