Download full Annual Report and Accounts - Kingfisher
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72<br />
Notes to the consolidated<br />
fi nancial statements<br />
Kingfi sher plc<br />
<strong>Annual</strong> <strong>Report</strong><br />
<strong>and</strong> <strong>Accounts</strong><br />
2009/10<br />
10 Earnings per share<br />
2009/10 2008/09<br />
Weighted Weighted<br />
average average<br />
number Earnings number Earnings<br />
Earnings of shares per share Earnings of shares per share<br />
£ millions millions pence £ millions millions pence<br />
Continuing operations:<br />
Basic earnings per share 388 2,347 16.5 5 2,345 0.2<br />
Dilutive share options 22 (0.1) 9 –<br />
Diluted earnings per share 388 2,369 16.4 5 2,354 0.2<br />
Basic earnings per share 388 2,347 16.5 5 2,345 0.2<br />
Exceptional items (17) (0.7) 273 11.7<br />
Tax on exceptional <strong>and</strong> prior year items 14 0.7 (23) (1.0)<br />
Financing fair value remeasurements (2) (0.1) 5 0.2<br />
Tax on fi nancing fair value remeasurements 1 – (2) (0.1)<br />
Adjusted basic earnings per share 384 2,347 16.4 258 2,345 11.0<br />
Diluted earnings per share 388 2,369 16.4 5 2,354 0.2<br />
Exceptional items (17) (0.7) 273 11.7<br />
Tax on exceptional <strong>and</strong> prior year items 14 0.7 (23) (1.0)<br />
Financing fair value remeasurements (2) (0.1) 5 0.2<br />
Tax on fi nancing fair value remeasurements 1 – (2) (0.1)<br />
Adjusted diluted earnings per share 384 2,369 16.3 258 2,354 11.0<br />
Total operations:<br />
Basic earnings per share 388 2,347 16.5 209 2,345 8.9<br />
Dilutive share options 22 (0.1) 9 –<br />
Diluted earnings per share 388 2,369 16.4 209 2,354 8.9<br />
Basic earnings per share is calculated by dividing the profi t for the year attributable to equity shareholders of the Company by the weighted average number of<br />
shares in issue during the year, excluding those held in the Employee Share Ownership Plan Trust (‘ESOP’) which for the purpose of this calculation are treated<br />
as cancelled.<br />
For diluted earnings per share, the weighted average number of shares is adjusted to assume conversion of all dilutive potential ordinary shares. These represent<br />
share options granted to employees where both the exercise price is less than the average market price of the Company’s shares during the year <strong>and</strong> any related<br />
performance conditions have been met.<br />
11 Dividends<br />
£ millions 2009/10 2008/09<br />
Dividends to equity shareholders of the Company<br />
Final dividend for the year ended 31 January 2009 of 3.4p per share (2 February 2008: 3.4p per share) 80 80<br />
Interim dividend for the year ended 30 January 2010 of 1.925p per share (31 January 2009: 1.925p per share) 45 45<br />
125 125<br />
The proposed fi nal dividend for the year ended 30 January 2010 of 3.575p per share is subject to approval by shareholders at the <strong>Annual</strong> General Meeting <strong>and</strong><br />
has not been included as a liability in these fi nancial statements.
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