Barclays 2012 Annual Report Download - page 253

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11 Earnings per share
2012
£m
2011
£m
2010
£m
(Loss)/profit attributable to equity holders of parent from continuing operations (1,041) 3,007 3,564
Dilutive impact of convertible options – – (10)
(Loss)/profit attributable to equity holders of parent from continuing operations
including dilutive impact of convertible options (1,041) 3,007 3,554
2012
million
2011
million
2010
million
Basic weighted average number of shares in issuea 12,225 11,988 11,719
Number of potential ordinary shares 389 538 733
Diluted weighted average number of shares 12,614 12,526 12,452
Basic earnings per share Diluted earnings per shareb
2012
p
2011
p
2010
p
2012
p
2011
p
2010
p
(Loss)/earnings per ordinary share from continuing operations (8.5) 25.1 30.4 (8.5) 24.0 28.5
(Loss)/earnings per ordinary share (8.5) 25.1 30.4 (8.5) 24.0 28.5
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 treasury shares held in employee benefit trusts or held for trading. 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 389 million (2011: 538 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 decrease in the number of potential ordinary
shares is primarily driven by the impact of the decrease in the average share price to £2.14 (2011: £2.34) on both the 379 million (2011: 379
million) unexercised warrants and the 820 million (2011: 867 million) outstanding options granted under employee share schemes, which have
strike prices ranging from £1.41 to £5.22 with an average of £3.28 (2011: £3.71).
The 379 million unexercised warrants as at 31 December 2012 were exercised on 13 February 2013. Please refer to Note 47.
Of the total number of employee share options and share awards at 31 December 2012, 145 million were anti-dilutive (2011: 248 million).
12 Dividends on Ordinary Shares
The Directors have approved a final dividend in respect of 2012 of 3.5p per ordinary share of 25p each, amounting to £426m (2011: £366m),
which will be paid on 15 March 2013. The financial statements for the year ended 31 December 2012 does not reflect this dividend, which will be
accounted for in shareholders’ equity as an appropriation of retained profits in the year ending 31 December 2013. The 2012 financial statements
include the 2012 interim dividends of £367m (2011: £362m) and final dividend declared in relation to 2011 of £366m (2010: £298m).
Notes
a The number of basic weighted average number of shares excludes Treasury shares held in employee benefit trusts for trading.
b Potential ordinary shares shall be treated as dilutive when, and only when, their conversion to ordinary shares would increase loss per share.
barclays.com/annualreport Barclays PLC Annual Report 2012 I 251