9 EARNINGS PER SHARE AND NET ASSETS PER SHARE
Basic earnings per share amounts are calculated by dividing profit for the year attributable to ordinary equity holders of the parent by the weighted average number of Ordinary shares outstanding during the year.
Diluted earnings per share amounts are calculated by dividing the profit attributable to Ordinary equity holders of the parent by the weighted average number of Ordinary shares outstanding during the year plus the weighted average number of Ordinary shares that would be issued on the conversion of all the dilutive potential Ordinary shares into Ordinary shares.
The calculation of basic and diluted earnings per share is based on the following data:
| 2007 £’000 |
2006 £’000 |
|
| Profit | ||
| Profit for the purposes of basic and diluted earnings per share | 39 | 23,559 |
| 2007 £’000 |
2006 £’000 |
|
| Number of shares | ||
| Weighted average number of Ordinary shares for the purposes of basic earnings per share | 40,788 | 37,151 |
| Effect of dilutive potential Ordinary shares: | ||
| Share options | 427 | 252 |
| Weighted average number of Ordinary shares for the purpose of diluted earnings per share | 41,215 | 37,403 |
| Basic earnings per share (pence) | 0.0 | 63.4 |
| Diluted earnings per share (pence) | 0.0 | 63.0 |
Basic net assets per share amounts are calculated by dividing net assets by the number of Ordinary shares in issue at the year end.
Diluted net assets per share amounts are calculated by dividing net assets by the number of Ordinary shares in issue at the year end plus the number of Ordinary shares that would be issued on the conversion of all the dilutive potential Ordinary shares into Ordinary shares.
Net assets per share and diluted net assets per share have been calculated as follows:
| 2007 | 2006 | |||||
| Net assets £’000 |
No. of shares ’000 |
Net assets per share pence |
Net assets £’000 |
No. of shares ’000 |
Net assets per share pence |
|
| Basic net assets per share | 228,916 | 40,566 | 564 | 231,413 | 40,712 | 568 |
| Effect of dilutive potential Ordinary shares | 1,875 | 434 | (1) | 2,086 | 547 | (3) |
| Diluted net assets per share | 230,791 | 41,000 | 563 | 233,499 | 41,259 | 565 |
