48


AVESCO GROUP PLC ANNUAL REPORT 2011 www.avesco.com


NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2011


13. Net foreign exchange losses The exchange differences charged to the income statement are included as follows:


2011 Other losses 14. Dividends


A final dividend for the year ended 30 September 2010 of 1.0p per share amounting to a total of £254,000 was approved by shareholders and was paid on 6 April 2011 to shareholders on the register at 6.00pm on 11 March 2011. During the year ended 30 September 2010, the Group paid no dividends.


A final dividend for the year ended 30 September 2011 of 3.0p per share has been proposed and, subject to shareholders’ approval, will be paid on 31 May 2012 to shareholders on the register at 6.00pm on 10 April 2012. 15. (Losses)/earnings per share


2011 Loss from continuing operations


Amortisation of acquired intangible assets (IFRS 3 (Revised)) Restructuring costs (note 7) Other non-recurring costs Deferred tax credit


Trading profit after net finance costs and current tax expense


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


£000s (134) 669


-


140 (11)


664 2010


£000s (1,047) 1,316


244 475


(1,280) (292)


£000s 23


2010


£000s 404


25,264 -


25,264


(0.5)p (0.5)p


2.6p 2.6p


25,023 -


25,023


(4.2)p (4.2)p


(1.2)p (1.2)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 awards under the Company's Long Term Incentive 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 as per note 2.3.


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