Carphone Warehouse 2014 Annual Report Download - page 81

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Carphone Warehouse Group plc
Annual Report 2014 79
FINANCIAL STATEMENTS
8 RECONCILIATION OF HEADLINE RESULTS TO STATUTORY RESULTS
Profit (loss) Profit (loss) Profit (loss)
before Profit (loss) from from Net
interest and before continuing discontinued profit (loss)
taxation taxation operations operations for the year
2014 £m £m £m £m £m
Headline results 136 127 102 —102
Exceptional items* (15) (15) (12) —(12)
Amortisation of acquisition intangibles* (16) (16) (13) —(13)
French operations (in process of closure)* (29) (29) (29) —(29)
Statutory results 76 67 48 —48
* See note 4 for further details.
Profit (loss) Profit (loss) Profit (loss)
before Profit (loss) from from Net
interest and before continuing discontinued profit (loss)
taxation taxation operations operations for the year
2013 (restated) £m £m £m £m £m
Headline results 51 53 52 355
Share of joint venture exceptional items (post-tax)* (5) (5) (5) —(5)
French operations (in process of closure)* (45) (45) (45) —(45)
Share of discontinued joint venture amortisation of acquisition intangibles* ——— (1) (1)
Statutory results 13224
* See note 4 for further details.
Headline information is provided because the directors consider that it provides assistance in understanding the Group’s underlyingperformance.
9 EARNINGS PER SHARE
a) PROFIT ATTRIBUTABLE TO ORDINARY SHAREHOLDERS
The calculation of both basic and diluted earnings per share is based on the following profit attributable to ordinary shareholders:
Restated
2014 2013
£m £m
Headline earnings
Continuing operations 102 52
Discontinued operations —3
Total 102 55
Statutory earnings
Continuing operations 48 2
Discontinued operations —2
Total 48 4
b) WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES
The calculation of basic and diluted earnings per share is based on the following weighted average number of ordinary shares, withthe
number of shares used for the diluted calculation being adjusted for the dilutive effect of share options and other incentive schemes:
2014 2013
million million
Weighted average number of shares
Average shares in issue 558 473
Less average holding by Group ESOT (3) —
For basic earnings per share 555 473
Dilutive effect of share options and other incentive schemes 76
For diluted earnings per share 562 479
The average market value of the Company’s shares for the purpose of calculating the dilutive effect of share options was based on quoted
market prices for the year during which the options were outstanding.
The number of shares in issue at  March  was m, of which m were held by the Group’s ESOT.