BT 2002 Annual Report Download - page 97

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14. Dividends
2002
pence
per share
As restated
2001
pence
per share
As restated
2000
pence
per share
2002
£m
2001
£m
2000
£m
Interim dividend paid ±7.80 7.80 ±571 565
Proposed ®nal dividend 2.00 ± 11.80 173 ± 861
Total dividends 2.00 7.80 19.60 173 571 1,426
Comparative ®gures have been restated for the British Telecommunications plc rights issue which closed on 15 June 2001.
In addition to the ®nal dividend recommended for the year of £173 million there was a demerger distribution of £19,490
million, representing the net assets of mmO2 (including purchased goodwill) as at the date of demerger. Of the demerger
distribution, £9 million represents a cash dividend paid by British Telecommunications plc to mmO2 plc as part of the
demerger process.
15. Earnings (loss) per share
The basic earnings (loss) per share are calculated by dividing the pro®t for the ®nancial 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 (loss) 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:
2002
millions
of shares
As restated
2001
millions
of shares
As restated
2000
millions
of shares
Basic 8,307 7,276 7,235
Dilutive ordinary shares from share options outstanding and shares held in trust 70 107 171
Total diluted 8,377 7,383 7,406
Comparative ®gures have been restated for the British Telecommunications plc rights issue which closed on 15 June 2001.
Options over 16 million shares were excluded from the calculation of the total diluted number of shares in the year
ended 31 March 2002 as they were antidilutive.
Notes to the financial statements
96 BT Group Annual Report and Form 20-F 2002