10


AVESCO GROUP PLC INTERIMREPORT AND ACCOUNTS 2011 www.avesco.com


NOTES TO INTERIM REPORT AND ACCOUNTS FOR THE THREE MONTHS ENDED 31 MARCH 2011


6. Earnings per share


Threemonths ended 31March


2011 £000s (Loss)/profit for the period


Amortisation of acquired intangible assets (IFRS 3) Restructuring costs


Other non-recurring and prior year (credits)/costs


Trading (loss)/profit after net finance costs and income tax (expense)/credit


Weighted average number of shares (net of treasury shares)


For basic earnings per share (000’s) Effect of dilutive share options (000’s)


For diluted earnings per share (000’s)


(Losses)/earnings per share Basic


Diluted


Adjusted basic Adjusted diluted


25,293 25,293 25,023 25,156


-- - 25,023


(0.7)p (0.7)p


(0.2)p (0.2)p


0.7p 0.7p


2.9p 2.9p


25,156


(2.7)p (2.7)p


(1.5)p (1.5)p


25,023 -


25,023


(6.5)p (6.5)p


(3.8)p (3.8)p


Basic earnings per share have been calculated by dividing profit/loss 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/loss for the period by the weighted average number of ordinary shares in issue during the period, adjusted for any dilutive awards under the Company's Long TermIncentive Plan (“LTIP”) where pre-specified performance conditions have been satisfied and any required conversion of dilutive potential options. There is no dilution in the current or prior period as the performance conditions have not yet been satisfied for the outstanding LTIP awards. Losses are not subject to dilution.


Adjusted earnings per share have been calculated by dividing adjusted profit/loss for the period by the weighted average number of ordinary shares in issue during the period.


25,023 -


25,023


(4.2)p (4.2)p


3.9p 3.9p


(186) -


156 (21)


(51) 2010 £000s


177 91


453 -


721


Sixmonths ended 31March


2011 £000s


(671) -


208 77


(386) 2010 £000s


(1,631) 182 487 -


(962) Year ended


30 September 2010


£000s


(1,047) 244


1,316 475


988


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