Annual Report & Accounts 2012 - Euromoney Institutional Investor ...

Euromoney Institutional Investor PLC Annual Report and Accounts 2012
www.euromoneyplc.com
Notes to the Consolidated
Financial Statements continued
11 Earnings per share continued
2012
Adjusted
basic
earnings
per share
2012
Adjusted
diluted
earnings
per share
2011
Adjusted
basic
earnings
per share
2011
Adjusted
diluted
earnings
per share
Number
000’s
Number
000’s
Number
000’s
Number
000’s
Weighted average number of shares 122,859 122,859 119,957 119,957
Shares held by the Employees’ Share Ownership Trust (59) (59) (59) (59)
Weighted average number of shares 122,800 122,800 119,898 119,898
Effect of dilutive share options 3,490 2,214
Diluted weighted average number of shares 126,290 122,112
Pence
per share
Pence
per share
Pence
per share
Pence
per share
Basic earnings per share 56.74 56.74 38.02 38.02
Effect of dilutive share options (1.57) (0.68)
Diluted earnings per share 55.17 37.34
Effect of acquired intangible amortisation 12.04 11.70 10.19 10.01
Effect of exceptional items 1.32 1.28 2.75 2.70
Effect of imputed interest on acquisition option commitments 0.80 0.77 0.15 0.15
Effect of net movements in acquisition option commitment values (2.39) (2.33) 0.30 0.29
Effect of movement in acquisition deferred consideration (0.03) (0.03) 1.53 1.50
Effect of additional accelerated long-term incentive expense – – 5.51 5.41
Effect of tax on the above adjustments (4.57) (4.43) (4.04) (3.98)
Effect of tax on US goodwill amortisation 5.27 5.13 3.89 3.82
Effect of tax adjustments in respect of prior years (1.39) (1.35) (1.21) (1.19)
Adjusted basic and diluted earnings per share 67.79 65.91 57.09 56.05
The adjusted diluted earnings per share figure has been disclosed since the directors consider it necessary in order to give an indication of the underlying
trading performance.
All of the above earning figures per share relate to continuing operations.
82