Singapore Airlines 2003 Annual Report Download - page 84

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82 SIA Annual Report 02/03
Notes to the Financial Statements
31 March 2003
12 Earnings Per Share
The Group The Company
2002-03 2001-02 2002-03 2001-02
Profit attributable to shareholders (in $ million) 1,064.8 631.7 618.0 567.2
Weighted average number of ordinary shares
in issue used for computing basic earnings
per share (in million) 1,218.1 1,218.1 1,218.1 1,218.1
Adjustment for share options (in million) ––––
Weighted average number of ordinary shares
in issue used for computing diluted earnings
per share (in million) 1,218.1 1,218.1 1,218.1 1,218.1
Basic earnings per share (cents) 87.4 51.9 50.7 46.6
Diluted earnings per share (cents) 87.4 51.9 50.7 46.6
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.
13 Dividends Paid and Proposed (in $ million)
The Group The Company
2002-03 2001-02 2002-03 2001-02
Dividends paid:
Final dividend of 4.0 cents per share tax exempt
and 8.0 cents per share less 22.0% tax in
respect of previous financial year (2001-02:
20.0 cents per share less 24.5% tax) 124.7 184.2 124.7 184.2
Interim dividend of 6.0 cents per share less
22.0% tax (2001-02: 3.0 cents per share less
24.5% tax) 57.0 27.6 57.0 27.6
181.7 211.8 181.7 211.8
The directors propose that a final tax exempt (one-tier) dividend of 9.0 cents per share amounting to $109.6 million
(2001-02: $124.7 million), be paid for the financial year ended 31 March 2003.