Adcock Ingram Integrated Report 2018

81 ADCOCK INGRAM  Integrated Report 2018 8 EARNINGS PER SHARE (continued) Number of shares 2018 2017 Reconciliation of diluted weighted average number of shares: Weighted average number of ordinary shares in issue: – Issued shares at the beginning of the year 175 748 048 175 748 048 – Effect of ordinary treasury shares held within the Group (9 455 491) (9 453 755) Weighted average number of ordinary shares outstanding 166 292 557 166 294 293 Potential dilutive effect of outstanding share options 2 681 641 Diluted weighted average number of shares outstanding 166 295 238 166 294 934 Basic earnings per share is derived by dividing earnings attributable from continuing operations to owners of Adcock Ingram for the year by the weighted average number of shares in issue. Diluted earnings per share is derived by dividing earnings attributable from continuing operations to owners of Adcock Ingram for the year by the diluted weighted average number of shares in issue. Diluted earnings per share reflect the potential dilution that could occur after taking into account all of the Group‘s outstanding options which are potentially exercisable and the effects of all dilutive potential shares resulting from the empowerment share transaction are accounted for. Headline earnings per share is derived by dividing earnings attributable from continuing operations to owners of Adcock Ingram for the year, after appropriate adjustments are made, by the weighted average number of shares in issue. 2018 2017 cents cents 8.1 CONTINUING OPERATIONS Earnings Basic earnings per share 383.6 308.9 Diluted basic earnings per share 383.6 308.9 Headline earnings Headline earnings per share 387.7 308.9 Diluted headline earnings per share 387.7 308.9 8.2 DISCONTINUED OPERATIONS Earnings Basic earnings per share – 24.0 Diluted basic earnings per share – 24.0 Headline earnings Headline earnings per share – 3.7 Diluted headline earnings per share – 3.7 8.3 TOTAL OPERATIONS Earnings Basic earnings per share 383.6 332.9 Diluted basic earnings per share 383.6 332.9 Headline earnings Headline earnings per share 387.7 312.6 Diluted headline earnings per share 387.7 312.6 8.4 DISTRIBUTION PER SHARE Interim 86.0 63.0 Final (1) 86.0 76.0 (1) Declared subsequent to 30 June and has been presented for information purposes only. No liability regarding the final distribution has thus been recognised at 30 June. Notes to the Group annual financial statements continued