Telstra 2002 Annual Report Download - page 210

Telstra Corporation Limited and controlled entities
207
Notes to the Financial Statements (continued)
6.Earnings per share
(a) Change in accounting policy
The change in accounting policy for the introduction of SAB 101
during fiscal 2001 is described in note 1.2. This change had the effect
of decreasing the earnings per share calculation by 1.1 cents to 31.5
cents in the prior year.
(b) The number of issued and paid up ordinary shares for the last 3
years has been 12,866,600,200.
Telstra Group
Year ended 30 June
2002 2001 2000
¢¢¢
Basic and diluted earnings per share (cents) (a) 28.5 31.5 28.6
$m $m $m
The following reflects the earnings and share information used in
determining our basic and diluted earnings per share (see note 1.21):
Net profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,650 4,061 3,673
Adjustments:
Outside equity interests in net profit/(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 (3) 4
Earnings used in the calculation of basic and diluted earnings per share . . . . . . . . . . . . . . . . . 3,661 4,058 3,677
Number
(millions)
Weighted average number of issued ordinary shares used
in the calculation of basic and diluted earnings per share (b) . . . . . . . . . . . . . . . . . . . . . . . . 12,867 12,867 12,867