Annual Report and Accounts 2012 - Speedy Hire plc

70 Financial statements
Notes to the financial statements
continued
9 Earnings/(loss) per share
The calculation of basic earnings/(loss) per share is based on the profit/(loss) attributable to equity holders of the Company of £1.7m (2011:
loss £19.3m) and the weighted average number of 5 pence ordinary shares in issue is calculated as follows:
2012 2011
Profit/(loss) (£m)
Profit/(loss) for the year after tax – basic earnings/(loss) 1.7 (19.3)
Intangible amortisation charge (after tax) 3.1 4.0
Exceptional items (after tax) 4.0 15.2
Adjusted earnings/(loss) (after tax) 8.8 (0.1)
Weighted average number of shares in issue (million)
At the beginning of the year 506.9 419.1
Change in weighted average number of ordinary shares – 87.8
At the end of the year – basic number of shares 506.9 506.9
Share options 0.3 –
Employee share scheme 4.5 –
At the end of the year – diluted number of shares 511.7 506.9
Earnings/(loss) per share (pence)
Basic earnings/(loss) per share 0.33 (3.81)
Amortisation 0.60 0.79
Exceptional costs 0.79 3.00
Adjusted earnings/(loss) per share 1.72 (0.02)
Basic earnings/(loss) per share 0.33 (3.81)
Share options – –
Employee share scheme – –
Diluted profit/(loss) per share 0.33 (3.81)
Adjusted earnings/(loss) per share 1.72 (0.02)
Share options – –
Employee share schemes (0.01) –
Adjusted diluted earnings/(loss) per share 1.71 (0.02)
Total number of shares outstanding at 31 March 2012 amounted to 517,234,202, including 10,260,251 shares held in the employee benefit
trust, which are excluded in calculating earnings per share.
Speedy Hire Plc Annual Report and Accounts 2012