BT 1999 Annual Report Download - page 72

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NOTES TO THE FINANCIAL STATEMENTS
71
1999 1998 1997
11. Minority Interests £m £m £m
))))))))))))01111110051111
Group 15 25 24
Associates 4– –
00000000000511!!!01111110051111
Total minority interests 19 25 24
00000000000511!!!01111110051111
1999 1998 1997
pence pence pence 1999 1998 1997
12. Dividends per share per share per share £m £m £m
))))))%!!!!!!!01111110051111!!!01111110051111
Interim dividend paid 8.10 7.55 7.90 523 480 502
Proposed final dividend 12.30 11.45 11.95 799 736 764
00000051111!!!01111110051111!!!01111110051111
Total ordinary dividends 20.40 19.00 19.85 1,322 1,216 1,266
Special dividend –– 35.00 –– 2,244
00000051111!!!01111110051111!!!01111110051111
Total dividends 20.40 19.00 54.85 1,322 1,216 3,510
00000051111!!!01111110051111!!!01111110051111
13. Earnings per share
The basic earnings per share are calculated by dividing the profit for the financial year attributable to shareholders by the
weighted average number of shares in issue after deducting the company’s shares held by employee share ownership trusts.
In calculating the diluted earnings per share, share options outstanding and other potential ordinary shares have been taken
into account.
The weighted average number of shares in the years were:
1999 1998 1997
millions millions millions
of shares of shares of shares
))))))))))))01111110051111
Basic 6,442 6,387 6,332
Dilutive ordinary shares from share options outstanding and shares held in trust 150 97 114
00000000000511!!!01111110051111
Total diluted 6,592 6,484 6,446
00000000000511!!!01111110051111
The items in the calculation of earnings per share before exceptional items in the years were:
1999 1998 1997
pence pence pence 1999 1998 1997
per share per share per share £m £m £m
))))))%!!!!!!!01111110051111!!!01111110051111
MCI merger break up fee received less expenses –3.7 – –238 –
Profit on sale of MCI shares 17.6 – – 1,133 – –
Provision against another fixed asset investment (0.4) – – (26) – –
Costs relating to the disengagement from MCI (1.1) – – (69) – –
00000051111!!!00005!!!00005
16.1 3.7 – 1,038 238 –
Less tax charge attributable (4.5) (0.8) – (291) (50) –
Windfall tax charge –(8.0) – –(510) –
00000051111!!!00005!!!00005
Net credit (charge) 11.6 (5.1) – 747 (322) –
00000051111!!!00005!!!00005
Earnings per share/profit for the financial year
after exceptional items 46.3 26.6 32.8 2,983 1,702 2,077
Exceptional charge (credit) (11.6) 5.1 – (747) 322 –
00000051111!!!00005!!!00005
Earnings per share/profit for the financial year
before exceptional items 34.7 31.7 32.8 2,236 2,024 2,077
00000051111!!!00005!!!00005
Earnings per share before exceptional items are provided to help readers evaluate the performance of the group.