AVESCOGROUPPLC ANNUAL REPORT 2009 45
www.avesco.com
15. Dividends
During the year ended 30 September 2009 the Group paid a final dividend of £250,000 (1.0p per share) and an interim dividend of £626,000 (2.5p per share).
Both these payments related to the year ended 30 September 2008. The final dividend of 1.0p per share proposed in respect of the year ended 30 September
2008 was paid in April 2009. During the year ended 30 September 2008 the Group paid a final dividend of £876,000 (3.5p per share) and an interim dividend of
£648,000 (2.5p per share), both relating to the year ended 30 September 2007.
No interim or final dividends have been proposed for the year ended 30 September 2009.
16. Earnings per share
2009 2008
£000s £000s
(Loss)/profit for the period (13,740) 5,411
Loss from discontinued operations 497 1,250
(Loss)/profit from continuing operations (13,243) 6,661
Amortisation of acquired intangible assets (IFRS 3) 449 660
Impairment of property, plant and equipment (IAS 36) 342 -
Impairment of goodwill (IAS 36) 891 -
Restructuring costs (note 7) 657 976
Release of property lease and dilapidation provision - (280)
Excess of the acquirer’s interest in the fair value of acquiree’s identifiable net assets - (7,200)
Trading (loss)/profit after net finance costs and income tax (expense)/credit (10,904) 817
Loss from discontinued operations (497) (1,250)
Weighted average number of shares (net of treasury shares)
For basic earnings per share (000’s) 25,052 25,052
Effect of dilutive share options (000’s) - -
For diluted earnings per share (000’s) 25,052 25,052
(Losses)/earnings per share
Basic (54.9)p 21.6p
Diluted (54.9)p 21.6p
Continuing operations basic (52.9)p 26.6p
Continuing operations diluted (52.9)p 26.6p
Adjusted basic (43.6)p 3.3p
Adjusted diluted (43.6)p 3.3p
Discontinuing operations basic (2.0)p (5.0)p
Discontinuing operations diluted (2.0)p (5.0)p
Basic earnings per share have been calculated by dividing loss/profit for the period by the weighted average number of ordinary shares in issue during the
period.
Diluted earnings per share have been calculated by dividing profit for the period by the weighted average number of ordinary shares in issue during the period
adjusted to assume conversion of all dilutive potential options and vesting of all dilutive awards under the Company's Long Term Incentive Plan (“LTIP”). Losses are
not subject to dilution. There is no dilution in the current or prior year as the share price was less than the option price at the year end and Company's
management forecast that the performance conditions attached to the LTIP awards will not be satisfied.
Adjusted, basic and diluted earnings per share have been calculated as per note 2.3.
Discontinued operations earnings per share have been calculated by dividing loss for the period by the weighted average number of ordinary shares in issue
during the period.
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