|
|
Notes to the financial statements
|
| 12. |
Earnings (loss) per share |
The basic earnings (loss) per share are calculated by dividing the profit for the financial year attributable to shareholders by the weighted average number of shares in issue after deducting the company’s shares held by employee share ownership trusts and treasury shares.
In calculating the diluted earnings (loss) per share, share options outstanding and other potential ordinary shares have been taken into account.
The
weighted average number of shares in the years were:
| |
|
|
2005
millions
of shares |
|
|
2004
millions
of shares |
|
|
2003
millions
of shares |
|
|
|
Basic |
|
|
8,524 |
|
|
8,621 |
|
|
8,616 |
|
Dilutive ordinary shares from share options outstanding and shares held in trust |
|
|
57 |
|
|
55 |
|
|
52 |
|
|
|
Total diluted |
|
|
8,581 |
|
|
8,676 |
|
|
8,668 |
|
|
|
Options over 207 million shares (2004 – 259 million, 2003 – 177 million) were excluded from the calculation of the total diluted number of shares as they were anti-dilutive.
The items in the calculation of earnings (loss) per share before goodwill amortisation and exceptional items were:
| |
|
|
2005
pence
per share |
|
|
2004
pence
per share |
a |
|
2003
pence
per share |
a |
|
2005
£m |
|
|
2004
£m |
a |
|
2003
£m |
a |
|
|
Attributable to exceptional items and goodwill: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill amortisation |
|
|
(0.2 |
) |
|
(0.1 |
) |
|
(0.3 |
) |
|
(16 |
) |
|
(12 |
) |
|
(22 |
) |
Property rationalisation costs |
|
|
(0.7 |
) |
|
– |
|
|
(2.3 |
) |
|
(59 |
) |
|
– |
|
|
(198 |
) |
Rectification costs |
|
|
– |
|
|
(0.3 |
) |
|
– |
|
|
– |
|
|
(30 |
) |
|
– |
|
BT Wholesale bad debts release |
|
|
– |
|
|
0.2 |
|
|
– |
|
|
– |
|
|
23 |
|
|
– |
|
Goodwill impairment in associates and joint ventures |
|
|
– |
|
|
(0.3 |
) |
|
– |
|
|
– |
|
|
(26 |
) |
|
– |
|
Impairment in associates and joint ventures |
|
|
(0.3 |
) |
|
– |
|
|
– |
|
|
(25 |
) |
|
– |
|
|
– |
|
Release of surplus exit costs |
|
|
– |
|
|
– |
|
|
1.8 |
|
|
– |
|
|
– |
|
|
150 |
|
Profit on sale of fixed asset investments |
|
|
4.3 |
|
|
0.4 |
|
|
19.8 |
|
|
358 |
|
|
32 |
|
|
1,705 |
|
Loss on sale of group undertakings |
|
|
– |
|
|
– |
|
|
(0.1 |
) |
|
– |
|
|
– |
|
|
(9 |
) |
Finance cost of novating interest rate swaps |
|
|
– |
|
|
– |
|
|
(3.4 |
) |
|
– |
|
|
– |
|
|
(293 |
) |
Interest receivable on Yell loan notes |
|
|
– |
|
|
0.4 |
|
|
– |
|
|
– |
|
|
34 |
|
|
– |
|
Premium on repurchasing bonds |
|
|
– |
|
|
(1.1 |
) |
|
– |
|
|
– |
|
|
(89 |
) |
|
– |
|
Tax credit |
|
|
0.2 |
|
|
0.3 |
|
|
1.6 |
|
|
16 |
|
|
29 |
|
|
139 |
|
Minority interest |
|
|
– |
|
|
– |
|
|
(0.1 |
) |
|
– |
|
|
– |
|
|
(7 |
) |
|
|
Net credit (charge) attributable to exceptional items and goodwill amortisation |
|
|
3.3 |
|
|
(0.5 |
) |
|
17.0 |
|
|
274 |
|
|
(39 |
) |
|
1,465 |
|
|
|
Basic earnings per share/profit for the financial year after goodwill amortisation and exceptional items |
|
|
21.4 |
|
|
16.4 |
|
|
31.4 |
|
|
1,821 |
|
|
1,414 |
|
|
2,702 |
|
Less: Basic earnings (loss) per share/profit (loss) for the financial year attributable to exceptional items and goodwill amortisation |
|
|
3.3 |
|
|
(0.5 |
) |
|
17.0 |
|
|
274 |
|
|
(39 |
) |
|
1,465 |
|
|
|
Basic earnings per share/profit for the financial year before goodwill amortisation and exceptional items |
|
|
18.1 |
|
|
16.9 |
|
|
14.4 |
|
|
1,547 |
|
|
1,453 |
|
|
1,237 |
|
|
|
Earnings per share before goodwill amortisation and exceptional
items is provided to help readers evaluate the performance of the
group.
|
|
|
|
|
|
|
|
|
|
<< Previous back to top Next >>
|
|
