Dave Forsey Chief Executive 19 July 2012 - Sports Direct International

13. Earnings per share from total and continuing operations attributable
to the equity shareholders
Basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders of the parent by the weighted average
number of ordinary shares outstanding during the year.
For diluted earnings per share, the weighted average number of shares, 568,591,423 (2011: 568,552,000), is adjusted to assume conversion of
all dilutive potential ordinary shares under the Group’s bonus share schemes, being 67,161,036 (2011: 35,528,449), to give the diluted weighted
average number of shares of 635,752,459 (2011 604,080,818:).
Basic and diluted earnings per share
53 weeks ended
29 April 2012
Basic (£’000)
53 weeks ended
29 April 2012
Diluted (£’000)
52 weeks ended
24 April 2011
Basic (£’000)
52 weeks ended
24 April 2011
Diluted (£’000)
Profit for the period 106,198 106,198 84,173 84,173
Number in thousands Number in thousands
Weighted average number of shares 568,591 635,752 568,552 604,081
Pence per share Pence per share
Earnings per share 18.68 16.70 14.80 13.93
Underlying earnings per share
The underlying earnings per share reflects the underlying performance of the business compared with the prior year and is calculated by dividing
underlying earnings by the weighted average number of shares for the period. Underlying earnings is used by management as a measure of
profitability within the Group. Underlying earnings is defined as profit for the period attributable to equity holders of the parent for each financial
period but excluding the post tax effect of certain exceptional items.
The directors believe that the underlying earnings before exceptional items and underlying earnings per share measures provide additional useful
information for shareholders on the underlying performance of the business, and are consistent with how business performance is measured
internally. Underlying earnings is not a recognised profit measure under IFRS and may not be directly comparable with “adjusted” profit
measures used by other companies.
53 weeks ended
29 April 2012
Basic (£’000)
53 weeks ended
29 April 2012
Diluted (£’000)
52 weeks ended
24 April 2011
Basic (£’000)
52 weeks ended
24 April 2011
Diluted (£’000)
Profit for the period 106,198 106,198 84,173 84,173
Post tax adjustments to profit for the period for the following exceptional items:
Realised loss / (gain) on forward exchange contracts 1,431 1,431 (237) (237)
Fair value adjustment to forward foreign exchange contracts (2,527) (2,527) 1,194 1,194
Other investment costs 7,146 7,146 8,397 8,397
Release of provision relating to regulatory enquiries (1,639) (1,639) - -
Provision for legal costs - - 2,158 2,158
Profit on sale of intangible assets (1,153) (1,153) (604) (604)
Profit on disposal of property (1,197) (1,197) - -
Fair value adjustments within associated undertakings (929) (929) 623 623
Impairment of goodwill 1,756 1,756 - -
Underlying profit for the period 109,086 109,086 95,704 95,704
Number in thousands Number in thousands
Weighted average number of shares 568,591 635,752 568,552 604,081
Pence per share Pence per share
Underlying earnings per share 19.19 17.16 16.83 15.84
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