Telstra 2014 Annual Report Download - page 92

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NOTES TO THE
FINANCIAL STATEMENTS
(Continued)
Telstra Corporation Limited and controlled entities
90 Telstra Annual Report
(a) In order to underpin the equity instruments issued under the
Growthshare plan, the Telstra Growthshare Trust purchases
Telstra shares already on issue. These shares are not considered
to be outstanding for the purposes of calculating basic and diluted
earnings per share.
(b) Share options issued under the Telstra Employee Share
Ownership Plan Trust I (TESOP97) and II (TESOP99) are not
considered outstanding for the purposes of calculating basic and
diluted earnings per share.
(c) The following equity instruments are considered dilutive to
earnings per share:
• certain restricted shares granted under the Growthshare short
term incentive (STI) scheme
• certain performance rights and restricted shares granted
under the Growthshare long term incentive (LTI) scheme
• share options issued under TESOP99.
Certain performance rights and restricted shares issued under the
Growthshare STI and LTI schemes are not considered dilutive to
earnings per share.
Refer to note 27 for details of equity instruments issued under the
Growthshare and TESOP share plans.
3. EARNINGS PER SHARE
Telstra Group
Year ended 30 June
Restated
2014 2013
cents cents
Earnings per share from continuing operations
Basic ....................................................................................................................................................................... 36.1 28.9
Diluted .................................................................................................................................................................... 36.0 28.8
$m $m
Earnings used in the calculation of basic and diluted earnings per share
Profit for the year from continuing operations attributable to equity holders of Telstra Entity...................... 4,479 3,588
Earnings per share cents cents
Basic ....................................................................................................................................................................... 34.4 30.1
Diluted .................................................................................................................................................................... 34.3 30.0
$m $m
Earnings used in the calculation of basic and diluted earnings per share
Profit for the year attributable to equity holders of Telstra Entity..................................................................... 4,275 3,739
Number of shares
millions
Weighted average number of ordinary shares
Weighted average number of ordinary shares on issue...................................................................................... 12,443 12,443
Effect of shares held by employee share plan trusts (a)(b) ................................................................................ (25) (37)
Weighted average number of ordinary shares used in the calculation of basic earnings per share.............. 12,418 12,406
Effect of dilutive employee share instruments (c) .............................................................................................. 27 38
Weighted average number of ordinary shares used in the calculation of diluted earnings per share ........... 12,445 12,444