Carphone Warehouse 2002 Annual Report Download - page 38

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36 The Carphone Warehouse Group PLC Annual Report 2002
Notes to the financial statements continued
9Earnings per share
The calculations of earnings per share are based on the following profits or losses and numbers of shares:
Basic and diluted
Restated
2002 2001
£’000 £’000
(Loss) profit for the financial period (28,262) 34,836
Amortisation of goodwill 14,736 8,771
Operating exceptional items (net of tax and minority interests) 21,573 –
Non-operating exceptional items (net of tax and minority interests) 28,719 (5,429)
Earnings before amortisation of goodwill and exceptional items 36,766 38,178
2002 2001
Number Number
of shares of shares
000’s 000’s
Weighted average number of shares:
For basic earnings per share 833,382 763,002
Dilutive effect of share options 3,759 23,122
For diluted earnings per share* 837,141 786,124
Basic Diluted
pence per share pence per share
Restated Restated
2002 2001 2002 2001
(Loss) earnings per share (3.39) 4.57 (3.39) 4.43
Headline earnings per share 4.41 5.00 4.39 4.86
* In accordance with FRS 14 ‘Earnings per Share’, the dilutive effect of share options has not been applied where doing so would decrease the
loss per share.
Headline earnings per share is calculated on earnings before amortisation of goodwill and exceptional items and is provided because the
Directors consider that it gives a better indication of underlying performance than standard earnings per share.
10 Prior period adjustments
As explained in note 1, the Group has implemented FRS 19 with effect from 1April 2001 and in accordance with the standard, has restated
prior period figures to reflect this. The effects of the adjustments are as follows:
Restated
2001
£’000
Profit and loss account
Increase in deferred tax charge in the period ended 25 March 2000 (618)
Increase in deferred tax charge in the period ended 31 March 2001 (3,323)
Cumulative decrease in profit and loss account (3,941)