Barclays 2010 Annual Report Download - page 213

10 Earnings per share
2010
£m
2009
£m
2008
£m
Continuing Operations
Profit attributable to equity holders of parent from continuing operations 3,564 2,6283,795
Dilutive impact of convertible options (10) (17) (19)
Profit attributable to equity holders of parent including dilutive impact of convertible options 3,554 2,611 3,776
Profit attributable to equity holders of the parent from discontinued operations –6,765 587
2010
million
2009
million
2008
million
Basic weighted average number of shares in issue 11,719 10,8907,389
Number of potential ordinary shares 733 594 188
Diluted weighted average number of shares 12,452 11,484 7,577
PP P
Basic earnings per ordinary share from continuing operations 30.4 24.1 51.4
Basic earnings per ordinary share from discontinued operations –62.1 7.9
Basic earnings per ordinary share 30.4 86.2 59.3
Diluted earnings per ordinary share from continuing operations 28.5 22.7 49.8
Diluted earnings per ordinary share from discontinued operations –58.9 7.7
Diluted earnings per ordinary share 28.5 81.6 57.5
The calculation of basic earnings per share is based on the profit attributable to equity holders of the parent and the number of basic weighted average
number of shares excluding own shares held in employee benefit trusts or held for trading.
The basic weighted average number of shares in issue in the year ended 31st December 2010 reflects the full year impact of the exercise of 379 million
warrants in 2009, and the weighted average impact of the 758 million warrants exercised in 2010.
When calculating the diluted earnings per share, the weighted average number of shares in issue is adjusted for the effects of all dilutive potential
ordinary shares held in respect of Barclays PLC, totalling 733 million (2009: 594 million) shares. In addition, the profit attributable to equity holders
of the parent is adjusted for the dilutive impact of the potential conversion of outstanding options held in respect of Absa Group Limited.
The increase in the number of potential ordinary shares is primarily driven by the impact of the increase in the average share price to £3.06 (2009: £2.56)
on both the 379 million (2009: 1,138 million) unexercised warrants and the 795 million (2009: 667 million) outstanding options granted under employee
share schemes, which have strike prices ranging from £1.44 to £6.49 with an average of £4.01 (2009: £4.03).
Of the total number of employee share options and share awards at 31st December 2010, 59 million were anti-dilutive (2009: 97 million).
Subsequent to the balance sheet date, the Group continued to make on-market purchases of treasury shares for the purposes of satisfying its various
employee share schemes. No adjustment has been made to earnings per share in respect of these purchases.
11 Dividends on Ordinary Shares
The Directors have approved a final dividend in respect of 2010 of 2.5p per ordinary share of 25p each, amounting to a total of £298m, which will be
paid on 18th March 2011. The financial statements for the year ended 31st December 2010 does not reflect this dividend, which will be accounted for
in shareholders’ equity as an appropriation of retained profits in the year ending 31st December 2011. The financial statements to 31st December 2010
include the 2010 interim dividends of £355m and final dividend declared in relation to 2009 of £176m.
Barclays PLC Annual Report 2010 www.barclays.com/annualreport10 211
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