Selected notes to the summarised financial statements
for the year ended 29 February 2012
GROUP |
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 |
2012 |
 |
2011 |
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4. |
BASIC, HEADLINE AND DILUTED EARNINGS/(LOSS) PER SHARE |
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Basic |
233.21 |
164.99 |
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Continuing operations |
159.64 |
190.92 |
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Discontinued operation |
73.57 |
(25.93) |
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Diluted basic |
228.69 |
162.20 |
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Continuing operations |
156.55 |
187.68 |
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Discontinued operation |
72.14 |
(25.48) |
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Headline |
142.69 |
164.90 |
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Continuing operations |
160.78 |
189.35 |
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Discontinued operation |
(18.09) |
(24.45) |
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Diluted headline |
139.92 |
162.10 |
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Continuing operations |
157.67 |
186.14 |
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Discontinued operation |
(17.75) |
(24.04) |
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 |
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GROUP |
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|
2012 |
|
2011 |
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4.1 |
Basic and headline earnings |
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Reconciliation between basic and headline earnings: |
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Basic earnings (profit for the year) |
1 113.5 |
784.9 |
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Continuing operations |
762.3 |
908.3 |
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Discontinued operation |
351.2 |
(123.4) |
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Adjustments: |
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Continuing operations |
5.5 |
(7.5) |
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Loss on sale of property, equipment and vehicles and intangible assets |
7.6 |
— |
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Tax effect of loss on sale of property, equipment and vehicles and intangible assets |
(2.1) |
— |
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Fair value gain on recognition of investment in associate |
— |
(7.5) |
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Discontinued operation |
(437.6) |
7.0 |
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Loss on sale of property, equipment and vehicles and intangible assets |
0.8 |
7.0 |
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Profit on sale of discontinued operation (note 6) |
(493.4) |
— |
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Tax effect relating to sale of discontinued operation (note 6) |
55.0 |
— |
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Headline earnings |
681.4 |
784.4 |
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Continuing operations |
767.8 |
900.8 |
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Discontinued operation |
(86.4) |
(116.4) |
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4.2 |
Weighted average number of shares |
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The weighted average number of shares is lower than that in issue due to the treasury shares held by the Group being treated as cancelled for this calculation. |
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Number of |
Number of |
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Movement in the weighted average number of ordinary shares in issue comprises: |
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At 1 March |
475 770.3 |
473 199.8 |
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Effect of current year share repurchases by the share trust |
(478.7) |
(885.3) |
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Effect of share sales on the take-up of share options |
943.5 |
3 038.8 |
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Prior year net share sales/repurchases now fully weighted |
1 215.3 |
417.0 |
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At end February |
477 450.4 |
475 770.3 |
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Dilutive effect of share options |
9 434.2 |
8 210.3 |
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Weighted average number of ordinary shares in issue for purposes of calculating diluted earnings per share |
486 884.6 |
483 980.6 |
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