EasyJet 2013 Annual Report Download - page 111
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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 benefit 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:
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2012
£ million
Profit for the year 255
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2012
million
Weighted average number of ordinary shares used to calculate basic earnings per share 408
Weighted average number of dilutive share options 5
Weighted average number of ordinary shares used to calculate diluted earnings per share 413
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2012
pence
Basic 62.5
Diluted 61.7
An ordinary dividend in respect of the year ended 30 September 2013 of 33.5 pence per share or £133 million (2012: 21.5
pence per share or £85 million, and a special dividend of 44.1 pence per share or £175 million is to be proposed at the
forthcoming Annual General Meeting. These accounts do not reflect these dividends payable.
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At 1 October 2012
Additions ± ± ±
Transfer from property, plant and equipment ± ± ±
Disposals ± ± ±
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At 1 October 2012 ± ± ±
Charge for the year ± ± ±
Disposals ± ± ±
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At 1 October 2012
In May 2013, easyJet entered into a conditional agreement with Flybe to exchange certain landing rights at Gatwick Airport.
Under this agreement, £7 million was paid in August 2013 when the transaction was approved by Flybe’s shareholders.
Provided Flybe meets its obligations to exchange those landing rights during the coming financial year, further
consideration totalling £13 million will become payable. As these obligations had not been met at 30 September 2013,
this amount has not been recognised as a liability in the statement of financial position.
109
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Accounts & other information