Annual Report & ACCOUNTS for the year ended 30 June 2014

HYR 2014

Earnings per ordinary share have been calculated by dividing the profit attributable to equity holders of the parent after taxation for each financial period by the weighted average number of ordinary shares in issue during the period.

2014
Pence
2013
Pence
Basic earnings per share
— Underlying*37.6138.98
— continuing operations36.4529.27
— discontinued operations1.169.71
— Basic67.5720.59
— continuing operations22.2212.47
— discontinued operations45.358.12
Diluted earnings per share
— Underlying*37.4838.71
— continuing operations36.3229.07
— discontinued operations1.169.64
— Diluted67.3320.45
— continuing operations22.1412.39
— discontinued operations45.198.06

The calculations of basic and diluted earnings per share are based upon:

2014
£000
2013
£000
Earnings for underlying basic and underlying diluted earnings per share32,86933,913
— continuing operations31,84925,464
— discontinued operations1,0208,449
Earnings for basic and diluted earnings per share59,04717,913
— continuing operations19,41610,850
— discontinued operations39,6317,063
No.No.
Weighted average number of ordinary shares for basic earnings per share87,385,68987,011,352
Impact of share options312,771587,258
Weighted average number of ordinary shares for diluted earnings per share87,698,46087,598,610

* Underlying measures exclude non-underlying items as defined in the Consolidated Income Statement.

At 30 June 2014, there are 799,997 options that are excluded from the EPS calculations as they are anti-dilutive for the period presented but may become dilutive in the future.