Singapore Airlines 2002 Annual Report Download - page 77

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SIA Annual Report 01/02 77
Notes to the Financial Statements
31 March 2002
11 Earnings Per Share
The Group The Company
2001 - 02 2000 - 01 2001 - 02 2000 - 01
Profit attributable to shareholders
(in $ million) 631.7 1,624.8 567.2 1,422.2
Weighted average number of ordinary
shares in issue used for computing
basic earnings per share (in million) 1,218.2 1,224.8 1,218.2 1,224.8
Adjustment for share options (in million) – 0.4 – 0.4
Weighted average number of ordinary
shares in issue used for computing diluted
earnings per share (in million) 1,218.2 1,225.2 1,218.2 1,225.2
Basic earnings per share (cents) 51.9 132.7 46.6 116.1
Diluted earnings per share (cents) 51.9 132.6 46.6 116.1
Basic earnings per share is calculated by dividing the profit attributable to shareholders by the weighted average number of ordinary
shares in issue during the financial year.
For purposes of calculating diluted earnings per share, the weighted average number of ordinary shares in issue is adjusted to
take into account the dilutive effect on the exercise of all outstanding share options granted to employees. This dilutive effect is
computed based on the difference between the number of shares under option and the number of shares that could have been
issued at fair values.
12 Share Capital (in $ million)
The Company
31 March
2002 2001
Authorized share capital
Ordinary shares
3,000,000,000 ordinary shares of $0.50 each (2001: $1 each) 1,500.0 3,000.0
Special share
1 special share of $0.50 each (2001: $1 each) # *
Preference shares
3,000,000,000 redeemable cumulative preference shares of $0.50 each
(2001: $1 each) 1,500.0 3,000.0
3,000.0 6,000.0