Telstra 2007 Annual Report Download - page 137
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Telstra Corporation Limited and controlled entities
134
Notes to the Financial Statements (continued)
(a) In order to underpin the equity instrument s issued under the
Growthshare plan, the Telstra Growthshare Trust purchases Telstra
shares on the market. These shares are not considered to be
out standing for the purposes of computing basic and diluted earnings
per share.
(b) In fiscal 2007 and fiscal 2006, the following equity instruments are
considered dilutive to earnings per share:
• deferred share instruments issued under Telstra Growthshare Trust
(Growthshare);
• incentive shares granted under the Growthshare short term
incent ive scheme; and
• share options issued under Telstra Employee Share Ownership
Plan I (TESOP97).
In fiscal 2007 and fiscal 2006, the following equity instruments are not
considered dilutive to earnings per share:
• performance rights, restricted shares and options issued under
Growthshare; and
• share options issued under Telstra Employee Share Ownership
Plan II (TESOP99).
Refer to note 31 for details regarding equity instruments issued under
the Growthshare and TESOP share plans.
3.Earnings per share
Telst ra Group
Year ended 30 June
2007 2006
¢¢
Basic earnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.3 25.7
Diluted earnings per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.2 25.7
$m $m
Earnings used in the calculation of basic and diluted earnings per share
Profit for the year attributable to equity holders of Telstra Ent ity . . . . . . . . . . . . . . . . . . . . . . . 3,253 3,183
Number of shares
(millions)
Weighted average number of ordinary shares (a)
Weighted average number of ordinary shares used in the calculat ion of basic earnings per share . . . 12,375 12,366
Effect of dilutive employee share instruments (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 35
Weighted average number of ordinary shares used in the calculation of diluted earnings per share . . 12,407 12,401