British Airways 2007/08 Annual Report and Accounts

Notes index
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

12 Earnings per share

	2008 £m	2007 £m	2008 Pence	2007 Pence
	Group
	Profit		Earnings per share
Profit for the year attributable to shareholders and basic earnings per share	680	290	59.0	25.5
Represented by:
Continuing operations	682	424	59.2	37.2
Discontinued operations	(2)	(134)	(0.2)	(11.7)
Diluted profit for the year attributable to shareholders and diluted earnings per share	680	290	58.6	25.2
Represented by:
Continuing operations	682	424	58.8	36.8
Discontinued operations	(2)	(134)	(0.2)	(11.7)
Weighted average number of shares for basic EPS ( ’000)			1,150,537	1,141,133
Dilutive potential ordinary shares:
Employee share options ( ’000)			8,093	10,810
Weighted average number of shares for diluted EPS (’000)			1,158,630	1,151,943

Basic earnings per share are calculated on a weighted average number of ordinary shares in issue after deducting shares held for the purposes of Employee Share Ownership Plans including the Long Term Incentive Plan.

The Group has granted additional options over shares to employees that were not dilutive during the period but which may be dilutive in the future. Details of the Group’s share options can be found in note 33.