05.5
Notes to Consolidated Financial Statements
14. EARNINGS PER SHARE
The following table is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations and shows the basic and fully diluted income per ordinary and preference share for the years ending December 31:
| Table 05.5.25 | RECONCILIATION OF BASIC AND DILUTED EARNINGS PER SHARE |
| $ in thousands, except per share data | 2008 | 2007 | |
|---|---|---|---|
| Numerators | |||
| Net income | 817,607 |
717,130 |
|
| Less dividend preference on preference shares | 112 |
103 |
|
| INCOME AVAILABLE TO ALL CLASS OF SHARES | 817,495 |
717,027 |
|
| Denominators | |||
| Weighted average number of | |||
| Ordinary shares outstanding | 293,233,477 |
291,929,141 |
|
| Preference shares outstanding | 3,795,248 |
3,739,470 |
|
| Total weighted average shares outstanding | 297,028,725 |
295,668,611 |
|
| Potentially dilutive Ordinary shares | 497,714 |
1,079,683 |
|
| Potentially dilutive Preference shares | 97,929 |
127,324 |
|
| Total weighted average ordinary shares outstanding assuming dilution | 293,731,191 |
293,008,824 |
|
| Total weighted average preference shares outstanding assuming dilution | 3,893,177 |
3,866,794 |
|
| Basic income per ordinary share | 2.75 |
2.43 |
|
| Plus preference per preference share | 0.03 |
0.02 |
|
| Basic income per preference share | 2.78 |
2.45 |
|
| Fully diluted income per ordinary share | 2.75 |
2.42 |
|
| Plus preference per preference share | 0.03 |
0.02 |
|
| Fully diluted income per preference share | 2.78 |
2.44 |
|
