Peachtree 2015 Annual Report Download - page 127

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The Sage Group plc | Annual Report & Accounts 2015 125
FINANCIAL STATEMENTSGOVERNANCESTRATEGIC REPORT
Re s o he earnings and weighted average number of shares
Underlying
2015
Underlying as
reported
(restated)
2014
Underlying
(restated)
2014
Statutory
2015
Statutory
(restated)
2014
Earnings (£m)
Profit for the year 268.2 249.5 241.7 194.3 188.0
Number of shares (millions)
Weighted average number of shares 1,073.0 1,089.0 1,089.0 1,073.0 1,089.0
Dilutive effects of shares 6.5 1.7 1.7 6.5 1.7
1,079.5 1,090.7 1,090.7 1,079.5 1,090.7
Earnings per share
Basic earnings per share (pence) 25.00 22.91 22.19 18.11 17.26
Diluted earnings per share (pence) 24.85 22.87 22.16 18.00 17.24
Reconciliation between statutory and underlying earnings per share
2015
£m
2014
(Restated)
£m
Earnings: Statutory profit for the year 194.3 188.0
Adjustments:
Intangible amortisation excluding amortisation of acquired intangible assets 18.2 14.5
Other acquisition-related items –0.8
Goodwill impairment and fair value adjustments 64.5 44.7
Litigation costs –1.4
Imputed interest on put and call arrangement to acquire non-controlling interest and deferred consideration –0.8
Taxation on adjustments (8.8) (0.7)
Net adjustments 73.9 61.5
Earnings – underlying profit for the year (before exchange movement) 268.2 249.5
Exchange movement –(11.5)
Taxation on exchange movement –3.7
Net exchange movement –(7.8)
Earnings – underlying profit for the year (after exchange movement) 268.2 241.7
Exchange movement relates to the retranslation of prior year results to current year exchange rates as shown in the table on page 45 within
the financial review.
The prior year weighted average share base has been restated to include shares held by the Employee Benefit Trust as treasury shares.