Notes to the Financial Statements for the year ended 30 June 2007 Note 37
Earnings Per Share
Consolidated 2007 $000
2006 $000
100,715
87,439
The following reflects the net profit and share data used in the calculations of earnings per share (EPS): Reported Operations Basic Net profit attributable to members (after tax) Dilutive Operating profit after tax Interest on convertible notes Net profit attributable to members (after tax) adjusted for the effect of convertible notes
100,715
87,439
10,148
10,148
110,863
97,587
Continuing Operations Basic Net profit attributable to members (after tax)
100,715
87,439
Less: Net profit of discontinued operations (net of tax)
(21,535)
(13,747)
79,180
73,692
Net profit of continued operations (net of tax)
79,180
73,692
Interest on convertible notes
10,148
10,148
Net profit of continued operations (net of tax) adjusted for the effect of convertible notes
89,328
83,840
21,535
13,747
Weighted average number of ordinary shares (‘000) used in calculating basic EPS
726,666
669,604
Dilutive share options (‘000)
129,568
91,485
856,234
761,089
Net profit of continued operations (net of tax) Dilutive
Discontinuing Operations Net profit of discontinued operations (net of tax)
Adjusted weighted average number of ordinary shares used in calculating dilutive EPS (‘000)
Convertible notes of 57,119,165 have been included in the calculation of dilutive EPS, as they are believed to be dilutive, given the current share price compared with the conversion price. Hybrid notes have been included in the calculation of dilutive EPS, as they are believed to be dilutive. Basic underlying earnings per share (cents per share) Diluted underlying earnings per share (cents per share)
14.00¢ 13.07¢
13.18¢ 12.93¢
Underlying earnings are earnings from ordinary activities adjusted for specific non recurring items. Non recurring items (net of tax) used in calculating underlying basic and dilutive EPS is $1,047,000 (2006: $811,000).
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