EasyJet 2012 Annual Report Download - page 82

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Accounts & other information
Notes to the accounts
continued
6 Earnings per share
Basic earnings per share has been calculated by dividing the profit for the year by the weighted average number of shares in issue
during the year after adjusting for shares held in employee share trusts.
To calculate diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to assume conversion of
all dilutive potential shares. Share options granted to employees where the exercise price is less than the average market price of the
Company’s ordinary shares during the year are considered to be dilutive potential shares. Where share options are exercisable based
on performance criteria and those performance criteria have been met during the year, these options are included in the calculation
of dilutive potential shares.
Earnings per share is based on:
2012
£ million
2011
£ million
Profit for the year 255 225
2012
million
2011
million
Weighted average number of ordinary shares used to calculate basic earnings per share 408 429
Weighted average number of dilutive share options 5 4
Weighted average number of ordinary shares used to calculate diluted earnings per share 413 433
Earnings per share 2012
pence
2011
pence
Basic 62.5 52.5
Diluted 61.7 52.0
An ordinary dividend in respect of the year ended 30 September 2012 of £85 million (21.5 pence per share) is to be proposed at the
forthcoming Annual General Meeting (2011: ordinary dividend £46 million, special dividend £150 million). These accounts do not reflect
this dividend payable.
On 5 March 2012, the shares of easyJet plc were consolidated on an 11 for 12 basis. The impact of the share consolidation on the
weighted average number of shares used to calculate basic and diluted earnings per share is 21 million. Further details in respect of the
share consolidation are given in note 17.
7 Goodwill and other intangible assets
Other intangible assets
Goodwill
£ million
Landing
rights
£ million
Contractual
rights
£ million
Computer
software
£ million
Total
£ million
Cost
At 1 October 2011 365 74 4 25 103
Transfer from property, plant and equipment – – – 13 13
Disposals – – (3) (3) (6)
At 30 September 2012 365 74 1 35 110
Amortisation
At 1 October 2011 – – 3 14 17
Charge for the year – – – 8 8
Disposals – – (3) (3) (6)
At 30 September 2012 – – – 19 19
Net book value
At 30 September 2012 365 74 1 16 91
At 1 October 2011 365 74 1 11 86
easyJet plc
Annual report and accounts 2012
80