Holiday Inn 2015 Annual Report Download - page 113

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9. Earnings per ordinary share
Basic earnings per ordinary share is calculated by dividing the profit for the year available for IHG equity holders by the weighted average number
of ordinary shares, excluding investment in own shares, in issue during the year.
Diluted earnings per ordinary share is calculated by adjusting basic earnings per ordinary share to reflect the notional exercise of the weighted
average number of dilutive ordinary share awards outstanding during the year.
Adjusted earnings per ordinary share is disclosed in order to show performance undistorted by exceptional items, to give a more meaningful
comparison of the Group’s performance.
Continuing and total operations 2015 2014 2013
Basic earnings per ordinary share
Profit available for equity holders ($m) 1,222 391 372
Basic weighted average number of ordinary shares (millions) 235 247 264
Basic earnings per ordinary share (cents) 520.0 158.3 140.9
Diluted earnings per ordinary share
Profit available for equity holders ($m) 1,222 391 372
Diluted weighted average number of ordinary shares (millions) 238 250 267
Diluted earnings per ordinary share (cents) 513.4 156.4 139.3
Adjusted earnings per ordinary share
Profit available for equity holders ($m) 1,222 391 372
Adjusting items (note 5):
Exceptional operating items ($m) (819) (29) (5)
Tax on exceptional operating items ($m) 829 6
Exceptional tax ($m) ––45
Adjusted earnings ($m) 411 391 418
Basic weighted average number of ordinary shares (millions) 235 247 264
Adjusted earnings per ordinary share (cents) 174.9 158.3 158.3
Adjusted diluted earnings per ordinary share
Adjusted earnings ($m) 411 391 418
Diluted weighted average number of ordinary shares (millions) 238 250 267
Adjusted diluted earnings per ordinary share (cents) 172.7 156.4 156.6
2015
millions
2014
millions
2013
millions
Diluted weighted average number of ordinary shares is calculated as:
Basic weighted average number of ordinary shares 235 247 264
Dilutive potential ordinary shares 333
238 250 267
STRATEGIC REPORT GOVERNANCE GROUP FINANCIAL STATEMENTS ADDITIONAL INFORMATIONPARENT COMPANY FINANCIAL STATEMENTS
111IHG Annual Report and Form 20-F 2015