Marks and Spencer 2006 Annual Report Download - page 66

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64 Marks and Spencer Group plc
Notes to the financial statements continued
8 EARNINGS PER SHARE continued
B Diluted earnings per share
2006 2005
Weighted average number of ordinary shares in issue (millions) 1,681.5 2,018.3
Diluted earnings per share (pence) 31.1 28.9
Profit from discontinued operations per share (pence) (0.1) (11.5)
Diluted earnings per share – continuing (pence) 31.0 17.4
Exceptional operating charges and asset disposals per share (pence) 0.1 1.6
Diluted adjusted basic earnings per share – continuing (pence) 31.1 19.0
9 DIVIDENDS 2006 2005 2006 2005
per share per share £m £m
Dividends on equity ordinary shares:
Paid final dividend 7.5p 7.1p 124.3 161.3
Paid interim dividend 4.8p 4.6p 79.8 75.6
12.3p 11.7p 204.1 236.9
Dividends on non-equity B shares:1
Interim dividend – 3.36% – 1.4
Final dividend – 3.78% – 1.4
– 2.8
204.1 239.7
1Under IAS 32 – ‘Financial Instruments’ dividends on non-equity shares are now treated as part of interest (see note 5).
In addition the directors have proposed a final dividend in respect of the financial year ended 1 April 2006 of 9.2p per share
amounting to a dividend of £154.8m. It will be paid on 14 July 2006 to shareholders who are on the Register of Members on
2 June 2006. In line with the requirements of IAS 10 – ‘Events after the Balance Sheet Date’, this dividend has not been recognised
within these results.
10 EMPLOYEES
A Aggregate remuneration
The aggregate remuneration and associated costs of Group employees were:
2006 2005
Dis-
Continuing continued Continuing Discontinued
operations operations Total operations1operations Total
£m £m £m £m £m £m
Wages and salaries 856.3 36.2 892.5 781.3 61.8 843.1
Social security costs 64.3 3.3 67.6 52.6 5.2 57.8
Other pension costs 96.9 1.3 98.2 99.8 3.4 103.2
Share-based payments 24.7 – 24.7 22.2 – 22.2
Employee welfare and other personnel costs 33.1 2.3 35.4 22.7 10.8 33.5
Capitalised staffing costs (2.1) – (2.1) (2.0) – (2.0)
1,073.2 43.1 1,116.3 976.6 81.2 1,057.8
1Includes exceptional operating charges of £7.2m.
Details of key management compensation is given in note 32E.