4. Earnings per share
| 13 weeks ended 2 August 2008 |
13 weeks ended 4 August2007 |
26 weeks ended 2 August2008 |
26 weeks ended 4 August2007 |
|
|---|---|---|---|---|
| Net income ($ million) | 19.7 | 41.0 | 45.4 | 74.3 |
| Basic weighted average number of shares in issue (million) | 1,703.9 | 1,702.4 | 1,703.9 | 1,703.0 |
| Dilutive effect of share options (million) | 5.2 | 5.9 | 5.5 | 6.8 |
| Diluted weighted average number of shares in issue (million) | 1,709.1 | 1,708.4 | 1,709.4 | 1,709.8 |
| Earnings per share – basic | 1.2c | 2.4c | 2.7c | 4.4c |
| Earnings per share – diluted | 1.2c | 2.4c | 2.7c | 4.4c |
| Earnings per ADS – basic | 11.5c | 24.1c | 26.6c | 43.6c |
| Earnings per ADS – diluted | 11.5c | 24.1c | 26.6c | 43.5c |
The basic weighted average number of shares excludes shares held by the ESOT as such shares are not considered outstanding and do not qualify for dividends. The effect of this is to reduce the average number of shares in the 13 and 26 week periods ended 2 August 2008 by 1,674,407 (13 week period ended 4 August 2007: 2,096,971; 26 week period ended 4 August 2007: 2,358,026). The calculation of fully diluted EPS for the 13 and 26 week periods ended 2 August 2008 excludes options to purchase 68,246,484 and 69,293,416 shares respectively (13 week period ended 4 August 2007: 29,828,939 share options; 26 week period ended 4 August 2007: 26,893,687 share options) on the basis that their effect on EPS was anti-dilutive.
Each ADS represents ten ordinary shares.