Basic earnings per share is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of ordinary shares in issue during the period, excluding ordinary shares held pursuant to the Group's JSOS on an allocated basis which are accounted for as treasury shares.
Diluted earnings per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion or vesting of all dilutive potential shares. The Company has two classes of instruments that are potentially dilutive: share options and share interests held pursuant to the JSOS.
Basic and diluted earnings per share has been calculated as follows:
|Issued shares at the beginning of the period, excluding treasury shares||590.6||586.1|
|Effect of share options exercised in the period||2.5||2.2|
|Effect of treasury shares disposed of in the period||1.3||—|
|Weighted average number of shares at the end of the period for basic earnings per share||594.4||588.3|
|Potentially dilutive share options and shares||19.1||31.1|
|Weighted average number of diluted ordinary shares||613.5||619.4|
|Profit attributable to the owners of the Company||12.0||11.8|
|Basic earnings per share||2.02||2.01|
|Diluted earnings per share||1.96||1.91|