- Financial Statements
Notes to the Consolidated Financial Statements
Page turn
for the year to 31 December 2007
10. Earnings per share
From continuing operations
| 2007 | 2006 | |
| Basic | (24.2p) | 50.5p |
| Diluted | (24.2p) | 50.1p |
| Adjusted basic | 30.8p | 50.5p |
| Adjusted diluted | 30.7p | 50.1p |
Adjusted basic and adjusted diluted earnings per share, which exclude the impact of exceptional items and the associated net tax charges, are shown to provide clarity on the underlying performance of the Group.
The calculation of the basic and diluted earnings per share is based on the following data:
| 2007 | 2006 | |
| Earnings: | £m | £m |
| Earnings for basic earnings per share and diluted earnings per share | (197.9) | 289.5 |
| Add exceptional items (note 5) | 379.7 | – |
| Add tax effect of exceptional items | 70.2 | – |
| Earnings for adjusted basic and adjusted diluted earnings per share | 252.0 | 289.5 |
| Weighted average number of shares: | 2007 m |
2006 m |
| For basic earnings per share | 818.5 | 572.9 |
| Weighted average of dilutive options | 2.5 | 5.0 |
| Weighted average of dilutive awards under bonus plans | – | 0.5 |
| For diluted earnings per share | 821.0 | 578.4 |