Advanced Computer Software Group plc Annual report 2013

Notes to the consolidatedfinancial statements continued10 Earnings per share continuedDiluted earnings per share2013ContinuingoperationsContinuingoperations2012DiscontinuedoperationsTotalWeighted average number of ordinary shares in issue 346,407,684 337,539,801 337,539,801 337,539,801Adjustment for share schemes 65,659,056 60,500,635 60,500,635 60,500,635Weighted average number of potential ordinaryshares in issue 412,066,740 398,040,436 398,040,436 398,040,436Diluted basic earnings per share 2.2p 1.5p 1.3p 2.8pThe diluted profit per share has been calculated by dividing the net profit attributable to ordinary shareholders bythe weighted average number of shares in issue during the period, adjusted for potentially dilutive shares that arenot anti-dilutive.The adjusted EPS is calculated by removing the one-off acquisition costs, share-based payments, amortisation ofintangible assets and tax adjustments from the net profit.Earnings£’000Weightedaveragenumber ofsharesPer shareamountpenceBasic earnings 9,132 346,407,684 2.6Dilution for employee share options 24,089,763Dilution for MPS 41,569,293Diluted earnings 9,132 412,066,740 2.2Basic earnings 9,132 346,407,684 2.6Amortisation of acquired intangible assets 13,185Share-based payments 1,246Acquisition costs 485Tax effect on adjustment (4,799)Adjusted earnings 19,249 346,407,684 5.6Diluted earnings 9,132 412,066,740 2.2Amortisation of acquired intangible assets 13,185Share-based payments 1,246Acquisition costs 485Tax effect on adjustment (4,799)Adjusted diluted earnings 19,249 412,066,740 4.711 AcquisitionsAcquisitions during the yearFabric Technologies LimitedOn 30 April 2012, the Group acquired all the ordinary share capital in Fabric Technologies for a total cashconsideration of £4.6m. Fabric provides managed services and unified communication solutions to customers inbanking and other professional services sectors and has been fully integrated into the Advanced 365 ManagedServices division. In the ten months to 28 February 2013 the subsidiary contributed £0.2m to the consolidated net profitfor the year. If the acquisition had occurred on 1 March 2012, Group revenue would have been £1.3m higher withno effect on net profit. In determining these amounts, management has assumed that the fair value adjustmentsthat arose on the date of acquisition would have been the same if the acquisition had occurred on 1 March 2012.52Advanced Computer Software Group plcAnnual Report 2013