Annual Report 2010 in PDF - BBA Aviation

5. Dividends
On 21 May 2010, the 2009 fnal dividend of 5.3p per share (total dividend £22.4 million) was paid to shareholders. During 2010 and 2009 the
Company operated a Scrip Dividend Scheme which provided shareholders with the opportunity to receive their dividends in the form of new
ordinary shares in the Company instead of cash. £10.8 million of the 2009 fnal dividend was taken up in the form of shares under the Scrip
Dividend Scheme. In May 2009, the 2008 fnal dividend paid was 5.3p per share (total dividend £21.9 million).
On 29 October 2010, the 2010 interim dividend of 2.4p per share (total dividend £10.3 million) was paid to shareholders. £4.5 million of the
2010 interim dividend was taken up in the form of shares under the Scrip Dividend Scheme. In November 2009, the 2009 interim dividend paid
was 2.3p per share (total dividend £9.7 million).
In respect of the current year, the directors propose that a fnal dividend of 5.7p per share will be paid to shareholders on 8 June 2011. This
dividend is subject to approval by shareholders at the Annual General Meeting and in accordance with IAS 10 “Events after the Reporting Period”
has not been included as a liability in these fnancial statements. The proposed dividend is payable to all shareholders on the register of members
on 15 April 2011. The total estimated dividend to be paid is £22.4 million.
Dividend payments to minority shareholders during the year totalled £0.1 million (2009: £0.1 million).
6. Earnings per share
The calculation of the basic and diluted earnings per share is based on the following data:
2010 2009
£m £m
Basic:
Earnings
Profit for the period
65.0 45.5
Non-controlling interests
0.1 2.4
Basic earnings attributable to ordinary shareholders
65.1 47.9
Exceptional items (net of tax)
10.1 13.2
Adjusted earnings 75.2 61.1
Diluted:
Earnings
Basic earnings attributable to ordinary shareholders 65.1 47.9
Diluted earnings attributable to ordinary shareholders
65.1 47.9
Exceptional items (net of tax)
10.1 13.2
Adjusted diluted earnings 75.2 61.1
Number of shares
Weighted average number of 2916 /21 p ordinary shares:
For basic earnings per share
Exercise of share options
For diluted earnings per share 441.7 428.2
Earnings per share
Basic:
Adjusted
Unadjusted
Diluted:
Adjusted
Unadjusted
Adjusted earnings per share is shown calculated on earnings before exceptional items because the directors consider that this gives a useful
indication of underlying performance.
The dilutive earnings per share for the comparative period has been restated due to an adjustment required for the expected exercise of
share options.
427.7
14.0
17.6p
15.2p
17.0p
14.7p
418.4
9.8
14.6p
11.4p
14.3p
11.2p
Consolidated Financial Statements — 99