Experian 2007 Annual Report Download - page 89

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12. Basic and diluted earnings per share
The calculation of basic earnings per share is calculated by dividing the earnings attributable to ordinary shareholders of the Company by a weighted
average number of Ordinary shares in issue during the year (excluding own shares held in Treasury in the period prior to the demerger and own shares
held in ESOP trusts, which are treated as cancelled).
The calculation of diluted earnings per share reflects the potential dilutive effect of employee share incentive schemes. The earnings figures used in
the calculations are unchanged for diluted earnings per share.
The weighted average number of Ordinary shares in issue during the year ended 31 March 2007 includes Ordinary shares of GUS plc in issue to the
date of the demerger and the Ordinary shares of the Company in issue thereafter. The weighted average number of Ordinary shares in issue during
the year ended 31 March 2006 comprises Ordinary shares of GUS plc in issue and reflects the effect of the share consolidation that took place at
the date of the Burberry demerger in December 2005.
2007 2006
Basic earnings per share: cents cents
Continuing and discontinued operations 49.9 107.5
Exclude: discontinued operations (14.8) (59.1)
Continuing operations 35.1 48.4
Add back of exceptional and other non-GAAP measures, net of tax 24.6 6.1
Benchmark earnings per share from continuing operations – non-GAAP measure 59.7 54.5
Diluted earnings per share:
Continuing and discontinued operations 49.3 105.8
Exclude: discontinued operations (14.6) (58.2)
Continuing operations 34.7 47.6
Add back of exceptional and other non-GAAP measures, net of tax 24.4 6.0
Benchmark diluted earnings per sharefrom continuing operations – non-GAAP measure 59.1 53.6
2007 2006
Earnings: US$m US$m
Continuing and discontinued operations 462 1,018
Exclude: discontinued operations (137) (560)
Continuing operations 325 458
Add back of exceptional and other non-GAAP measures, net of tax 229 58
Benchmark earnings – non-GAAP measure 554 516
2007 2006
mm
Weighted average number of Ordinary shares in issue during the year 927.3 946.7
Dilutive effect of share incentive awards 9.9 15.0
Diluted weighted average number of Ordinary shares in issue during the year 937.2 961.7
Experian Annual Report2007 |87