Skip Links

Menu Links

Notes to the
Accounts


< Previous

Next >



9 Earnings per share
In order to show results from operations on a consistent basis, an adjusted earnings per share is presented which excludes certain items as set out below. The company's definition of adjusted earnings per share may not be comparable to other similarly titled measures reported by other companies.
 
    2004   2003
  Note m Earnings
per share
pence
  m Earnings
per share
pence
Profit for the financial year   88 11.1   55 6.9
Adjustments
- Non-operating items   (9) (1.2)   (6) (0.8)
- Goodwill amortisation 2b 224 28.1   264 33.3
Taxation on above items   (55) (6.9)   (53) (6.6)
Minority interest share of above items   (9) (1.1)   (6) (0.8)
Adjusted earnings   239 30.0   254 32.0
Diluted earnings   88 11.0   55 6.9
Weighted average number of shares (millions)
- for basic earnings and adjusted earnings
  795.6     794.4  
Effect of dilutive share options   1.1     0.9  
Weighted average number of shares (millions)
- for diluted earnings
  796.7     795.3  

back to top