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Note 12: Earnings per share

  Group
  Loss   Earnings per share
  2010
£ million
2009
£ million
  2010
Pence
2009
Pence
Loss for the year  (425) (358)
Non-controlling interest (18) (17)      
Loss for the year attributable to shareholders and basic earnings per share (EPS) (443) (375) (38.5) (32.6)
Interest expense on convertible bond* 21        
Diluted loss for the year attributable to shareholders and diluted EPS (422) (375)   (38.5) (32.6)

Weighted average number of shares for basic EPS (’000)
1,152,088 1,151,230
Dilutive potential ordinary shares:
5.8 per cent convertible capital bonds 117,199
Employee share options (’000)       4,796 2,702
Weighted average number of shares for diluted EPS (’000)       1,274,083 1,153,932

*During the year, the Group has issued a £350 million convertible bond, convertible into ordinary shares at the option of the holder. In addition, the Group has granted additional options over shares to employees. Both of the above were not dilutive during the year, but may be dilutive in the future. Details of the Group’s share options and long-term borrowings can be found in notes 33 and 27 respectively.

Basic EPS 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.

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