Singapore Airlines 2007 Annual Report Download - page 101

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NOTES TO THE FINANCIAL STATEMENTS
31 March 2007
Singapore Airlines 99 Annual Report 2006-07
11 Earnings Per Share
The Group
2006-07 2005-06
Basic Diluted Basic Diluted
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Profi t attributable to
equity holders of the Company (in $ million) 2,128.8 2,128.8 1,240.7 1,240.7
Adjustment for dilutive potential ordinary shares
of subsidiaries (in $ million) – (4.8) – (3.6)
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Adjusted net profi t attributable to
equity holders of the Company (in $ million) 2,128.8 2,124.0 1,240.7 1,237.1
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Weighted average number of ordinary shares
in issue (in million) 1,233.6 1,233.6 1,219.5 1,219.5
Adjustment for dilutive potential
ordinary shares (in million) – 10.0 – 2.1
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Weighted average number of ordinary shares
in issue used for computing
earnings per share (in million) 1,233.6 1,243.6 1,219.5 1,221.6
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Earnings per share (cents) 172.6 170.8 101.7 101.3
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Basic earnings per share is calculated by dividing the profi t attributable to equity holders by the weighted average
number of ordinary shares in issue during the fi nancial year.
For purposes of calculating diluted earnings per share, the profi t attributable to equity holders of the Company is
adjusted to take into account effects of dilutive potential ordinary shares of subsidiaries and the weighted average
number of ordinary shares of the Company in issue is adjusted to take into account effects of dilutive options of the
Company.
21.8 million (2005-06: 47.9 million) of the share options granted to employees under the existing employee share option
plans have not been included in the calculation of diluted earnings per share because they are anti-dilutive for the
current and previous years presented.
12 Dividends Paid and Proposed (in $ million)
The Group and the Company
2006-07 2005-06
–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Dividends paid:
Final dividend of 35.0 cents per share tax exempt (one-tier) in respect of 2005-06
(2005-06: 30.0 cents per share tax exempt [one-tier] in respect of 2004-05) 429.4 365.7
Interim dividend of 15.0 cents per share tax exempt (one-tier) in respect of
current fi nancial year (2005-06: 10.0 cents per share tax exempt [one-tier] in
respect of 2005-06) 185.4 121.9
––––––––––––––––––––––––––––––––––––
614.8 487.6
––––––––––––––––––––––––––––––––––––
The directors propose that a fi nal tax exempt (one-tier) dividend of 35.0 cents per share (2005-06: 35.0 cents per share)
and a special tax exempt (one-tier) dividend of 50.0 cents per share (2005-06: Nil) amounting to $436.4 million
(2005-06: $429.4 million) and $623.4 million (2005-06: Nil) respectively be paid for the fi nancial year ended
31 March 2007.