2007 Annual Report - Sappi
2007 Annual Report - Sappi
2007 Annual Report - Sappi
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Notes to the group annual financial statements continued<br />
for the year ended September <strong>2007</strong><br />
7. Earnings per share and headline earnings per share<br />
Basic earnings per share (EPS)<br />
EPS is based on the group’s profit (loss) for the year divided by the weighted average number of shares in issue during the<br />
year under review.<br />
<strong>2007</strong> 2006<br />
Profit Shares Per share Loss Shares Per share<br />
US$ million millions US cents US$ million millions US cents<br />
Basic EPS 202 227.8 89 (4) 226.2 (2)<br />
Share options and<br />
performance shares<br />
under <strong>Sappi</strong> Limited<br />
Share Trust – 2.7 – – – –<br />
Diluted EPS 202 230.5 88 (4) 226.2 (2)<br />
The diluted EPS calculations are based on <strong>Sappi</strong> Limited daily average share price of ZAR114.42 (2006: ZAR82.90) and<br />
exclude the effect of certain share options granted under the <strong>Sappi</strong> share incentive scheme as they would be anti-dilutive.<br />
The number of share options not included in the weighted average number of shares (as they would have been anti-dilutive)<br />
are 0.8 million (September 2006: 4.2 million).<br />
100<br />
sappi limited | 07 | annual report
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