EasyJet 2011 Annual Report Download - page 82

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Notes to the accounts
Continued
6 Earnings per share
Basic earnings per share has been calculated by dividing the profit for the year by the weighted average
number of shares in issue during the year after adjusting for shares held in employee share trusts.
To calculate diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to
assume conversion of all dilutive potential shares. Share options granted to employees where the exercise price
is less than the average market price of the Company’s ordinary shares during the year are considered to be
dilutive potential shares. Where share options are exercisable based on performance criteria and those
performance criteria have been met during the year, these options are included in the calculation of dilutive
potential shares.
Earnings per share is based on:
2011
£ million
2010
£ million
Profit for the year 225 121
2011
million
2010
million
Weighted average number of ordinary shares used to calculate basic earnings per
share 429 427
Weighted average number of dilutive share options 4 6
Weighted average number of ordinary shares used to calculate
diluted earnings per share 433 433
Earnings per share 2011
pence
2010
pence
Basic 52.5 28.4
Diluted 52.0 28.0
A dividend in respect of the year ended 30 September 2011 of £195 million is to be proposed at the forthcoming
Annual General Meeting. These accounts do not reflect this dividend payable.
7 Goodwill and other intangible assets
Other intangible assets
Goodwill
£ million
Landing
rights
£ million
Contractual
rights
£ million
Computer
software
£ million
Total
£ million
Cost
At 1 October 2010 365 74 4 27 105
Transfer from property, plant and
equipment – – – 6 6
Disposals – – – (8) (8)
At 30 September 2011 365 74 4 25 103
Amortisation
At 1 October 2010 – – 3 15 18
Charge for the year – – – 7 7
Disposals – – – (8) (8)
At 30 September 2011 – – 3 14 17
Net book value
At 30 September 2011 365 74 1 11 86
At 1 October 2010 365 74 1 12 87
80
easyJet plc
Annual report
and accounts 2011